Announcements

It is with a blend of gratitude and fond reflection that we announce the retirement of Lawrence (Larry) Ritchie from the FSRA Board of Directors. “Larry's tenure has been marked by an unparalleled dedication to excellence and a profound commitment to the financial services sector,” said Joanne De

The Financial Services Regulatory Authority of Ontario (FSRA) has revoked the mortgage broker licence of Gregory Joseph Martel (Martel). Martel is not suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). Martel was the principal broker and sole director

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Samuel Dawson (Dawson). FSRA alleges that Dawson contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) by giving false or deceptive information and documents when dealing

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its first Auto Insurance Supervision Plan to help ensure those who own and lease vehicles in Ontario are treated fairly, to promote public trust, and to maintain a robust auto insurance sector. The plan sets out three key

The Financial Services Regulatory Authority of Ontario (FSRA) wants to make sure everyone pays a fair price for car insurance. FSRA is launching a Test and Learn Environment (TLE) to look at various ways to apply territory ratings. FSRA believes this approach will help foster innovation and

The Financial Services Regulatory Authority of Ontario (FSRA) is launching a new consumer education campaign designed to inform and protect those who are considering an alternative or private mortgage. Alternative or private mortgages typically have different terms from traditional mortgages, and

Experts and stakeholders will provide advice on non-auto insurance issues To ensure a wide variety of industry experts inform direction and decision making the Financial Services Regulatory Authority of Ontario (FSRA) has established a new technical advisory committee for the non-auto property and

FSRA measures and reports service standards every quarter to maintain and improve our level of service to the public, to reinforce our accountability and improve transparency. Based on the results of our second quarter service standards scorecard, we continue to meet or exceed service targets for 92

To help consumers get access to auto insurance rates that are just and reasonable the Financial Services Regulatory Authority of Ontario (FSRA) is releasing its annual review guidance and benchmarks. FSRA uses these benchmarks to review an insurance company’s proposed rate changes and evaluate

The amounts being paid to auto accident victims for things like income replacement, hiring caregivers and rehabilitation are being increased by 3.8 per cent. The Financial Services Regulatory Authority of Ontario (FSRA) has released the 2024 indexation amounts related to auto insurance injury claims