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Home insurance rates need more transparency from Ontario regulator: complaint
Ontario’s financial services regulator should do more about rising home insurance rates linked to climate change, says a new complaint.
The submission by a climate advocacy group to the Financial Services Regulatory Authority of Ontario (FSRAO) says extreme weather is helping propel rates toward unaffordable levels, and the regulator should at least be pushing for more transparency about the trends.
Investors for Paris Compliance say in the official complaint that Ontario home insurance rates climbed 84 per cent between 2014 and 2024, a period that saw the main CPI inflation measure climb 28 per cent.
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It says that while the FSRAO gives a level of transparency on automotive insurance trends through statistics and analysis, it does nothing comparable on the home insurance side.
Investors for Paris is asking that the regulator conduct an investigation into home insurance trends, focusing on future affordability stresses, while also looking into what FSRAO can do longer-term to protect the stability of the sector.
The group also wants the regulator to look into the wider actions of property insurers, including their investments in fossil fuel companies (despite climate change being a notable cause of rate increases), and their efforts to have government backstop insurance for riskier properties.
“Unlike with auto insurance, home insurance rates are a black box – Ontarians only know they keep going up,” said Kiera Taylor, senior policy analyst at Investors for Paris Compliance, in a statement.
“We need greater transparency about what’s going on, and a plan by the regulator to get on top of growing home insurance unaffordability in the face of increasing climate damages.”
© 2025 The Canadian Press
TORONTO – The Toronto Blue Jays reinstated second baseman Andres Gimenez from the 10-day injured list Tuesday and designated infielder Buddy Kennedy for assignment.
Gimenez, a three-time Gold Glove award winner, missed five weeks with a left ankle sprain.
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The moves were announced shortly before the Blue Jays opened a three-game series against the visiting Chicago Cubs.
Entering play Tuesday night, Gimenez had five homers, 23 RBIs and a .218 average.
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Kennedy had one hit in two games for the Blue Jays. He also played four games for the Philadelphia Phillies earlier this season.
This report by The Canadian Press was first published Aug. 12, 2025.
© 2025 The Canadian Press
Around 2:30 p.m., Toronto police said they were called to the area of Woodbine and Duvernet avenues for reports someone had been stabbed inside a neighbouring home.
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TORONTO – Blue Jays president Mark Shapiro declined to comment on contract extension talks Tuesday but said he wants to remain with the club and that team ownership has been “reciprocal in that desire.”
Shapiro, who also serves as chief executive officer, is in the final year of his contract.
“When I think about alternatives, I’ve never been a grass is greener guy,” he said in a pre-game availability. “Twenty-four years in one place in Cleveland and 10 years here now.
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“So it’s the appreciation for what I have and the people that I get to work with every day, the city that I work in and the country that I live in, those things are drivers for me to remain here.”
Shapiro, 58, joined the club in 2015 and signed a five-year extension in January 2021.
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He took questions from reporters for about 20 minutes in a rare in-season media session. Shapiro was asked directly whether there had been discussions with team owner Rogers Communications on a new deal.
“Sure, yeah, I mean I think (it’s) not appropriate for me to comment beyond the fact that what I just said is I want to remain here,” Shapiro said. “And I can also say that both (Rogers executive chair) Edward (Rogers) and (Rogers president/CEO) Tony (Staffieri) have been reciprocal in that desire.”
It has been a worst-to-first campaign for Canada’s lone Major League Baseball team. The Blue Jays finished last in the American League East division standings last season but have enjoyed a stellar season in 2025.
Toronto entered Tuesday night’s game against the visiting Chicago Cubs with the best record in the AL at 69-50.
This report by The Canadian Press was first published Aug. 12, 2025.
© 2025 The Canadian Press
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