These measures will allow claims adjusters to help process
insurance claims more quickly
TORONTO, July 18,
2024 /CNW/ - Ontario's financial services regulator (FSRA)
is implementing temporary measures to help insurers in Ontario process the high volume of claims
being submitted in the wake of rainfall and flooding that recently
impacted parts of southern Ontario.
FSRA wants to help ensure that consumers' claims are adjusted
and processed quickly.
The temporary measures will:
- allow Ontario insurers to use
the services of employees of affiliated insurers
- allow licensed adjusting firms to use claims adjusters with
licences outside of Ontario
These measures will be in effect until October 31, 2024. Insurers and adjusting firms
who wish to use these temporary measures must contact FSRA to
confirm the requirements of the temporary measures before
proceeding.
FSRA continues to work on behalf of stakeholders, including
consumers, to ensure financial safety, fairness, and choice for
everyone.
Learn more at www.fsrao.ca.
For media inquiries, please contact:
Russ Courtney
Senior Media Relations and Digital Officer
Financial Services Regulatory Authority
C: 437-225-8551
Email: russ.courtney@fsrao.ca
SOURCE Financial Services Regulatory Authority of Ontario