Topic
Legal
Ontario NDP says it would deliver 15% auto insurance rate decrease in first year
May 22, 2014 by Canadian UnderwriterOntario NDP Leader Andrea Horwath launched her party’s platform Thursday, saying her government would deliver a 15% reduction for auto insurance rates in its first year. “A year after the Liberals agreed to a 15% reduction, few Ontario drivers have…
New videos show common staged accident methods used for insurance fraud
May 22, 2014 by Canadian UnderwriterThe National Insurance Crime Bureau in the United States, along with the Los Angeles Police Department, has produced several new videos to show the most common methods of staging vehicle accidents used to defraud insurance companies. “These staged accidents are…
EBay asks users to change password following cyberattack, no evidence of unauthorized activity
May 21, 2014 THE ASSOCIATED PRESSSAN JOSE, Calif. – E-commerce site eBay is asking users to change their password after a cyberattack compromised a database containing encrypted passwords. The company says there is no evidence of any unauthorized activity and no evidence any financial or…
GM recalls 2.4 million more vehicles
May 20, 2014 Dee-Ann Durbin, THE ASSOCIATED PRESSDETROIT – General Motors said Tuesday it’s recalling 2.4 million vehicles in the U.S. as part of a broader effort to resolve outstanding safety issues more quickly. The latest action brings to 13.6 million the number of vehicles GM has…
U.S. Transportation Dept. fines GM maximum $35M for delayed ignition switch recall
May 16, 2014 Joan Lowy and Tom Krisher, THE ASSOCIATED PRESSWASHINGTON – U.S. safety regulators fined General Motors a record $35 million Friday for taking at least a decade to disclose defects with ignition switches in small cars that are now linked to at least 13 deaths. It’s the maximum…
Ontario election call kills bills proposing towing industry regulation, auto insurance reform
May 16, 2014 Greg Meckbach, Associate EditorWhen Andrea Horwath and Tim Hudak rejected the minority Liberal government’s proposed budget for Ontario, they effectively killed at least 19 pieces of legislation that would have affected or piqued the interest of auto, property and liability insurers as well…
General Motors issues 5 more recalls, bringing total for year above 11 million
May 15, 2014 Tom Krisher, THE ASSOCIATED PRESSDETROIT – General Motors added five recalls to its growing list Thursday, pushing its total number of recalled vehicles to more than 11 million this year. GM’s recalls alone have the U.S. auto industry on pace to break the record…
New centre will allow retailers to share information about cybercrimes, potential threats
May 15, 2014 THE ASSOCIATED PRESSNEW YORK – Some of the nation’s largest retailers are banding together in hopes of protecting consumers’ personal and financial information from hackers and thieves. The Retail Industry Leaders Association, along with several top retailers ranging from Gap Inc. to…
Many Canadians report seeing distracted drivers, but few admit to the same behaviour
May 14, 2014 by Canadian UnderwriterCanadians report seeing many distracting driver behaviours, but few admit to being the ones fixing their hair while behind the wheel, according to a new survey from RSA. In the survey of 1436 Canadian drivers conducted online by Leger Marketing,…
Horwath blasts Liberals on Ontario auto insurance; wants cuts passed on immediately
May 13, 2014 Colin Perkel, THE CANADIAN PRESSTORONTO – Insurance companies have cut payouts by billions of dollars over the past several years but motorists have seen little benefit by way of lower premiums, New Democrat Leader Andrea Horwath said Tuesday. Election campaigning at a mall in…
GM recall shows gaps in air bag knowledge; drivers shouldn’t assume the bags will deploy
May 13, 2014 Dee-Ann Durbin, THE ASSOCIATED PRESSGeneral Motors’ recall of 2.6 million small cars has shed light on an unsettling fact: Air bags might not always deploy when drivers – and federal regulators – expect them to. Thirteen people have died in crashes involving older GM…
Collision avoidance systems can decrease accidents 44%: preliminary findings
May 12, 2014 by Canadian UnderwriterInsurance claim frequency in Israel dropped by approximately 44% for privately owned vehicles equipped with collision avoidance systems (CAS) compared to those without, suggests preliminary findings of a study commissioned by Israel’s Ministry of Finance and carried out by Ron…