Topic
Associations
Canadians unprepared for the effects of severe weather: poll
May 31, 2013 by Canadian UnderwriterThe majority of Canadians are not prepared for the effects of severe weather, according to a national poll conducted by Pollara. Only 8% of respondents believe Canadians in general are very actively preparing for severe weather. Similar numbers say this…
IBC denounces Ontario NDP auto insurance statements as ‘irresponsible’
May 30, 2013 by Canadian UnderwriterWhile the Ontario New Democratic Party complains some vehicle owners are seeing their premiums rise by as much as 30%, the Insurance Bureau of Canada denies carriers are raising rates in anticipation of mandated decreases. The minority Liberal government’s budget…
Alberta getting hit hardest by severe weather: IBC
May 29, 2013 by Canadian UnderwriterIncreasingly severe weather is jeopardizing lives, property and livelihoods across Canada, with Alberta getting hit the hardest, according to Don Forgeron, president and CEO of Insurance Bureau of Canada. Forgeron was speaking to an audience of Cagary business and government…
IBC launches education campaign for young drivers in Quebec
May 14, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada and the Groupement des assureurs automobiles (GAA) have launched a new awareness campaign around insurance and claims for young drivers in Quebec, after survey results revealed that they are often undereducated on those issues and…
Ontario Tories schedule auto insurance round table in Brampton
May 10, 2013 by Canadian UnderwriterThe Ontario Progressive Conservative Party plans to hold a round table on auto insurance May 13 in Brampton, with the intent of discussing the party’s proposals to reform policy. When the minority Liberal government released its budget May 2, it…
New Brunswick’s higher cap for minor auto collision injuries to take effect July 1
May 9, 2013 by Canadian UnderwriterThe New Brunswick government has announced that the raised damages cap for people suffering minor personal injuries from auto collisions will take effect this summer. The new raised cap of $7,500 (up from $2,500) will take effect on July 1,…
Insurance Bureau advises Canadians on emergency preparedness
May 6, 2013 by Canadian UnderwriterOn the first day of Emergency Preparedness week, the Insurance Bureau of Canada was advising people Monday in Atlantic Canada and British Columbia to learn how to protect themselves from hurricanes and earthquakes. “IBC has made adapting to severe weather…
Industry response to Ontario budget mainly positive, while political opposition remains
May 2, 2013 Harmeet Singh, Online EditorIndustry 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 changes may not come quickly. Don Forgeron,…
Some Prairie communities on alert as spring flooding takes hold
May 2, 2013 by Canadian UnderwriterA number of communities in Saskatchewan have declared states of emergency in the wake of spring flooding that has hit some parts of the province hard. For example, the Village of Borden, about 50 km northwest of Saskatoon, noted in…
Ontario government proposes changes to meet 15% auto insurance premium reduction
April 30, 2013 by Canadian UnderwriterThe Ontario Liberal government said Tuesday it will be introducing legislation that, if passed, would reduce auto insurance premiums by 15% on average, a figure first proposed by the NDP in the province. The government, which is set to deliver…
Guarantee CEO shares theories on decline of foreign P&C carriers in Canada
April 26, 2013 Greg Meckbach, Associate EditorDomestic 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. Campbell, CEO of The…
P&C industry must meet promise to consumers, despite growing complexity of regulatory environment: IBC president
April 18, 2013 by Canadian UnderwriterCanada’s property and casualty industry needs to be innovative, but the regulatory enviornment must not grow so complex that it jeopardizes the promise to protect Canadians and pay claims, Don Forgeron, president and CEO of the Insurance Bureau of Canada…