Fraudulent Findings: FSRA imposes administrative penalties and compliance order against McLaren and Fardy Warda
Toronto, Ontario – The Financial Services Regulatory Authority of Ontario (FSRA) has recently imposed a compliance order and an order imposing administrative penalties of $75,000 on McLaren Collision and $15,000 on Fardy Warda. The compliance order is the result of fraudulent insurance charging performed by both parties. Specifically, McLaren Collision charged an insurer for repairs […]
Ontario approves commercial fleet insurance for ride-sharing
Toronto, Ontario — July 7, 2016 — Your next customer might be Uber or Lyft, regardless of who actually owns the vehicle. Ontario is changing the auto insurance system to allow for coverage of ride-sharing services. In short, the provincial government has approved a regulatory change under the Insurance Act to allow commercial fleet insurance […]
