Topic Personal Auto
Flash storm hits same areas of Toronto as in 2013 Cat event. Was the damage the same?
July 9, 2020 by Adam MalikToronto is drying out from another sudden thunderstorm, but claims professionals may have dodged an even bigger workload thanks to the storm quickly moving out. “We’ve seen worse,” Glenn McGillivray, managing director at the Institute for Catastrophic Loss Reduction (ICLR),…
Auto insurers, province dispute whether B.C.’s Bill 11 limits competition
July 9, 2020 by David GambrillThe Insurance Bureau of Canada (IBC) has published an open letter to British Columbia Premier John Horgan, outlining concerns that the province’s Bill 11 may “stifle the limited competition that currently exists in BC’s optional auto insurance market,” a claim…
Where Calgary’s $1.2-billion hailstorm ranks among Canada’s largest insured disasters
July 8, 2020 by David GambrillThe June 13 Alberta storm that hit Calgary, Airdrie, Rocky View County is now officially the worst hailstorm in Canadian history, causing almost $1.2 billion in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). And on the all-time…
P&C leaders fire back against no-fault portrayal
July 7, 2020 by Adam MalikBroker and insurer leaders in Alberta are speaking out against those who would paint the insurance industry as nefarious actors looking to line their pockets at the expense of auto policyholders. In particular, they dispute what they feel are negative…
How an insurer in an “underinsured” auto case reduced its exposure by more than $452K
July 7, 2020 by David GambrillAn Ontario auto insurer in an underinsured accident case is entitled to make a subrogated claim against a third party – in this case, a bartender who was found 11% responsible for a fatal car crash — even though its…
Briefing Note: Ontario
July 6, 2020 by Canadian Underwriter StaffAuto reform has been the province’s biggest concern over the past year, says Colin Simpson, CEO of the Insurance Brokers Association of Ontario. “Inflation on physical damage has been reported to be about 6% to 7% a year,” he says.…
How many of your low-mileage drivers are shopping around for a better deal?
July 6, 2020 by Greg MeckbachOne impact of the pandemic has been a large spike in customers who are shopping around for a better deal because they are not driving very much, LowestRates.ca reports. “Consumers don’t understand why different insurance companies are reacting differently to…
A new regime for tow truck regulations? What auto insurers want to see
July 2, 2020 by David GambrillAuto insurers are applauding Ontario’s creation of a new government task force to improve provincial oversight of the tow truck industry, citing the possibility of reducing insurance fraud and associated premium reductions for consumers. “IBC applauds the Ontario government for…
Why the risk for small car drivers is growing
July 2, 2020 by Adam MalikSmall cars may be even more dangerous to drive these days just because they are sharing the road with an increasing number of larger vehicles, which have dominated new auto sales in recent years. The Insurance Institute of Highway Safety…
How a property owner can be liable when a motorcycle hits a wayward donkey
July 2, 2020 by Greg MeckbachA Supreme Court of Canada decision released Thursday means a construction materials supplier is partly liable for injuries suffered by a motorcyclist who collided with a donkey that escaped from a rural property. In 2009, Amir Youssef was riding his…
How IBC would change auto insurance regulation in four provinces
June 26, 2020 by Greg MeckbachMotorists in Ontario, Alberta, Nova Scotia and Newfoundland and Labrador should be allowed to buy pay-per mile insurance, an Insurance Bureau of Canada official says. Those four provinces already allow usage-based insurance, wrote Ryan Stein, IBC’s executive director of auto…
How this motorist missed out on his senior’s discount
June 24, 2020 by Greg MeckbachWhen a British Columbia motorist turned 65 in 2017, he did not immediately get the senior rate class discount, so he tried to sue the public auto insurer for a refund. But the province’s Civil Resolution Tribunal ruled in favour…