Canadian coverage, focused on brokers & buying coverage, with verified short holdings, original analysis and links to the underlying sources. A publication date isn't the same as a decision date. The dates below identify which is shown.
12 verified publications. Showing the 12 most recent.
Québec's financial markets tribunal approved a settlement revoking Yanick Tessier's life insurance representative certificate and imposing a $21,000 administrative penalty on October 16, reported by the AMF on October 21. Evidence established that he secretly paid premiums for 36 contracts and made misleading representations, underscoring agent disclosure and insurer oversight duties.
Ontario's insurance broker discipline panel found misconduct where a broker allowed an unlicensed intermediary to perform regulated client work, including handling an insurance application, despite the client's consent and the brokerage's knowledge of the arrangement. A broker cannot delegate licensing obligations by consent, although the absence of client harm or dishonest intent supported a reprimand and ethics education instead of a harsher penalty.
FSRA alleges a life insurance agent used the protected Financial Advisor title without an approved credential. A hearing has been requested and no final finding is reported.
Canadian renewal rates are falling, but US exposure, rebuilding exclusions and climate pressures complicate what those savings mean.
Credit and loan insurance can protect a specified debt after disability or illness, but definitions, payment limits and exclusions matter. It isn't interchangeable with disability income coverage.
Western has agreed to acquire Canadian Farm Insurance and Stockmens for $52.5 million, subject to Alberta regulatory and exchange approvals. The deal hasn't closed.
A customer might buy insurance by telephone from an agent based in another province and never think about territorial regulation. The Northwest Territories Office of the Superintendent of Insurance says its licensing req
Insurance buyers often remember the price and the promise but not which legal entity issued the policy or who was authorized to sell it. Prince Edward Island's Superintendent of Insurance explains that insurers, agents a
Quebec’s financial regulator says a follow up inspection of Matcha Assurance found that earlier deficiencies had not all been corrected and that new breaches had appeared. The resulting settlement included financial penalties, leadership restrictions and the firm’s planned withdrawal of registration.
Ontario’s Court of Appeal held that a mandatory mortgage broker fraud endorsement covered client money misappropriated while it was held in trust for a proposed mortgage transaction. The regulatory purpose of the required insurance mattered to how the policy was read.
The most important insurance conversation often happens before anything goes wrong, when someone still has time to understand what the policy is actually designed to do.
The Supreme Court dismissed homeowners' appeal, holding that a guaranteed rebuilding cost endorsement increased available insurance limits but did not displace the policy's separate exclusion for costs of complying with conservation authority rules. A limited $10,000 extension remained, and two judges dissented in part.
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