OSFI continues building climate resilience with revised expectations for climate related disclosure
Canada Insurance Law Review Blog
by Marisa Coggin
3d ago
On March 20, 2024, the Office of the Superintendent of Financial Institutions Canada (OSFI) revised Guideline B-15: Climate Risk Management ..read more
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Ontario Court of Appeal reverses decision in Gagne v. Ivari: Implications for insurer oversight and consumer protection
Canada Insurance Law Review Blog
by Arthur L. Hamilton
1M ago
Introduction On February 2, 2024, the Ontario Court of Appeal released its decision in the case Gagne v. Ivari[1]. The ..read more
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Recent regulatory updates: OSFI releases final Integrity and Security Guideline and amendments to Guideline B-10 and Guideline B-13
Canada Insurance Law Review Blog
by Laurie LaPalme
1M ago
Background On January 31, 2024, the Office of the Superintendent of Financial Institutions (Canada) (OSFI) released the final version of ..read more
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New Brunswick introduces licensing exemption for the adjustment of pet insurance claims
Canada Insurance Law Review Blog
by Laurie LaPalme
3M ago
On January 4, 2024, the New Brunswick Superintendent of Insurance (the NB Superintendent) introduced Blanket Order INS-2024-01 (Exemption of Adjusters ..read more
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OSFI publishes adjustments and clarifications to the Minimum Capital Test
Canada Insurance Law Review Blog
by Laurie LaPalme
4M ago
On December 14, 2023, the Office of the Superintendent of Financial Institutions (Canada) (OSFI) published adjustments and clarifications to the ..read more
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Ontario Court of Appeal confirms COVID-19 orders do not trigger coverage under all risks policy
Canada Insurance Law Review Blog
by Neil Rabinovitch
4M ago
In SIR Corp et al v Aviva Insurance Company of Canada, 2023 ONCA 778, the Ontario Court of Appeal affirmed that restaurants ..read more
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OSFI’s next area of focus: Business continuity and disaster recovery planning for federally regulated financial institutions
Canada Insurance Law Review Blog
by Laurie LaPalme
5M ago
On November 10, 2023, the Office of the Superintendent of Financial Institutions (OSFI) released a supervisory letter to underscore the ..read more
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FSRA introduces life insurance agent and MGA licensing suitability guidance for public consultation
Canada Insurance Law Review Blog
by Laurie LaPalme
5M ago
On November 21, 2023, the Financial Services Regulatory Authority of Ontario (FSRA) introduced the Life Insurance Agent & MGA Licensing ..read more
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Changes to licensing required for insurance intermediaries conducting business in the Yukon
Canada Insurance Law Review Blog
by Laurie LaPalme
5M ago
This past summer, the Yukon Professional Licensing and Regulatory Affairs (the Yukon Regulator) launched a new insurance agency licence (Agency ..read more
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OSFI introduces new guidelines for use of Letters of Credit by Federally Regulated Insurers
Canada Insurance Law Review Blog
by Marisa Coggin
5M ago
On November 8, 2023, the Office of the Superintendent of Financial Institutions Canada (OSFI) issued revised general guidelines for the ..read more
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