Topic Ontario
Top 3 M&A insurance deals in 2019
December 20, 2019 by Jason Contant2019 saw a slew of mergers and acquisitions in the Canadian P&C space and it’s unlikely 2020 will buck the trend. In fact, in the past few weeks alone, one Ontario brokerage bought another one, a Florida-based brokerage bought a…
Man named in FSRA warning denies soliciting business for Sonnet
December 13, 2019 by Greg MeckbachA Toronto man who told Canadian Underwriter he recommended direct writer Sonnet to some of his friends is denying allegations made by the Ontario insurance market conduct regulator that he actually solicited auto insurance through Sonnet. “I am not soliciting…
Why thousands of unsafe commercial vehicles remain on Ontario roads
December 6, 2019 by Greg MeckbachMore than half of Ontario’s commercial vehicle carriers have not been inspected by the province’s transportation ministry in the past two years, and the number of vehicles inspected each year has dropped big-time. These were among the findings in the…
Which way is winter tire usage trending in Canada?
November 21, 2019 by Adam MalikCanadians are getting the message when it comes to the importance of driving with winter tires, a new study has found. But Insurance Bureau of Canada warned that more than just strapping them to your car is enough to ensure…
Intact loses court battle over voiding auto policy for misrepresentation
September 26, 2019 by Greg MeckbachIf an Ontario auto insurer discovers a client made a material misrepresentation or non-disclosure in its application, could the insurer treat the policy as invalid to begin with? Not now. Or at least, not if the fact situation is the…
Intact agrees to buy The Guarantee and MGA Frank Cowan
August 15, 2019 by Greg MeckbachCanada’s largest property and casualty insurer, Intact Financial Corp. has agreed to buy The Guarantee Company of North America and MGA Frank Cowan Company Limited for about $1 billion from Princeton Holdings. Princeton will continue to own retail brokerage Cowan…
How SGI’s expansion into Ontario auto fared last year
July 12, 2019 by Greg MeckbachSaskatchewan’s government-owned insurer has been blindsided by its Ontario auto line. Regina-based Saskatchewan Government Insurance (SGI) reported Tuesday that SGI Canada’s 2018-19 loss ratio in Ontario was 91.9%, up 16.5 points from 75.4% in 2017-18. That increase was “largely due…
Over half of Ontario cannabis store openings delayed
April 3, 2019 by Shawn Jeffords and Armina Ligaya - THE CANADIAN PRESSCustomers lined up at Ontario’s first brick-and-mortar cannabis stores on Monday, but fewer than half of the province’s government-licensed outlets were ready to open. The Progressive Conservative government had planned to have 25 private stores launch on April 1, but…
New Ontario auto catastrophic impairment definition starts in 2016
September 3, 2015 by Canadian UnderwriterA new definition of catastrophic impairment, for vehicle accident injuries, takes effect next year, the Financial Services Commission of Ontario suggested in a recent bulletin. The new definition of catastrophic impairment, in Ontario’s standard accident benefits schedule (SABS), “includes new…
Desjardins launches Ajusto mobile app for auto insurance in Ontario, Quebec
March 27, 2015 by Canadian UnderwriterDesjardins General Insurance Group Inc. of Levis, Quebec announced Friday the availability of a mobile app for its Ajusto usage-based auto insurance, under which DGIG offers discounts based on driving behaviour. With the Ajusto app – for devices running Apple…
Top 10 Ontario cities with the highest car insurance rates
February 17, 2015 by Canadian UnderwriterNew research from KANETIX.ca shows the majority of Ontario cities with the most expensive car insurance premiums are in the Greater Toronto Area (GTA), with Brampton topping the list. Ontario has the highest auto insurance rates in the country, notes…