The Ontario government’s stance on auto insurance continues to inject uncertainty into the market and is one reason State Farm agreed to sell its Canadian operations to Desjardins Group, according to speakers at Thursday’s P&C Crystal Ball conference in Toronto.…
TORONTO – Ontario’s New Democrats say the Liberal government is moving too slowly to cut auto insurance rates by 15 per cent, and warn they’ll remember that broken commitment at budget time this year. The province’s insurance regulator approved rate…
Auto insurance rates in Ontario have dropped 4.66% on average since August 2013, Ontario’s Ministry of Finance said Wednesday. Its announcement came a day after a news report citing unnamed sources that said rates had decreased 4% since the Liberal…
Three Toronto-area rehabilitation clinics have been convicted of several offences, resulting in maximum fines of $100,000 per conviction, the Insurance Bureau of Canada said Tuesday. The convictions come after co-operative investigation efforts from IBC’s investigative services division, multiple insurers, police…
TORONTO – Home owners should prepare to pay more for property insurance as the severe weather trend that has battered the country during the past year is expected to continue. ”There are more and more storms happening, and we’re seeing…
As power workers continue to restore electricity in Eastern Canada after a pre-Christmas bout of freezing rain, some insurance carriers report having received a variety of claims arising from the ice storm, from burst water pipes to tree branches falling…
The Honda Civic has topped this year’s top 10 list of most frequently stolen vehicles, according to the Insurance Bureau of Canada, but higher-end SUVs were also a target. The 2000 Honda Civic SiR 2DR is at the top of…
The Provincial Auto Theft Network (PATNET) program, which works to fight auto theft in New Brunswick and Nova Scotia, has expanded to Prince Edward Island, the Insurance Bureau of Canada announced Tuesday. The program’s launch in Summerside, PEI will include…
The events of 2013 have demonstrated the insurance industry in Canada is facing a significant tide of risks, including regulatory risks, Don Forgeron, president and CEO of the Insurance Bureau of Canada, noted at IBC’s 2013 Regulatory Affairs Symposium in…
TORONTO – Ontario has passed legislation that will pave the way for carbon monoxide detectors to be mandatory in all homes in the province. All three parties supported a private member’s bill introduced by Progressive Conservative Ernie Hardeman. The Hawkins…
TORONTO – Calls are growing louder for stiffer penalties in Ontario for motorists caught driving while using their cellphones. The insurance industry says such distracted driving has overtaken drunk driving as the most serious danger on the roads. The Insurance…
The events of 2013 have demonstrated the insurance industry in Canada is facing a significant tide of risks, including regulatory risks, Don Forgeron, president and CEO of the Insurance Bureau of Canada, noted at IBC’s 2013 Regulatory Affairs Symposium in…