Keyword
Ontario
Ontario government launches autonomous vehicle demonstration zone in Stratford
November 8, 2017 by Canadian UnderwriterThe government of Ontario announced on Wednesday that it has launched the Autonomous Vehicle Innovation Network (AVIN) in Stratford, Ont., a “unique demonstration zone” that is among the first of its kind in Canada to “allow researchers to hone the…
Echelon Insurance reports near halving of net income in 2017 Q3 compared to 2016 Q3
November 3, 2017 by Canadian UnderwriterThe B.C. wildfires and losses related to commercial auto and motorcycle contributed to Echelon Insurance witnessing a 42% decrease in net income and an increase in combined operating ratio for 2017 Q3 compared to 2016 Q3. Net income amounted to…
Auto insurance rates dropping in Ontario, but increasing in Alberta: LowestRates.ca
October 30, 2017 Jason Contant, Online EditorA newly launched Auto Insurance Price Index from comparison site LowestRates.ca has found that auto insurance rates are dropping in Ontario, but rising in Alberta. Released on Monday, the index report tracks the average cost of consumer auto insurance on…
Marshall gives his take on the ‘real problem’ with auto catastrophic impairment coverage
October 30, 2017 Greg MeckbachThe Ontario auto insurance system needs to do more for claimants who are catastrophically injured and not rely so much on “competing opinions” among medical practitioners, a former chief executive officer of the workers compensation system suggested to brokers recently.…
Ontario government pledges ‘further study’ on insurance-type products covering new home warranties
October 19, 2017 by Canadian UnderwriterThe Ontario government proposes to separate the administrator of the new home warranty program from the regulator of new home builders and vendors, but the ruling Liberals want to further study a recommendation to implement a multi-provider insurance system for…
CAA calls for provincial regulation of towing industry amid continued consumer complaints
October 18, 2017 by Canadian UnderwriterThe south central Ontario branch of the Canadian Automobile Association (CAA) is calling for provincial regulation of the towing industry following what it says are “continued instances of harrowing stories from motorists involving unscrupulous tow truck drivers on Ontario roads.”…
Alberta drafts framework to manage cannabis legalization
October 6, 2017 by Canadian UnderwriterAlberta has become the latest province to draft framework to manage cannabis legalization ahead of the federal government’s plans in July of 2018. Albertans are invited to provide feedback on the draft framework by midnight MT on Oct. 27. A…
Turo launches car-sharing marketplace in B.C., partners with car rental entrepreneurs
October 3, 2017 by Canadian UnderwriterTuro, which connects local car owners with travellers looking for adventure and in need of a vehicle, has expanded its car-sharing marketplace into British Columbia. To address provincial insurance regulations, the company has structured the expansion by partnering with local,…
Fully online aha insurance launches auto insurance for Ontario market, home insurance “coming soon”
September 26, 2017 by Canadian UnderwriterWaterloo, Ont.-based Ignite Insurance and Ignite Holdings announced on Monday that aha insurance – the online auto and home insurance service – “is available today for the auto insurance market and, coming soon, the home insurance market in Ontario.” aha…
Quebec, Ontario and California join forces on climate change
September 22, 2017 by Canadian UnderwriterQuebec Premier Philippe Couillard, Ontario Premier Kathleen Wynne and California Governor Jerry Brown have signed an agreement linking the carbon markets of the two provinces and one state. Couillard hosted Wynne and Brown in Quebec City on Friday. By signing…
Reduction in prejudgment interest rate in Ontario auto lawsuits applies retrospectively: Court
September 21, 2017 by Canadian UnderwriterA reduction two years ago, in Ontario’s prejudgment interest rate for pain and suffering damages awarded in auto bodily injury lawsuits, was intended to apply to lawsuits arising from vehicle collisions before 2015 if they go to trial after Bill…
Esurance expands online auto and home insurance to Ontario
September 21, 2017 by Canadian UnderwriterEsurance has announced that it is expanding its online auto and home insurance to Ontario. Esurance – an Allstate company with homeowner and auto insurance available across Alberta, Ontario and the United States – uses “advanced technology to offer an…