Topic Personal Auto
Manitoba auto insurance rates to drop 10 per cent, pending regulator approval
June 17, 2020 by THE CANADIAN PRESSWINNIPEG – Manitoba drivers could soon be paying less for their vehicle insurance. Manitoba Public Insurance has applied for an average 10.5 per cent cut in overall rates, which it says would save the typical passenger vehicle owner about $130…
Road tests for certain types of driver licenses set to resume in B.C
June 10, 2020 by THE CANADIAN PRESSVANCOUVER – The Insurance Corporation of British Columbia is resuming on-road testing for commercial licences but drivers waiting for passenger vehicle tests must hold on a little longer. In line with B.C.’s COVID-19 restart plan, the corporation says commercial road…
Why Ontario auto liability coverage should get cheaper
June 9, 2020 by Greg MeckbachOntario auto insurers may have a hard time raising rates as much as they were before May 15; a major factor could be a controversial change to the dispute resolution process that took effect four years ago. New loss trend…
Customers not lauding insurers’ relief measures, but they aren’t shopping around either
June 8, 2020 by Greg MeckbachThe majority of Canadian motorists surveyed are not satisfied with the financial relief measures offered by their insurers, a recently-released Leger Marketing poll indicates. “What struck me as interesting was that although 52% said they were not satisfied, 40% [of…
Alberta imposing steep penalties but no charges on first time impaired drivers
June 5, 2020 by Dean Bennett - THE CANADIAN PRESSEDMONTON – Alberta has introduced legislation that would add hefty fines and penalties for first-time impaired drivers but would not have them face a criminal charge. Justice Minister Doug Schweitzer says the proposed change would reduce backlogs in courts and…
How telematics impacts auto insurer’s risk
May 29, 2020 by Greg MeckbachAuto clients who think they are paying too much should consider telematics, the co-founder of LowestRates.ca suggests. With telematics, or usage-based insurance, the client normally installs an app on their smart phone or hardware into their vehicle diagnostic port, the…
This ‘cardinal sin’ will increase your client’s auto insurance bill
May 26, 2020 by Greg MeckbachYoung male motorists can expect to pay more than women for auto coverage but the decisions your clients make have an even greater bearing on their insurance bill, the co-founder of LowestRates.ca suggests. “The cardinal sin is cancellation for non-payment,”…
Guns, drugs, cash seized in organized crime probe of Toronto area tow truck industry
May 26, 2020 by Liam Casey -THE CANADIAN PRESSVAUGHAN, Ont. – Four alleged organized criminal organizations that operated as rival tow truck companies involved in a violent battle for territory in the Toronto area have been dismantled, police said Tuesday. York regional police said the alleged crimes involved…
What surprises Intact about recent driving habits
May 11, 2020 by Greg MeckbachCanada’s largest property and casualty carrier observed a 50% drop after the middle of March in the distance driven by its auto clients, but the insurer’s usage-based telematics data suggest driving has started to pick up in recent weeks at…
B.C.’s move to no-fault
April 8, 2020 by Jason Contant, Online EditorWhat the province’s changes to auto insurance mean for drivers, brokers, and the legal system
What’s really behind Ontario auto rate increases
February 11, 2020 by Greg MeckbachAuto rates continue to climb in Ontario but the increase in frequency and severity of claims plays a big role, Insurance Bureau of Canada suggests. None of the 21 Ontario auto insurers who filed for rate changes during the last…
What Santa delivered to Ontario auto insurers
December 23, 2019 by Greg MeckbachSugar plums are likely dancing in the heads of at least some Ontario auto underwriters as a result of a series of developments over the past year. When the government released its budget this past April, it included a bunch…