Tag: "Government"

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Health, distracted driving bills highlight Alberta’s fall legislative agenda

By on Oct 25, 2010 in Canadian Government

Legislation ensuring a more patient-focused health care system for Albertans will highlight the fall session of the provincial Legislature, which re-convenes on Monday, October 25 at 1:30 p.m. It is anticipated that the government will introduce at least 11 new bills for debate by MLAs. “This fall’s legislative session continues to address the priorities of [...]

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More on whistleblower protection in Canada – My conversation with David Hutton

By on Aug 11, 2010 in Post Script

I don’t know about you, but I’ve been watching the WikiLeaks issue(s) with great interest. What has been causing most of the chatter lately is the July 25 release of files in a document set called “Afghan War Diary, 2004-2010”. Included in this is the now famous – and huge – file called “Insurance”. WikiLeaks [...]

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Ontario toughens license rules for young drivers

By on Jul 29, 2010 in Canadian Government, Road Safety

The Ontario government has introduced new changes that it says will make the province’s roads safer. The changes mostly apply to young drivers and those in the Graduated Licensing System. Starting August 1: All drivers 21 years of age and younger must have a zero blood alcohol level when they get behind the wheel or [...]

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Documents detail $4.3B in Goldman Sachs payouts after government’s bailout of AIG

By on Jul 26, 2010 in International Insurance

A new document discloses the list of banks and hedge funds that received US$4.3 billion from Goldman Sachs after the government’s bailout of AIG – money that ultimately came from taxpayers. The money was to cover bets that went bad because of the housing bust. According to Sen. Chuck Grassley, R-Iowa, American International Group owed [...]

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Alberta Rate Board releases 2010-2013 plan

By on Jul 22, 2010 in Auto & Trucking

The Alberta Automobile Insurance Rate Board (AIRB) has released its business plan for the three years starting April 1, 2010. In the plan, AIRB Chair Alfred Savage says that the Board’s priorities were developed in the context of the government’s overall business and fiscal plans. The AIRB has identified five goals for the upcoming three [...]

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Ontario auto rates expected to drop

By on Jul 21, 2010 in Auto & Trucking

After three consecutive years of increases, basic auto insurance rates will soon fall for some Ontario drivers – but not enough to compensate for the increases of previous years. The provincial regulator announced that rates in the province will decrease an average of one per cent starting this September. The change will affect motorists who [...]

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National securities regulator to be decentralized

By on Jul 19, 2010 in Canadian Economy

Canada’s new national securities watchdog will be among the most decentralized in the world, with no headquarters and a strong presence in every participating province, according to a draft plan. The transition team headed by Doug Hyndman says the new regulator should have an office in each of the participating provinces, leaving open where the [...]

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Alberta sets aside $200M to pay for flood damage

By on Jul 09, 2010 in Sales, Mergers & Acquisitions

The Alberta government has set aside more than $200 million to help people, businesses and local governments repair damage from heavy flooding in the south. The money will cover damage that insurance companies don’t, as well as help municipalities with emergency costs. Registration centres opened across southern Alberta starting July 7 where people can apply [...]

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New minister in charge of SGI

By on Jul 08, 2010 in Canadian Insurance

Saskatchewan Premier Brad Wall announced Cabinet changes on June 29. First-time Cabinet Minister Tim McMillan will be responsible for the Crown Investments Corporations and Saskatchewan Government Insurance. He takes this portfolio over from June Draude who is now responsible for social services, the Public Service Commission and the Status of Women portfolio. McMillan is the [...]

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Ontario gives $1M to help with tornado cleanup

By on Jul 07, 2010 in Natural Disasters

The Ontario government is providing up to $1 million in special assistance to the tornado ravaged town of Midland. The special assistance grant will help with cleanup costs and repairs following June 23’s twister. Money will also be available to help individuals and non-profit groups with costs not covered by insurance. The tornado that hit [...]

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Gov’t assistance won’t cover BC landslide damage

By on Jun 18, 2010 in Natural Disasters

The people whose homes were destroyed by a landslide on June 13 in southern British Columbia found out on June 15 that they will receive some assistance from the provincial government to help them rebuild. But the community’s mayor predicted the assistance won’t be nearly enough to cover what’s believed to be millions of dollars [...]

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Toyota acceleration issue may be behind 89 deaths

By on Jun 04, 2010 in Auto & Trucking

Unintended acceleration in Toyota vehicles may have been involved in the deaths of 89 people over the past decade, upgrading the number of deaths possibly linked to the massive recalls, the government said. The U.S. National Highway Traffic Safety Administration said that from 2000 to mid-May, it had received more than 6,200 complaints involving sudden [...]

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B.C.: conditional support for securities regulator

By on Jun 03, 2010 in Canadian Government

Finance Minister Colin Hansen says British Columbia likes Ottawa’s plans to regulate stock exchanges across Canada, but the province isn’t ready to offer its full support just yet. Ottawa is sending proposed legislation to create a national securities regulator position to the Supreme Court of Canada, asking it to rule on whether the federal government [...]

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Anti-spam laws could be in place by end of year

By on Jun 01, 2010 in Business

The federal government is re-introducing legislation to stop unwanted spam on computers and cell phones and guard against identity theft. Industry Minister Tony Clement says if all goes well the legislation could be in force by the end of the year. Clement says Canada is an outlier among advanced nations for the lack of effective [...]

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Ottawa to ban banks from web insurance sales

By on May 31, 2010 in Canadian Insurance

Ottawa is drafting legislation to stop Canadian banks from using their websites to promote insurance that can’t be sold through their regular branch offices. Finance Minister Jim Flaherty said Thursday he is moving forward with legislation that would make it illegal for federally regulated Canadian banks and trust companies to use their websites to promote [...]

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Manitoba to ban negative option billing

By on May 25, 2010 in Canadian Government

Manitoba is set to join other provinces such as Ontario in banning negative-option billing. The NDP government is proposing legislation that would disallow companies from charging consumers for services they didn’t ask for. Penalties would range up to $300,000 in fines. Negative-option billing stirred controversy across Canada in the 1990s when some cable companies gave [...]

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The scoop on green investments

By on May 18, 2010 in Green

A new study says Canadian governments can expect an economic return from seed money in green technology, just not as much as from more traditional investments. The Conference Board study shows that investments in green technology under government programs in Canada will total $11.8 billion in the next four years. The think-tank says Ontario will [...]

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Securities regulator bill to Supreme Court soon

By on May 17, 2010 in Canadian Government

Finance Minister Jim Flaherty says he will have a draft bill on a new national securities regulator ready to send to Parliament and for a Supreme Court reference in a matter of weeks. Flaherty has committed to seeking the Supreme Court’s judgment on whether Ottawa has the constitutional power to enact such legislation after Quebec [...]

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N.S.: cost implications of injury cap changes

By on May 17, 2010 in Injury Cap

Oliver Wyman was contracted by the Superintendent of Insurance for the Province of Nova Scotia to provide actuarial services in regards to possible changes to the Minor Injury Regulations (MIR) that became effective on November 1, 2003 under the "Automobile Insurance Tort Recovery Limitation Regulations." The firm found the following: • The enactment of the [...]

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