Topic Ontario
Why did auto insurance rates go up in some Ontario communities?
January 31, 2022 by Jason ContantWhile auto insurance premiums across Ontario dropped an average of 3.8% last year from 2020, certain areas saw single- or double-digit increases, according to a recent report from rate aggregator Ratesdotca. The cities of Nobleton, Schomberg, Orangeville and King City,…
Claims adjuster appoints new director of investigation services in Canada
January 26, 2022 by Jason ContantClaims adjusting firm Sedgwick has appointed Mandy Yousif as director of investigation services in Canada. Ontario-based Yousif will lead Sedgwick’s new research and intelligence division for Canada. Sedgwick’s research and intelligence division allows its team of certified experts to provide…
Most expensive place to insure your car in Ontario
January 25, 2022 by Jason ContantVaughan, Ont., has replaced Brampton as the most expensive city in Ontario for car insurance in 2021, according to a new report from rate comparison site Ratesdotca. With estimated annual insurance premiums of $2,179, Vaughan is now the costliest city…
Why this mining and forestry brokerage expanded
January 24, 2022 by Alyssa DiSabatinoEditor’s Note: This story has been changed to reflect the fact that the Sudbury branch is being led by a team of local insurance experts. Gifford Carr Insurance Group, an Ontario-based personal and commercial insurance brokerage, is expanding into…
Canada’s top court weighs in on HST case concerning accident benefits
January 24, 2022 by David GambrillClaimants who sought a settlement with insurers over HST being deducted from their accident benefits have lost their bid to have their claims certified as class actions. The Supreme Court of Canada rejected leave to appeal the case on Jan.…
Why home insurance rates are rising in 2022
January 17, 2022 by Alyssa DiSabatinoHome insurance policyholders can expect an average 5% rate increase in 2022, according to a report from RatesDotCa. The average cost for home insurance in Ontario in 2021 was $1,342, per RatesDotCa. A 5% increase would translate into a…
Ontario snowstorm isn’t a Cat event – yet
January 17, 2022 by Philip PoradoHeavy snowfall in Ontario isn’t resulting in claim levels associated with a catastrophe event. But time may tell a different story. “We are seeing some increase in auto claims which is typical for snowstorms,” Heather Matthews, chief client officer of…
Ontario regulatory sandbox helps fintechs develop digital insurance products
January 14, 2022 by Clinton d’Souza, Marsh CanadaFor children, the sandbox is a place to build, and experiment without facing the risks and dangers of the real world. But sandboxes of a different type allow start-ups to develop innovative products, services and business models without immediately facing…
One dead, five missing after explosion, fire at Ottawa tanker truck manufacturer
January 14, 2022 by Mia Rabson - THE CANADIAN PRESSOTTAWA – One man is dead and five people are missing after an explosion at an Ottawa tanker-truck manufacturer Thursday. Neil Greene, the owner and president at Eastway Tank Pump and Meter Ltd. said Friday he is “completely devastated.” “My…
The insured damage cost of December’s windstorm in eastern Canada
January 13, 2022 by Alyssa DiSabatinoThe windstorm that swept across Ontario, Quebec and the Atlantic provinces between Dec. 11 and 14 caused more than $152 million in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The eastern Canada windstorm brought strong…
Excess of loss case should be heard in Canada, not New York: court
January 10, 2022 by David GambrillSeveral excess insurers have lost their bid to have a lawsuit take place in New York instead of Ontario in a mining insurance case brought before the Ontario Superior Court of Justice. Nine of 22 excess insurers argued that the…
Westland acquires brokerages in Ontario, Alberta
January 7, 2022 by Jason ContantWestland Insurance has announced its first brokerage acquisitions of 2022 — Bunnell Hitchon Insurance Brokers in Ontario, and Rigby Insurance in Alberta. Bunnell Hitchon, in Brantford and Milton, Ont., was founded in 1890 and offers a wide range of personal…