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Ontario insurance regulator OKs Intact Financial's commercial ridesharing coverage

The Financial Services Commission of Ontario has approved acommercial ridesharing insurance policy of Intact Financial Corp., effective July 7.

Ride-sharing drivers operating on the Uber Canada platform inOntario will automatically be covered under the commercial policy provided byIntact Insurance Co.and purchased by Uber.

Also, Intact Financial's brands, Intact Insurance andbelairdirect, have modified their underwriting guidelines to allow customers toparticipate in ridesharing at no additional cost for drivers.