Canadian Underwriter

Topic Ontario

Stacks of coins in the foreground, with blurred blue toy cars in the background.
News InsurersOntarioPersonal Auto

What Intact’s CEO thinks of Ontario’s auto insurance budget

May 16, 2022 by Alyssa DiSabatino

Intact’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

Aerial view of Kenora, Ont. at sunset
News ClaimsEnvironmentalOntarioPersonal Home

Kenora, Ont., residents told to watch for possible flooding amid rising water levels

May 16, 2022 by The Canadian Press

A 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

Queen's Park, home of Ontario's provincial legislature.
News Commercial AutoOntarioPersonal AutoPersonal HomeProperty

Ontario Liberals eye auto insurance rates and towing sector

May 13, 2022 by Philip Porado

Ontario 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

Andrea Horwath making a policy announcement in Brampton, Ont.
News InsurersOntarioPersonal Auto

NDP auto platform: 40% rate cut, frozen rate increases, and a Fair Pricing Commission

May 11, 2022 by Jason Contant

Ontario 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

Purchasing cannabis with a credit card
News CannabisCommercialCyberOntario

Pot shop sales data was ‘misappropriated,’ Ontario cannabis distributor says

May 11, 2022 by Tara Deschamps - THE CANADIAN PRESS

TORONTO – 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 NDP Leader Andrea Horwath speaks to the media before visiting communities across the GTA, as part of the 2022 Ontario election campaign trail, at Queen's Park in Toronto, on Wednesday, May 4, 2022. THE CANADIAN PRESS/ Tijana Martin
News Commercial AutoInsurersOntarioPersonal Auto

Ontario Election: NDP plans to ban postal code rating for auto insurance

May 10, 2022 by Alyssa DiSabatino

Editor’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

A red toy car rests on top of columns of stacked coins, each coin increasing in size.
News Commercial AutoInsurersOntarioPersonal Auto

Will Ontario’s budget proposals actually reduce auto rates?

May 4, 2022 by Alyssa DiSabatino

To 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

Damage after a tornado in Barrie, Ont. in July 2021
News CatastrophesClaimsConstructionEnvironmentalOntarioPersonal AutoPersonal HomeProperty

Why Barrie’s 2021 tornado damage was “largely preventable”

May 4, 2022 by Jason Contant

More 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

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Beware the tax implications of unlicensed insurance

May 3, 2022 by Jason Contant

If you’re looking to place a risk through an insurer that’s not licensed to write business in Canada, it’s important to understand the requirements around filing federal and provincial taxes, as well as special broker licenses. Although direct placement with

Car, Travel, Road Trip, Savings, Piggy Bank
News InsurersOntarioPersonal Auto

How Ontario plans to reform auto insurance

April 29, 2022 by David Gambrill

Ontario’s 2022 budget has a short paragraph dedicated to “reducing the cost of auto insurance,” including creating more choice for consumers, cracking down on auto insurance fraud and “enhancing fairness,” which would include new guidance on territorial rating. Exactly how

Big rigs refuel at a major truck stop
News ClaimsCommercialInsurersLegalOntario

Court sides with Atradius in $5.94-million credit insurance dispute

April 28, 2022 by David Gambrill

Ontario’s Superior Court upheld a $100,000 sublimit in an Atradius credit insurance policy dispute, in which the receiver for the bankrupt Eagle Travel Plaza, BDO Canada, claimed the full policy limit of $5.94 million. Before it went bankrupt in 2019,

Vector illustrating market share concept
News BrokersOntario

How brokers can take back market share from directs

April 25, 2022 by Jason Contant

There’s plenty of opportunity for the broker channel to be able to take back some market share from the direct side and agent side, says Joseph Carnevale, president of the Insurance Brokers Association of Ontario (IBAO). Brokers can gain a