Kate Mccaffery

The Registered Insurance Brokers of Ontario (RIBO) has published another decision wherein the regulator’s own panel says it struggled with the joint submission on penalty entered into between RIBO and the broker being disciplined.

The Registered Insurance Brokers of Ontario (RIBO), which governs property and casualty insurance brokers in the province, has reprimanded one of its members after he lost his life agent’s license in the same province, without reporting the disciplinary action to RIBO.

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed administrative penalties against 24/7 Auto Collision Inc., 2551662 Ontario Inc. and their owner, Altaf Hussain for charging for goods and services that were not provided. These included vehicle repairs that did not take place and replacement parts that were not replaced.

In Saskatchewan, Jarett Gedir has entered into a consensual agreement and undertaking with the Life Insurance Council of Saskatchewan (LICS) over a seven-day lapse of his errors and omissions (E&O) coverage.

The Canadian Institute of Actuaries (CIA) has published its 75 th annual report on the intercompany mortality experience for Canadian individual life insurance policies showing that the overall actual-to-expected (A/E) ratio by amount for the most recent policy year is down considerably when compared to previous years.

The General Insurance Council of Saskatchewan (GICS) has sanctioned Alexandria

Although month to month, the number of life insurance applications reported to MIB Group Inc. have decreased, the company says this is a common seasonal pattern. Focusing on year-to-date activity and year-over-year activity, application activity was up notably in May 2026.

Crowds have begun to descend on Toronto and Vancouver to witness FIFA World Cup 2026 events. Insurers say there is still time to obtain insurance coverage for businesses which may not realize the level of risk to which their businesses may be exposed.

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed $800,000 in administrative penalties against third party administrator (TPA), Specialty Life Inc. (SLI). It has imposed a number of conditions on the company’s corporate insurance license – namely, it must retain and compensate a compliance monitor for its operations.

A typical pension plan in Canada, modelled by TELUS Health and analysed in the company’s monthly pension indices report, improved on both a solvency and accounting basis in April.