Insurance Business
How the real estate bar entered the insurance business, or what happens when a lawyer is also an insurance intermediary
Many of us deal with licensed insurance agents or registered brokers every year to purchase coverage, whether life, auto or home policies. When someone in Ontario wishes to obtain title insurance, the real estate lawyer effectively functions as insurance intermediary (although not technically an agent or a broker). Lest anyone think there is anything improper… Read More »
Categories: 2012 December Resolutions, Insurance Business, Real Estate, Title insurance, TitlePLUSWhy we read the fine print from FSCO and OSFI
FSCO’s announcement that it wants to get out of the P&C business may mean a new regulator for LAWPRO. Every insurance company operating in Canada today is regulated for solvency purposes at either the provincial or federal level. As a company that is inextricably tied to the Ontario bar (and in fact is, through the… Read More »
Categories: 2012 August Checklists, Articles, Insurance BusinessMCT + IFRS: More than the sum of its parts
In the post-Enron/post-Lehman world, the framework within which financial institutions and insurance companies (including LawPRO) operate is increasingly regulated and prescribed – perhaps more so than in most industries. Knowing, understanding and complying with this steady stream of consultation, regulation and compliance regimes of course creates extra work, requires additional infrastructure (at a cost) and… Read More »
Categories: 2012 January Employment, Articles, Insurance Business