Continue to Site »
Site will load in 15 seconds
Advertisment: Car-O-Liner Automotive Systems » CAR-O-LINER - Order 6158 » COL Leaderboard July 2025 » COL Leaderboard July 2025

Flooding Fixes: FSRA allowing licensed adjusting firms to use claims adjusters licensed outside of Ontario as response to recent Toronto flash-flooding

Untitled design (10)

Img 0656 oe0 Vf Ees Wb Headshot

Toronto, Ontario — The Financial Services Regulatory Authority of Ontario (FSRA) has implemented temporary measures to allow claims adjusters to process insurance claims more quickly, following flash floods that affected the Toronto area last week.

Specifically, the FSRA is temporarily allowing licensed adjusting firms to use claims adjusters licensed outside of Ontario. The FSRA is also allowing Ontario insurers to use the services of employees of affiliated insurers.

Insurers and adjusting firms must also contact the FSRA to confirm the requirements of the temporary measures before proceeding with the changes.

These temporary measures will be in effect until October 31, 2024.

The rainfall that affected the Toronto area last week saw a month’s worth of water hit the city in 24 hours. Current reports list the effects caused by the storm as over one billion in insured damages. Last Wednesday morning, when Collision Repair contacted facilities near the Don Valley River—which flooded and closed the adjacent Don Valley Parkway, a key roadway into Toronto’s downtown core—one collision centre expected seven tow-ins from flood damages alone.

To learn more about the temporary changes, check out the FSRA’s website for details.

 

Advertisment: Global Finishing Solutions » GLOBAL FINISHING SOLUTIONS- Order 6240 » GFS Featured Rect July 2025 » GFS Featured Rect July 2025
Page 1 of 90
Next Page
Advertisment: Arslan Automotive » Arslan Automotive - Order 6232 » Arslan featured rect July 2025 » Arslan featured rect July 2025
Advertisment: CRM House Ads » Collision Repair Magazine » Proud to be Canadian banner » Proud to be Canadian