Topic Personal Auto
How COVID has influenced usage-based auto insurance adoption
March 19, 2021 by Greg MeckbachMotorists who are driving fewer kilometres than they were before the pandemic are more likely to select usage-based auto insurance, Intact Financial Corp. observes. “COVID has pushed consumers to recognize that maybe UBI would be a tool that will immediately…
Opinion: This is where insurance companies need to look to be ready for tomorrow’s customers
March 18, 2021 by Anthony Grosso, EISThe acceleration of digital transformation in the pandemic era means insurance companies need to evolve, and that starts with reimagining your core technology systems. Over the insurance industry’s long history, a key hallmark has been its promise of peace-of-mind, trust…
RSA Canada approved for credit scoring in auto
March 16, 2021 by David GambrillNova Scotia’s insurance regulator has approved RSA Canada’s proposed introduction of a “Quality Rating Factor” (QRF), which uses credit scoring for rating auto insurance. RSA Canada’s proposed QRF, obtained with the client’s consent, will only apply to writing new auto…
Ford recalling 275,000 vehicles in Canada over airbag deficiencies and tires
March 15, 2021 by The Canadian PressDEARBORN, Mich. – Ford Motor Co. has issued two safety recalls involving more than 2.6 million vehicles in North America, including nearly 275,000 in Canada, mainly over airbag problems. One recall involves Takata driver-side front airbags for 2006-12 Ford Fusion,…
Auto claims alert: It’s Daylight Savings Time again
March 12, 2021 by Jason ContantDespite a big increase in road injuries and fatalities following the switch to Daylight Savings Time (DST), 40% of Canadians are unaware of the risks on the road the day after DST begins, according to a new survey commissioned by…
What’s behind reduced auto risk sharing pool usage
March 11, 2021 by Adam MalikThe use of risk sharing pools for private passenger auto insurance in Ontario and Alberta dropped last year, according to Facility Association. And when it came to the overall usage of risk sharing pools across the country, there was a…
What insurers aren’t passing on to their clients
March 9, 2021 by Adam MalikCanadian consumers are still foggy about the purpose and content of their home, auto and business insurance, and the onus is on the industry to help them understand, a pair of industry executives said during a recent webinar. Discussions with…
Why dirt bike accident victim can get Ontario auto accident benefits
March 6, 2021 by Greg MeckbachAn Ontario claimant who suffered a severely disabling injury after falling off his dirt bike during a competition is entitled to accident benefits under his auto policy. This is the result of Beaudin v. Travelers Insurance Company of Canada, released…
Why auto rates are increasing despite fewer drivers on the road
March 6, 2021 by Jason ContantAverage auto insurance rates rose in Canada during the second half of 2020 despite the COVID-19 pandemic and lockdowns that led to fewer drivers on the road, a new report from LowestRates.ca found. The average auto insurance premium climbed by…
Aviva reacts to new Ontario towing restrictions
March 3, 2021 by Greg MeckbachAviva Canada is supporting new provincial towing restrictions on some Toronto area provincial expressways. On some sections of road, a single towing company will be contracted to remove private passenger vehicles that need to be towed, the Ontario government announced…
How the pandemic made for better strategic planning
March 3, 2021 by Adam MalikThe COVID-19 pandemic forced one insurance association to change how they typically map out their future. The result ended up being a product they believe is better than something that would have been produced in normal times. For many, planning…
February auto sales down 10% from year ago due to lockdowns and supply chain disruptions
March 3, 2021 by The Canadian PressTORONTO – Canadian auto sales in February were down nearly 10 per cent compared with February 2020, the last full month before the lockdowns began due to the COVID-19 pandemic. According to estimates compiled by DesRosiers Automotive Consultants auto sales…