Topic Ontario
Final outcome of The Co-operators’ surface water commercial property coverage dispute
February 12, 2021 by Greg MeckbachA Supreme Court of Canada decision released Thursday means The Co-operators cannot appeal a $429,000 court decision against it over “surface water” coverage on a commercial property policy. In Co-operators General Insurance Company v. Le Treport Wedding & Convention Centre…
Licensing exams now offered in a virtual format
February 9, 2021 by Jason ContantLicensing exams for Ontario’s brokers are now available in an online, virtually-proctored format, the result of a partnership between the Insurance Institute of Canada and Ontario’s broker regulator RIBO (Registered Insurance Brokers of Ontario). “This is welcome news to many…
IBC praises new towing guidelines in Ontario
February 5, 2021 by Jason ContantInsurance Bureau of Canada (IBC) is applauding the Ontario Provincial Police (OPP) on its new towing services guidelines aimed at providing clear direction to tow operators. “These guidelines are another tool to help protect drivers and ensure that at the…
Telematics surcharges arrive for Ontario auto
February 5, 2021 by Greg MeckbachOntario motorists who choose usage-based insurance could now be hit with surcharges if telematics data shows they have risky driving behaviour. The Financial Services Regulatory Authority (FSRA) removed its UBI Guidance this past November, a FRSA spokesperson told Canadian Underwriter…
Ontario long-term care home with outbreak of COVID-19 variant faces lawsuit
February 5, 2021 by Nicole Thompson - THE CANADIAN PRESSA central Ontario long-term care home devastated by an outbreak of a highly contagious variant of COVID-19 is facing a proposed class-action lawsuit from residents’ families who allege their loved ones were neglected by those charged with keeping them safe.…
Two Toronto-area seniors homes limit visits over COVID-19 variant risk
February 4, 2021 by Holly McKenzie-Sutter - THE CANADIAN PRESSTwo Toronto-area retirement homes imposed restrictions on visitors coming from an Ontario region at the centre of a more potent COVID-19 outbreak over the weekend as officials in another district said the more contagious U.K. virus variant had surfaced there…
Canadian auto and property insurance rates headed in opposite directions
February 1, 2021 by Jason ContantAverage personal auto premium rates in Canada decreased 2.6% in 2020 Q4 compared to the same period in 2019, but some provinces did see an increase, according to the latest results from Applied Systems’ premium rate index. On average, both…
Four dead, several injured in three-alarm house fire in Toronto’s east end
January 29, 2021 by Liam Casey and John Chidley-Hill - THE CANADIAN PRESSTORONTO – Four people were killed and several others were injured after flames ripped through an east-end Toronto home early Friday. Toronto’s fire service said six people were taken from the home and two were in hospital. Deborah Bies, who…
Telematics: Who’s jumping into the pool and who’s watching from the deck
January 28, 2021 by Greg MeckbachAuto insurers are taking a variety of approaches to telematics: Some are observing from the sidelines, while others report growing interest from consumers. The Travelers Companies Inc. introduced IntelliDrive in Canada last week, as Michael Klein, president of personal insurance…
Why this insurer had to pay $187K for ex-Ontario PC leader’s legal defence
January 28, 2021 by David GambrillAn Ontario court has ordered Sovereign General to pay $187,313 to cover the legal costs of former Ontario Progressive Conservative Party leader Patrick Brown, who personally incurred the expenses while defending a defamation lawsuit arising from the publication of his…
How IBAO is leading brokers to go paperless
January 27, 2021 by Greg MeckbachThe cost and hassle of printing and mailing large insurance policies is one of the drivers towards digitization, suggests the board member of a broker association. Consumers do not want to sift through 75 pages of insurance documents, said Greg…
Suspension of licence renewal requirements for drivers 80 and older raises concerns
January 25, 2021 by Radha Kohly - THE CANADIAN PRESSA decision to waive vision tests and other screening typically required to renew driver’s licences for Ontarians aged 80 and older during the pandemic has some in the medical community raising concerns about the risks the move poses to those…