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Michigan
Intact CEO hopes B.C. is ‘starting to think about introducing more competition’ in auto insurance
August 2, 2017 by Canadian UnderwriterNine days after Insurance Corporation of British Columbia released a report it commissioned to Ernst & Young LLP on reforming auto insurance, the chief executive officer of Intact Financial Corp. suggested it is “better to have a competitive marketplace” in…
Ontario and Michigan launch North America’s first cross-border automated vehicle test drive
July 31, 2017 by Canadian UnderwriterOntario and Michigan are completing North America’s first cross-border automated vehicle test drive, Ontario’s Ministry of Transportation (MTO) reported on Monday. The test drive began in Detroit and will continue from the Ontario cities of Windsor and Sarnia before crossing…
EY report on reforming B.C. auto points to impending restrictions in Australia on auto accident benefits for minor injuries
July 27, 2017 by Canadian UnderwriterA report released April 11 by the Ontario finance ministry “contains many useful learnings” for British Columbia’s government-run auto insurer, Ernst & Young LLP suggested in a report released July 24. In Affordable and Effective Auto Insurance – a New…
Insurance Corporation of B.C. financial condition ‘seriously compromised,’ Basic Autoplan needs redesign: EY
July 25, 2017 by Canadian UnderwriterThe premiums charged by British Columbia’s government-run monopoly provider of basic auto insurance are “not high enough” to cover claims, the system is not sustainable and the cost of the average minor bodily injury claim has risen well beyond the…
Saskatoon thunderstorm estimated to cost over US$30 million, floods and convective storms cost global economy US$5 billion in June: Aon Benfield
July 6, 2017 by Canadian UnderwriterA thunderstorm over Saskatoon on June 2 that spawned ping pong ball-sized hail is estimated to cost more than US$30 million, Aon Benfield said in its Global Catastrophe Recap report for the month of June. The fast-developing thunderstorm caused the…
The toughest challenge for self-driving cars? Human drivers
May 11, 2017 Tom Krisher - THE ASSOCIATED PRESSDETROIT – In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. The prospect is causing migraines for the people developing the robotaxis. A self-driving car would be programmed to drive at the…
FCA, Google begin offering rides in self-driving cars
April 25, 2017 Dee-Ann Durbin - THE ASSOCIATED PRESSDETROIT – Fiat Chrysler and Google for the first time will offer rides to the public in the self-driving vehicles they are building under an expanding partnership. The companies announced in the spring of last year that they would build…