Desjardins General Insurance Group has launched a new usage-based auto insurance offering, the first program of its kind to be approved by the regulator and made widely available to drivers in Ontario.
May 13, 2013
Industry response to the Ontario government’s budget, tabled Thursday, was mainly positive, with the Insurance Bureau of Canada welcoming the potential fraud tackling measures and other reforms, but opposition response has signalled that...
May 2, 2013
Ontario’s Liberal government released its 2013 budget Thursday, outlining potential changes to the rate filing process, the return-on-equity benchmark for insurers and measures aimed at addressing fraud, all part of the larger target of a...
May 2, 2013
Domestic insurance carriers have nearly doubled their combined share of the Canadian property and casualty market in the quarter-century Alister Campbell has been in the industry, and on Thursday he offered some theories as to why.
Apr 26, 2013
Canadian property and casualty insurance carriers are well prepared to respond to a natural catastrophe giving rise to claims of up to $15 billion, but a disaster with insured losses of $30 billion or more will overwhelm the industry, suggests...
Apr 19, 2013
Implementing standing pricing for assistive devices could save the insurance industry a substantial amount of money, suggests Constable Glen Morash of the Major Fraud Bureau with Peel Regional Police.
Apr 12, 2013
The vast majority of Quebec residents, and most British Columbia residents do not have earthquake insurance but many are under the mistaken impression that standard policies cover it or expect the government will bail them out, an Insurance...
Apr 4, 2013
An arbitrator for the Financial Services Commission of Ontario recently ruled against Belair Insurance Company Inc. in a claim which the carrier said fell under the minor injury guideline (MIG).
Apr 3, 2013
Ontario Premier Kathleen Wynne said Wednesday that the Liberal government would back the New Democratic Party’s motion to reduce auto insurance rates in the province by 15%, but reiterated her party’s focus on anti-fraud...
Mar 27, 2013
Ontario’s New Democratic Party is calling on the provincial government to provide more details on what the Financial Services Commission of Ontario (FSCO) is doing to address the issue of insurance industry profits and driver premiums.
Mar 12, 2013