The Pendulum Swings Back? Thinking About The OSFI Reinsurance Framework Discussion Paper

Ontario's 2026 auto insurance reforms converted most accident benefits from mandatory to optional coverage, creating significant gaps in protection for pedestrians, cyclists, and unlisted drivers. Understanding these changes and taking proactive steps before your policy renewal could mean the difference between comprehensive coverage and devastating financial exposure after an accident.

Ontario is implementing major changes to auto insurance accident benefits starting July 1, 2026, shifting most coverage from mandatory to optional. Income replacement, caregiver benefits...

Premium credit cards often include rental car insurance, but many Canadians misunderstand what this coverage actually protects. While collision damage waivers may cover the rental vehicle itself, they typically exclude liability for injuries to others, personal belongings, and certain vehicle types. Understanding these limitations before declining the rental company's insurance can prevent costly surprises after an accident.

In a nutshell, the SPF 6 provides liability coverage for accidents involving so-called non-owned vehicles.

After making an initial investment in HIAL in 2021, Western acquired the remaining outstanding shares of HIAL on May 1, 2023. This transaction reinforces Western's service offering...

Ontario's Financial Services Regulatory Authority has issued a warning about unlicensed businesses selling Guaranteed Asset Protection (GAP) insurance through vehicle dealerships, leaving consumers potentially unprotected despite paying hundreds of dollars for coverage. The regulatory body has identified cases where GAP products reference insurers that never actually underwrote the policies, and is now taking enforcement action against violators while monitoring the market for compliance with licensing requ

A claim for diminished value of a vehicle repaired after an accident is not covered under Section C of the Alberta Standard Auto Policy, SPF No. 1.

Insurance companies routinely schedule Independent Medical Examinations (IMEs) as part of the claims process in Ontario, often leaving claimants uncertain about their purpose and impact. Understanding what IMEs assess, why they're requested, and how to prepare can significantly reduce stress and help you maintain control over your claim outcome.

Significant changes to auto insurance in Ontario are set to take effect on July 1, 2026, through reforms to the Statutory Accident Benefits Schedule (SABS).

This paper reviews the changes established by the new legislation, new compensation limits, new procedures for assessing claims and managing treatment and the anticipated impact to Albertans who are injured...