Canadian Underwriter

Topic Ontario

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News InsurersOntarioPersonal Auto

How low can Ontario auto insurance rates be slashed?

May 24, 2022 by Jason Contant

The Ontario NDP’s proposal to lower auto insurance rates by 40% may be a little high, but a 25% to 30% cut in total premiums is possible, says financial management consultant David Marshall. In its platform released before the upcoming

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News CatastrophesClaimsClaims ProfessionalsEnvironmentalOntarioPersonal HomePropertyQuebec

First Cat of the year predicted after powerful “derecho” storm

May 24, 2022 by Alyssa DiSabatino

A series of powerful thunderstorms that affected Ontario and parts of Quebec this weekend is already being billed by the industry as the first major Cat of 2022. And while industry experts anticipate a large number of insured damages, one

Tow Truck Towing A Vehicle On A Two Lane Highway
News ClaimsInsurersLegalOntarioPersonal Auto

Tow truck driver granted “absolute discharge” for his role in staged collision

May 19, 2022 by David Gambrill

Ontario’s Court for Appeal has given an “absolute discharge” to a tow truck driver who pleaded guilty to fraud under $5,000 – and served a six-month conditional sentence – for his role in a staged collision that cost two insurers

A rear view of a businessman as he places his hand on his head and looks up at random numbers from a clock face that appear on the wall in front of him.
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New innocent co-insured law does not apply retroactively: Appeal Court

May 18, 2022 by David Gambrill

Ontario’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

Wildfire burning in Ontario
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Forest fire in northeast Ontario community forces residents to evacuate

May 17, 2022 by The Canadian Press

A 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

Multi-level brown cottage with white trim sits on the water and is surrounded by trees.
News B.C.BrokersInsurersNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal HomePropertyQuebec

What cottagers may overlook when it comes to seasonal insurance

May 17, 2022 by Alyssa DiSabatino

With 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

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News ClaimsInsurersOntarioPersonal Auto

Ontario auto: Should employee benefits or auto insurers pay out first?

May 17, 2022 by Jason Contant

If 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

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
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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.
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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

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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