Kate Mccaffery

A prior disciplinary history, out-of-province sales, false application attestations and failing to follow client instructions have led to new penalties for Pavit Singh Sandhu, sanctioned recently by the Insurance Council of British Columbia.

Employee anxiety is costly for employers. It is also costly for insurers. Affecting both are disability claims: Sun Life ’s latest figures suggest close to 40 per cent of all long-term disability claims are related to mental health. A relatively new twist on this is the emergence of eco-anxiety and climate anxiety.

An agent licensed since January 2011 has been ordered to complete the (British Columbia) Council Rules Course for Life and/or Accident & Sickness Insurance Agents and a continuing education requirements and guidelines course, after an audit revealed the agent was short 10 continuing education (CE) credits during the 2024-2025 licensing period.

The Financial Services Regulatory Authority of Ontario (FSRA) has taken the unusual step of warning the public about buying certain vehicle insurance products from unlicensed insurers. “They could be paying hundreds of dollars for coverage that may not be valid,” the announcement states. “FSRA is alerting consumers to the unlicensed sales of Guaranteed Asset Protection (GAP) insurance that may leave some drivers without the coverage they expected.”

Internationally, insurance regulators are focused on a few key themes, artificial intelligence (AI) and the world’s natural catastrophe protection gap among them. These were the focus in a recent panel discussion hosted by the International Association of Insurance Supervisors (IAIS).

Both personal auto and personal property premium rates are continuing their upward year-over-year trend across all provinces, according to the latest Applied Systems ’ Applied Rating Index reading.

At the start of July, the Financial Advisor’s Association of Canada, also known as Advocis, announced that Arun Channan will chair the association’s national board of directors in the coming two-year term.

A recent commentary published by Morningstar DBRS notes that wildfires have burned an area in Canada that is slightly above the recorded 10-year average but adds that fires have remained concentrated in remote areas of Northwestern Ontario and Northern Quebec.

The Insurance Council of British Columbia has fined level 1 general salesperson, Kevin Neil Aquilario, and ordered Aquilario to complete remedial

Globally, commercial insurance rates are decreasing at renewal, a trend which is holding true in Canada as well, according to the most recent Global Insurance Market Index (GIMI) reading from Marsh.