Topic Ontario
New innocent co-insured law does not apply retroactively: Appeal Court
May 18, 2022 by David GambrillOntario’s new innocent co-insured law does not apply retroactively to claims events that happened before the legislation was passed, the Ontario Appeal Court has ruled. The co-insured rule restricts application of insurers’ policy exclusions for criminal acts only to those…
Forest fire in northeast Ontario community forces residents to evacuate
May 17, 2022 by The Canadian PressA forest fire has forced the evacuation of residents in a community north of Sudbury, Ont. Conservation officers and Ontario Provincial Police assisted with the precautionary evacuation of Shining Tree, Ont., residents Saturday afternoon after a forest fire broke out…
What cottagers may overlook when it comes to seasonal insurance
May 17, 2022 by Alyssa DiSabatinoWith the May long weekend just around the corner, many Canadians will be packing their bags and heading up to the cottage, but a post-pandemic surge of demand may mean a lot of cottage rentals, and some important points of…
Ontario auto: Should employee benefits or auto insurers pay out first?
May 17, 2022 by Jason ContantIf the Ontario Progressive Conservative Party moves ahead with one of its proposed changes to auto insurance, it could result in increased claims costs for auto insurers, or else shift the burden more onto extended (supplementary) health insurance policies, says…
What Intact’s CEO thinks of Ontario’s auto insurance budget
May 16, 2022 by Alyssa DiSabatinoIntact’s CEO Charles Brindamour said he is “quite thrilled” with some of the auto insurance reform measures contained in Ontario government’s proposed budget. Brindamour commented on the budget proposals for auto insurance reform during a Virtual Fireside Chat with RBC…
Kenora, Ont., residents told to watch for possible flooding amid rising water levels
May 16, 2022 by The Canadian PressA city in northwestern Ontario is monitoring water levels and telling residents to watch for the possibility of flooding. That comes after an evacuation order was issued by the City of Kenora on Friday that said hundreds of residents were…
Ontario Liberals eye auto insurance rates and towing sector
May 13, 2022 by Philip PoradoOntario Liberals want to bring down auto insurance rates but not via percentage targets, as envisioned by the New Democrats. “We will also work tirelessly to bring down auto insurance rates,” said Ontario Liberal Party press secretary Andrea Ernesaks. She noted that will…
NDP auto platform: 40% rate cut, frozen rate increases, and a Fair Pricing Commission
May 11, 2022 by Jason ContantOntario NDP Leader Andrea Horwath has proposed to lower auto insurance rates by 40% and investigate a “new system” for auto insurance that could include a public or partially public system. Horwath says if she is elected premier in the…
Pot shop sales data was ‘misappropriated,’ Ontario cannabis distributor says
May 11, 2022 by Tara Deschamps - THE CANADIAN PRESSTORONTO – The Ontario Cannabis Store says a data breach involving some of its sales information is being investigated by the Ontario Provincial Police. Daffyd Roderick, a spokesperson for the Crown agency responsible for distributing cannabis from producers to pot…
Ontario Election: NDP plans to ban postal code rating for auto insurance
May 10, 2022 by Alyssa DiSabatinoEditor’s Note: The Conservative government outlined its plans for insurance in their budget document, released before the Ontario election, which will take place June 2. Canadian Underwriter is asking Ontario’s political parties for their platforms on insurance. We are printing…
Will Ontario’s budget proposals actually reduce auto rates?
May 4, 2022 by Alyssa DiSabatinoTo reduce Ontario auto insurance rates substantially, fairer rating systems and offering usage-based insurance (UBI) may be most effective, says one industry observer. The Ontario government is proposing measures to reduce the cost of auto insurance. Among them, it is…
Why Barrie’s 2021 tornado damage was “largely preventable”
May 4, 2022 by Jason ContantMore than 35 years after a deadly tornado in Barrie, Ont. – the site of another strong tornado last year – the industry is still looking for modernizations to the Ontario Building Code and tornado protection construction practices. “Since before…