Topic Personal Auto
Water levels reach flood stage in New Brunswick
April 19, 2023 by The Canadian PressRising water levels from melting snow and warmer temperatures are starting to affect roads in parts of New Brunswick. New Brunswick’s River Watch officials say water levels in the lower Saint John River have reached flood stage, and they are…
M&A transactions see Canadian and U.S. brokerages expand nationally
April 13, 2023 by Alyssa DiSabatinoM&A activity this month has seen two major Canadian brokerages—Westland and Brokerlink—expanding their practices nationally, and one U.S.-based brokerage entering the Canadian market. B.C.-based Westland Insurance expanded its P&C practice with three acquisitions across Ontario, Alberta and Manitoba in April. …
How recent extreme weather compares to 1998 Quebec ice storm
April 12, 2023 by Jason ContantThe storm that struck Ontario and Quebec — leaving some Quebecers without power for more than a week — was large, but it was nothing compared to the infamous 1998 Quebec ice storm, industry professionals said. Catastrophe Indices and Quantification…
Why Canadian drivers are increasingly turning to UBI
April 11, 2023 by Jason ContantCanadian drivers are increasingly turning to usage-based insurance (UBI), particularly since the beginning of 2023, new data from rate aggregator RatesDotCa found. Quotes for UBI from the rate comparison site were up 18.22% year-over-year, RatesDotCa said Mar. 31. The data…
Auto sales in Canada rise for fifth straight month
April 6, 2023 by The Canadian PressTORONTO – DesRosiers Automotive Consultants Inc. says auto sales rose 3.7 per cent in March from a year earlier for a fifth month in a row of gains. The consultant says overall there were an estimated 146,000 light vehicle sales…
McDougall merges with 100-year-old brokerage
April 5, 2023 by Jason ContantMcDougall Insurance has merged with 100-year-old brokerage Rayburn Insurance Brokers Ltd., a fourth-generation family-owned business located in Tweed, Ont. Rayburn Insurance has been in business since 1922. The brokerage serves Tweed, Northbrook and surrounding areas, offering home, auto, commercial, farm,…
Can’t find defendants in auto liability cases? Don’t serve their insurers instead.
April 5, 2023 by David GambrillOntario’s Court of Appeal has laid down the law on trial lawyers habitually serving defendants’ auto liability insurers as a matter of course when they can’t find the defendants to serve notice of the lawsuit. Don’t do it. “As a…
Where Intact CEO sees the hard market heading in 2023
April 4, 2023 by Alyssa DiSabatinoEditor’s Note: This version corrects an earlier one in which it was suggested Intact CEO Charles Brindamour was predicting the beginning of a soft market cycle for the Canadian P&C industry, when in fact he was arguing the opposite (that…
Spouses don’t have to live under the same roof to qualify for family protection auto coverage
April 3, 2023 by David GambrillEditor’s Note: This article has been corrected to show that the Motor Vehicle Accident Claims Fund (MVACF) has a $200,000 maximum legal liability and not $250,000, as initially reported. Canadian Underwriter apologizes for the error. Spouses don’t have to…
The risk most Ontario drivers are taking
March 28, 2023 by Alyssa DiSabatinoMore than half of Ontario motorists (57%) believe distracted driving is the greatest threat to road safety, yet a quarter (24%) of Ontarians admit to distracted driving despite knowing its risks, a recent RatesDotCa survey reveals. Distracted driving ranks as…
Latest Supreme Court ruling may reduce liability risk due to impaired drivers
March 27, 2023 by David GambrillCanada’s top court has restored the impaired driving conviction of an Ontario ATV driver, whose Charter rights were violated when the police pulled him over on a shared private driveway instead of a public highway. The case is of interest…
Brokers, insurers respond to 2023 Ontario budget
March 24, 2023 by Jason ContantOntario’s broker association is glad to see auto insurance as well as enhancing Ontario’s emergency response remains on the provincial government’s agenda. In its 2023 Ontario Budget, the government said it will “continue to make progress on previous commitments, including…