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Results: 1-10 of 17

The devil is in the details: BC case highlights consequences of insurance policies not having required contents
  • Cassels Brock & Blackwell LLP
  • Canada
  • November 10 2014

On November 6, 2014, the British Columbia Court of Appeal released its decision on Stroszyn v Mitsui Sumitomo Insurance Company Limited, 2014 BCCA


75 and 25 ceding limits lifted as of June 30, 2011
  • Cassels Brock & Blackwell LLP
  • Canada
  • February 18 2011

On February 3, 2011, His Excellency The Governor General in Council, on the recommendation of the Minister of Finance, made the Regulations Repealing the Reinsurance (Canadian Companies) Regulations and the Reinsurance (Foreign Companies) Regulations (the "Regulations"), which Regulations come into force on June 30, 2011


Alberta Court of Appeal upholds decision that extended warranties are not insurance for tax purposes
  • Cassels Brock & Blackwell LLP
  • Canada
  • July 28 2011

On July 21, 2011, the Court of Appeal of Alberta released its decision in Brick Protection Corporation v Alberta (Provincial Treasurer), 2011 ABCA 214 (“Brick Protection”


New class of “product warranty insurance” in Alberta
  • Cassels Brock & Blackwell LLP
  • Canada
  • October 10 2012

Changes to the Alberta Insurance Act (the “Act”) went into effect on July 1, 2012


Negative Option Billing Regulations to come into force August 1, 2012
  • Cassels Brock & Blackwell LLP
  • Canada
  • April 4 2012

The Negative Option Billing Regulations (“Regulations”) first released in March 2011 in draft form for public consultation were published in final form in the March 14, 2012 issue of the Canada Gazette Part II


FSCO plans compliance audits and market conduct reviews of insurers and agents
  • Cassels Brock & Blackwell LLP
  • Canada
  • May 6 2011

Every June 30, the Financial Services Commission of Ontario ("FSCO") releases its Statement of Priorities & Strategic Directions ("Statement"), which sets out its proposed priorities for the fiscal year in connection with the administration of all Acts that confer powers on or assign duties to it or the Superintendent


OSFI announces major reinsurance regulatory reforms
  • Cassels Brock & Blackwell LLP
  • Canada
  • September 12 2010

In 2008, the Office of the Superintendent of Insurance ("OSFI") launched a comprehensive policy review of its regulatory and supervisory approach to reinsurance


The clock is ticking and time’s up on January 1, 2015! All applications for reinsurance with related unregistered reinsurers are due by new year
  • Cassels Brock & Blackwell LLP
  • Canada
  • October 7 2014

At its Legislation and Approvals Division Seminar held on October 7, 2014 in Toronto, the Office of the Superintendent of Financial Institutions


Minister of Finance seeking consultation on demutualization of property and casualty mutual insurers
  • Cassels Brock & Blackwell LLP
  • Canada
  • July 19 2011

On June 30, 2011, the Honourable Jim Flaherty, Minister of Finance, launched public consultations to develop a framework to allow federally-regulated property and casualty (“P&C”) mutual insurance companies to convert to share companies (“Demutualization”


CCIR launching consultation process on MGA distribution model
  • Cassels Brock & Blackwell LLP
  • Canada
  • March 8 2011

The Agencies Regulation Committee ("ARC") of the Canadian Council of Insurance Regulators ("CCIR") recently released an issues paper entitled "Managing General Agencies Life Insurance Distribution Model" (the "Paper") and an invitation for stakeholder comment on the issues raised in the Paper