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Topic Commercial Auto

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In the hard market, are you selling on price or coverage?

May 11, 2021 by David Gambrill

Price point and carrier capacity have become increasingly important factors for brokers in recommending insurance coverage to their clients over the past year, according to Canadian Underwriter’s 2021 National Broker Survey. Canadian Underwriter asked 234 Canadian P&C insurance brokers across

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NDP motion calls for Ontario truck insurance relief

April 30, 2021 by John G. Smith

Ontario NDP MPP Guy Bourgouin (Mushkegowuk-James Bay) has officially introduced a motion calling on the provincial government to tackle rising insurance costs faced by owner-operators. “Today is a victory for all the truckers in northern Ontario and across the province

News Commercial AutoTechnology

How far telematics can reach in assessing risk

April 26, 2021 by Jason Contant

The use of telematics is expanding beyond traditional vehicles and tracking methods to increasingly focus on contextual risk, a speaker said Friday at the InsurTech North virtual conference. Traditional telematics devices measure driving behaviours such as speed, time of day

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Video-based telematics? Car subscription services? The future of auto insurance is already here

April 23, 2021 by Jason Contant

Increased use of video-based telematics in the commercial fleet space, as well as the evolution of car subscription services, are just two ways in which the Canadian insurance market could change over the next few years. Panellists discussed their predictions

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Ontario judge urges legislature to deal with insurance fraud

April 22, 2021 by David Gambrill

An Ontario judge has taken the rare approach in a sentencing decision to urge the provincial government to take steps to prevent future instances of insurance fraud. Ontario Court Justice David S. Rose made the obitur remarks in his written

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Adjuster’s fine halved on appeal in a replacement cost dispute over a tractor

April 15, 2021 by David Gambrill

A Manitoba insurance adjuster has been fined for failing to carry out instructions from an insurer to inform a claimant about how to replace their tractor under the terms of the insurer’s Limited Waiver of Depreciation. The adjuster, Douglas Boyd

News Commercial AutoNew Brunswick

New Brunswick premier urges truck drivers to get a COVID 19 vaccination

April 14, 2021 by Kevin Bissett, The Canadian Press

FREDERICTON — New Brunswick’s premier is urging truck drivers to get vaccinated against COVID-19 as soon as possible, but the head of a regional trucking association says it’s not that simple. Blaine Higgs told reporters Tuesday only about 800 of

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The ‘unfair advantages’ in commercial auto

April 13, 2021 by Greg Meckbach

New commercial auto clients may suffer an unfair disadvantage if they operate small truck fleets, an Ontario broker suggests. In Ontario, individual truck drivers who decide to start their own trucking firm may have no option but to have their

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Repair cycle times in Canada: Where it takes the longest to get a car fixed

April 8, 2021 by Adam Malik

Alberta is the only Canadian province where the average days billed for rental vehicles increased in 2020 Q4, according to a recent report. And it appears to be thanks to the almost $2 billion in insured damages the province suffered

News Commercial AutoInsurersNova Scotia

Regulator approves lower deductibles for commercial vehicles — with a caveat

March 29, 2021 by David Gambrill

Nova Scotia’s auto insurance regulator has approved Facility Association’s request to lower minimum deductibles for commercial vehicles, albeit with one significant caveat and a few “concerns.” The caveat has to do with logistics. For Facility Association’s member carriers, the upshot

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How to detect insurance fraud before the tow truck turf wars start

March 26, 2021 by Jason Contant

Early identification of potential insurance fraud schemes through automation can help prevent scenarios like the towing turf wars in Ontario from spiralling out of control, the CEO and co-founder of FRISS said Wednesday. “I think it is crucial for the

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Fewer brokers in 10 years, insurance exec predicts

March 24, 2021 by Adam Malik

Brokers may not disappear over the next 10 years but their ranks will definitely thin out, an insurance brokerage executive predicted during a recent webinar. Commoditization of the insurance industry will cut out transactional procedures that many brokers find themselves