For the National Adaptation Strategy, we recommend that government consider the importance of consumer education, as well as incentive programs to help Canadian homeowners and business owners "climate proof" their properties. For the National Flood Insurance Program for High-Risk Properties, we recommend that government and the private sector partner on this important initiative, and that the private sector (insurers and brokers) must play an integral role in the delivery of the program. We also recommend a federal earthquake solution. The Bank Act, with respect to the separation of banking and insurance. Open Banking with respect to consumer protection issues. Cyber Security - raising awareness of cyber attacks on small businesses and proposing a program to incentivize businesses to take protective measures. Bill C-74 Budget Implementation Act, Regulations with respect to fintech entities. Auto Theft - advocating for a collaborative approach, with a range of potential solutions, including: improve and modernize anti-theft devices in vehicles; increase inspections at ports before cars are shipped overseas; bolster law enforcement resources and activities; and consider tougher penalties for these crimes.
Introduction of a tax credit for homeowners and businesses altering or renovating their property to increase resilience from weather related damage. Introduction of a tax credit for SME's to invest in their cyber security. Creation of a federal earthquake insurance solution. Creation of a National Flood Insurance program. Maintaining Bank Act legislative provisions that restrict banks from marketing insurance in their branch network at the point of granting credit.
The Bank Act, with respect to the separation of banking and insurance. Open Banking with respect to consumer protection issues. For the National Adaptation Strategy, we recommend that government consider the importance of consumer education, as well as incentive programs to help Canadian homeowners and business owners climate proof their properties. For the National Flood Insurance Program for High-Risk Properties, we recommend that government and the private sector partner on this important initiative, and that the private sector (insurers and brokers) must play an integral role in the delivery of the program. Cyber security - raising awareness of cyber attacks on small businesses and proposing a program to incentivize businesses to take protective measures
Raising awareness of the impact of climate change on the insurance industry and the need for climate mitigation policies. Open Banking with respect to consumer protection issues Monitoring regulations pertaining to the fintech entities from the Budget Implementation Act (former Bill C-74). Ensuring the separation of banking and insurance as enshrined in the Bank Act.
Monitoring regulations pertaining to the fintech entities from the Budget Implementation Act (former Bill C-74). Raising awareness of the impact of climate change on the insurance industry and the need for climate mitigation policies. Open Banking with respect to consumer protection issues Ensuring the separation of banking and insurance as enshrined in the Bank Act.
For the National Adaptation Strategy, we recommend that government consider the importance of consumer education, as well as incentive programs to help Canadian homeowners and business owners "climate proof" their properties. For the National Flood Insurance Program for High-Risk Properties, we recommend that government and the private sector partner on this important initiative, and that the private sector (insurers and brokers) must play an integral role in the delivery of the program. " We also highly recommend a federal earthquake solution" The Bank Act, with respect to the separation of banking and insurance Open banking with respect to consumer protection issues. Cyber Security - raising awareness of cyber attacks on small businesses and proposing a program to incentivize businesses to take protective measures.
Maintaining Bank Act legislative provisions that restrict banks from marketing insurance in their branch network. Environment and the Details – National Adaptation Strategy and National Flood Insurance Creating a clear consumer complaints mechanism for potential violations of the Section 416 provisions of the Bank Act.