Canadian Underwriter

Topic Personal Auto

Much money and a motorcycle.
News ClaimsInsurersLegalPersonal Auto

Innocent victim of insurance fraud? Why a tribunal found otherwise….

March 25, 2024 by David Gambrill

An injured motorcyclist claiming he was the innocent victim of fraud had the wherewithal to know he was not carrying valid insurance, thus disqualifying him from receiving accident benefits, the Ontario Licence Appeal Tribunal (LAT) ruled Thursday. The tribunal said

A heavy snowfall sweeps through the province of British Columbia
News AdjustersAlbertaB.C.BrokersCatastrophesClaimsClaims ProfessionalsEmerging RisksEnvironmentalInsurersLoss TrendsOntarioPersonal AutoPersonal Home

How Canada’s winter weather predicts 2024 Cat claims

March 21, 2024 by Alyssa DiSabatino

This winter clocked in as Canada’s warmest winter ever, and adjusters are already sounding the alarm that a winter with no or little snow could mean more wildfire claims over the rest of the year. Snowpack in winter is one

Car insurance and warranty product
News InsurersOntarioPersonal AutoTechnology

Partnership combines auto insurance, used car warranty products

March 20, 2024 by Jason Contant

Online insurance comparison platform HelloSafe has announced a strategic partnership with GuardTree Inc., which calls itself Canada’s first monthly subscription-based used car warranty product. The partnership allows Ontario drivers to compare a wide range of auto insurance guarantee options through

Person handing a stack of money toward the camera as a form of insurance salaries
News AlbertaB.C.BrokersCommercialCommercial AutoInsurersManitobaOntarioPersonal AutoPersonal HomeQuebecSaskatchewan

What commercial and personal lines brokers make in 2024

March 18, 2024 by Alyssa DiSabatino

Across the country, commercial lines P&C broker executives and commercial lines team leads make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows.  The second iteration of Impact’s annual Insurance Salary Guide shows base pay

Rideshare driver calls his insurance company after a minor accident
News BrokersClaimsCommercial AutoEmerging RisksLoss TrendsPersonal Auto

Brokers: how to advise rideshare drivers on their deductibles

March 15, 2024 by Philip Porado

Drivers working for rideshare and delivery companies must be careful when setting deductibles on personal auto coverage. And they need to make sure their personal insurers know they’re doing rideshare work and carry the appropriate endorsements. A lot of drivers

Justice and law symbol statue
News ClaimsLegalOntarioPersonal Auto

Top court clarifies standard for judicial review of LAT decisions

March 15, 2024 by David Gambrill

Canada’s top court has kicked an auto accident benefits dispute back to the Ontario Licence Appeal Tribunal, effectively confirming courts have discretion to review decisions from the LAT, even if claimants only have a limited right to appeal LAT decisions.

News BrokersInsurersPersonal Auto

Why your clients may want to change their auto coverage now

March 11, 2024 by Alyssa DiSabatino

There’s a 37% chance your clients are making changes to their driving routines, and that means they may need to update their auto coverage, according to a recent survey by RatesDotCa.   Canadians who are planning to make changes to

Discussing financial results
News ClaimsClaims Canada ArchiveInsurersLegalLoss ControlLoss TrendsOntarioPersonal AutoPersonal HomeTechnology

How Aviva Canada is handling personal lines’ pressures

March 8, 2024 by Jason Contant

Aviva Canada’s overall combined ratio for 2023 stood at 95.3% (undiscounted) but there was a difference between the year-end combined ratios for personal versus commercial lines.  The insurer’s personal lines combined ratio (COR) last year came in at 99.5%, up

Aviva Canada's 2023 financial results
News AlbertaCatastrophesClaimsClaims Canada ArchiveCommercialInsurersLoss TrendsManagementOntarioOperationsPersonal AutoPersonal HomeSupply Chain

How Aviva Canada fared in 2023

March 7, 2024 by Jason Contant

Aviva Canada ended 2023 with an undiscounted combined operating ratio (COR) of 95.3% and double-digit growth in gross written premiums, despite challenging market conditions that included increased weather-related losses and heightened auto theft.  The undiscounted ratio for 2023 was up

A person's hand breaking the window of a vehicle for the purpose of auto theft
News BrokersClaimsPersonal Auto

How auto theft, inflation and vehicle complexity boost claims costs

March 6, 2024 by Philip Porado

Late last year, Toronto’s police department wrapped an auto theft intervention, codenamed Project Stallion, that recovered 1,080 vehicles stolen citywide with a combined value of $59 million. That works out to just shy of $55,000 per vehicle. Auto theft is

Car insurance application
News BrokersOntarioPersonal AutoRisk Managers

FSRA’s plans for auto coverage regulation

March 5, 2024 by Philip Porado

Ontario’s auto insurers shouldn’t expect changes to the ‘take all comers’ or Unfair or Deceptive Practices Act rules, Michelle Dodokin, head of auto insurance supervision at Ontario’s Financial Services Regulatory Authority (FSRA), told a breakout session at Monday’s 2024 FSRA

Quebecers will soon be able to opt for an 'X' gender marker.
News ClaimsClaims Canada ArchiveEmerging RisksLegalPersonal AutoQuebec

Quebec to offer ‘X’ gender option for health cards, driver’s licences

March 5, 2024 by Morgan Lowrie – The Canadian Press

Quebecers who do not identify as male or female will soon be able to opt for an ‘X’ gender marker on their health cards and driver’s licences. Both Quebec’s automobile insurance board and its public health insurance board confirmed Monday