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2020 – Year In Review In Insurance - Insurance

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In 2020, there were numerous changes to regulation of the
insurance sector in Canada, both in response to COVID-19 and in
keeping with regulators long-term plans. This article provides
a recap of some of the major changes that insurance companies and
other industry participants should keep in mind in 2021.
1. REGULATORY CHANGES
Saskatchewan s New Insurance
Legislation
The Insurance Act (Saskatchewan) and its
regulations came into force on January 1, 2020. The new Act created
new licensing categories, new rules regarding fair and unfair
practices, and rules regarding self-evaluative audits. ....

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Report suggests ways to reunite Manitobans with forgotten funds

Winnipeg Free Press
People often unaware they have money, own property
How much money could Manitobans have squirrelled away in accounts, pension funds or insurance policies they re not aware of?
How much money could Manitobans have squirrelled away in accounts, pension funds or insurance policies they re not aware of?
When you look at other provinces, there are millions, said Elizabeth McCandless, director of the Manitoba Law Reform Commission, which is proposing legislation that includes an online searchable database to reunite Manitobans with their forgotten, abandoned and unclaimed property.
Other provinces have enacted stand-alone legislation that establishes a process for the administration of unclaimed personal property so money can end up in the hands of rightful owners. ....

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