Topic
Associations
IBC, FSCO remind consumers how to report auto insurance scams as Fraud Prevention Month kicks off
February 28, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada and Financial Services Commission of Ontario kicked off Fraud Prevention Month on Thursday by reminding consumers of how to report insurance fraud, especially in auto insurance in the province. Fraud Prevention Month runs through March…
FSCO lays out how insurers should take on usage based insurance programs
February 13, 2013 Harmeet Singh, Online EditorThe Financial Services Commission of Ontario is looking at how to take on usage based insurance (UBI) in the province, but it’s still taking things slow before jumping into approving new programs. The regulator has been looking at UBI and…
IBC says Ontario NDP’s plan to reduce auto insurance rates “arbitrary”
February 4, 2013 by Canadian UnderwriterResponding to Ontario NDP leader Andrea Horwath’s proposal to reduce auto insurance rates in the province by 15%, the Insurance Bureau of Canada said Monday that the proposal misses the mark. “…(B)and aid solutions may score political points, but for…
On The Scene
January 31, 2013 byPAUL DAVIS SYSTEMS CANADA, LTD. (PDSC) has added Ralph Gottschalk as the newest franchisee to its network. Ralph will be operating the Paul Davis Systems of Peterborough & Kawartha Lakes franchise providing restoration services to the Peterborough community and surrounding area. Property…
IBC uses Crime Stoppers Month to promote reporting of insurance fraud
January 15, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada is using Crime Stoppers Month as an opportunity to again remind the public about the high cost of insurance fraud. January is Crime Stoppers Month in Ontario, where high auto insurance premiums are often linked…
Privacy commissioner report brings up transparency issue with credit scoring
January 10, 2013 Harmeet Singh, Online EditorA recent findings report on the use of credit scores to help determine insurance premiums in Ontario suggests that transparency in providing information to policyholders should be the primary concern for insurers who use the controversial tool. In mid-December, the…
Ontario government beefs up investment in critical infrastructure
December 18, 2012 by Canadian UnderwriterThe Ontario government is increasing support for critical road, bridge, water and wastewater projects under its Municipal Infrastructure Strategy, a move sure to garner support from insurance industry and municipal representatives alike. The increased investment — up substantially from the…
Honda Civic tops list of most stolen cars in Canada
December 13, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has released its annual list of the top 10 most frequently stolen vehicles in Canada, with the 2000 Honda Civic topping the list. Civics actually take up the top two places in this year’s list, perhaps unsurprisingly, as…
Marketplace
December 2, 2012 by Canadian UnderwriterREGULATION Court upholds 60-day wait limit for mediation The Court of Appeal for Ontario has upheld a decision by a lower court to dismiss the appeals by insurers in a case involving wait time for mediation before the Financial Services…
Be patient and take precautions around snow plows: Ontario campaign
November 16, 2012 by Canadian UnderwriterOntario motorists are reminded of the need to take certain precautions this winter to avoid collisions involving snow plows. A province-wide public awareness campaign, launched on Friday in Ottawa by transportation minister Bob Chiarelli, was started by the Ontario Road…
IBC teams up with Ontario Crime Stoppers to fight fraud
November 8, 2012 by Canadian UnderwriterThe Insurance Bureau of Canada has partnered with the Ontario Association of Crime Stoppers as another measure to fight insurance fraud in the province. Anonymous tips sent to Crime Stoppers will now be sent both to police and to IBC’s…
IBC puts support behind insurance education during Financial Literacy Month
November 6, 2012 by Canadian UnderwriterThe Insurance Bureau of Canada has thrown its support behind Financial Literacy Month, which runs during November, offering resources to help consumers better understand personal, home and auto insurance. IBC is supporting the event with “community events, partnerships with key…