Canadian coverage, focused on insurance regulation, 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.
23 verified publications. Showing the 23 most recent.
Insurance Bureau of Canada announced on October 6 that it had joined counterparts in Australia, New Zealand and the United Kingdom to form the Four Nations Insurance Alliance. The industry partnership will share evidence on climate resilience, insurance gaps, cyber threats and regulation, giving Canadian insurers and policymakers a new forum for comparable market approaches.
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.
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.
OSFI's October 22 letter leaves Q4 2026 P&C insurance returns unchanged and clarifies when December and October year end insurers switch to IFRS 18 templates.
Reporting a collision and vehicle damage didn't notify Intact that the insured intended to claim statutory accident benefits. Ontario's Court of Appeal restored the tribunal's rejection of a claim made much later, while confirming that a reasonable explanation can excuse late notice under the regulations.
The Court of Appeal upheld Definity's $0.30 per kilometre reimbursement for medical travel because the evidence did not establish a higher rate was required. It expressly refused to set a universal rate.
Manitoba's life insurance proof requirements don't prevent a reasonable civil fraud inquiry. A policy authorization let BMO require answers, but the court found no fraud or final entitlement to $300,000.
FSRA's first questionnaire covered 8 insurers representing about 65% of the market. Fewer than 75% conducted formal reviews of their MGAs and agents.
A business facing a breach may have to notify regulators and customers while making an insurance claim. These are different obligations, with different triggers and deadlines.
Cyber insurance can provide access to specialists, but the insured company still has to decide which privacy obligations apply and whether an incident requires notification.
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.
Québec enforcement, an Ontario filing deadline, Northwest Territories licensing rules and Alberta's approved Care First forms all raise the same operational question. Can an insurer or intermediary show what it actually did?
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
September’s Canadian insurance developments didn’t point to one national legal rule. They pointed to something more useful: outcomes are increasingly turning on the exact operational detail, from notice requirements and disclosure duties to endorsements, approved forms and capital treatment.
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.
OSFI’s 2027 mortgage insurer capital framework creates a lower capital risk weight for qualifying low rise multi unit residential construction while keeping a higher weight for larger projects. The change takes effect January 1, 2027.
Alberta has approved the standard automobile forms that will support its Care First system on January 1, 2027, while separate guidance is now setting out how early treatment and claim administration are expected to work.
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.
Ontario licensed auto insurers must submit the 2026 Annual Auto Insurance Attestation through FSRA’s Online Services Portal by October 30, 2026. The filing requires certification by the CEO or the most senior officer responsible for Ontario operations.
Ontario's Court of Appeal held that reporting a collision to an insurer does not itself notify the insurer that the insured intends to claim statutory accident benefits.
The Court of Appeal reinstated an arbitration decision leaving Chubb responsible for accident benefits after it failed to follow Ontario’s pay first and notify process.
Alberta’s July 2026 auto-insurance orders set key Care-First rules ahead of the province’s January 1, 2027 transition.
See how a weekly briefing brings relevant developments together. Choose your divisions and jurisdictions before deciding whether membership is useful for you.
A preview doesn't enroll you in email. Optional delivery requires a separate choice.