News from OIC, ACORD Solutions Group, Lemonade Foundation and more. (Photo: Shutterstock)

Financial Services Regulatory Authority of Ontario released its first insurance rule. The Unfair or Deceptive Acts or Practices Rule, which was recently approved by the Minister of Finance, applies to insurers of life & health and property & casualty, including auto, risks and related providers of goods and/or services. The rule will be effective April 1, 2022.

Certified Automotive Parts Association announced the election of five new insurer members to its Board of Directors. Joining the board are: Brian Fening; Liberty Mutual Insurance; Kim Hare, Farmers Insurance; Troy Penry, GEICO; Michelle Perez, Progressive Insurance; and Cheryl Schaefer, State Farm Mutual Insurance. The Board of Directors is comprised of members representing a cross-section of the aftermarket automotive industry, including distributors, insurers, collision repairers and quality experts.

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