Canadian Underwriter

Topic Personal Auto

News InsurersLoss TrendsOperationsPersonal AutoTechnology

How COVID has influenced usage-based auto insurance adoption

March 19, 2021 by Greg Meckbach

Motorists 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

News CommercialCommercial AutoInsurersPersonal AutoPersonal HomePropertyTechnology

Opinion: This is where insurance companies need to look to be ready for tomorrow’s customers 

March 18, 2021 by Anthony Grosso, EIS

The 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

News BrokersInsurersNova ScotiaPersonal Auto

RSA Canada approved for credit scoring in auto

March 16, 2021 by David Gambrill

Nova 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

News LiabilityPersonal Auto

Ford recalling 275,000 vehicles in Canada over airbag deficiencies and tires

March 15, 2021 by The Canadian Press

DEARBORN, 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,

News ClaimsEmerging RisksInsurersPersonal Auto

Auto claims alert: It’s Daylight Savings Time again

March 12, 2021 by Jason Contant

Despite 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

News AlbertaBrokersCommercial AutoInsurersOntarioPersonal Auto

What’s behind reduced auto risk sharing pool usage

March 11, 2021 by Adam Malik

The 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

News BrokersClaimsCommercialEmerging RisksInsurersOperationsPersonal AutoPersonal Home

What insurers aren’t passing on to their clients

March 9, 2021 by Adam Malik

Canadian 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

News AdjustersClaimsClaims Canada ArchiveLegalOntarioPersonal Auto

Why dirt bike accident victim can get Ontario auto accident benefits

March 6, 2021 by Greg Meckbach

An 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

News AlbertaClaimsInsurersNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal Auto

Why auto rates are increasing despite fewer drivers on the road

March 6, 2021 by Jason Contant

Average 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

News ClaimsClaims Canada ArchiveLegalOntarioPersonal Auto

Aviva reacts to new Ontario towing restrictions

March 3, 2021 by Greg Meckbach

Aviva 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

News Commercial AutoInsurersOperationsPersonal Auto

How the pandemic made for better strategic planning

March 3, 2021 by Adam Malik

The 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

News Personal AutoSupply Chain

February auto sales down 10% from year ago due to lockdowns and supply chain disruptions

March 3, 2021 by The Canadian Press

TORONTO – 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