Topic Personal Auto
Canada’s April vehicle sales up 254% from last year’s pandemic low
May 4, 2021 by The Canadian PressTORONTO – Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic. According to estimates compiled by DesRosiers Automotive…
Why insurers like Ontario’s plans to restrict tow trucks
April 29, 2021 by Greg MeckbachOntario tow truck operators will be prohibited from stopping within 200 metres of motor vehicle accidents unless they are specifically asked to do so by people involved in the collision. This is what will happen if Bill 282, the Moving…
Ontario introducing harsher penalties for speeding, stunt driving
April 27, 2021 by John Chidley-Hill - THE CANADIAN PRESSTORONTO – Ontario plans to increase penalties for speeding, stunt driving and other traffic violations, saying it has seen a spike in the offences since the pandemic hit. The government introduced legislation Monday that would, among other things, increase vehicle…
InsurTech North speaker: What may work for desktop may not work for mobile
April 23, 2021 by Greg MeckbachWhen it comes to shopping for insurance online, the consumer experience will vary across platforms, something that isn’t always discussed when the industry talks about digitizing its customer experience. The matter came up recently during ‘Key Touchpoints in the Customer…
Video-based telematics? Car subscription services? The future of auto insurance is already here
April 23, 2021 by Jason ContantIncreased use of video-based telematics in the commercial fleet space, as well as the evolution of car subscription services, are just two ways in which the Canadian insurance market could change over the next few years. Panellists discussed their predictions…
Federal budget contains ‘unexpected positive development’ for brokers re: Bank Act
April 23, 2021 by Greg MeckbachThis year’s federal budget could keep the restrictions, on banks selling home and auto insurance, for at least another four years. “There was an unexpected positive development in the budget for us,” Peter Braid, CEO of the Insurance Brokers Association…
COVID’s effect on Canadian auto and property rates
April 22, 2021 by Jason ContantEndorsements to auto policies as a result of changing driving habits from COVID-19 are resulting in average premium rate renewal decreases across most of the country, according to Applied Systems’ latest rating index report. Personal property rates, on the other…
Ontario judge urges legislature to deal with insurance fraud
April 22, 2021 by David GambrillAn Ontario judge has taken the rare approach in a sentencing decision to urge the provincial government to take steps to prevent future instances of insurance fraud. Ontario Court Justice David S. Rose made the obitur remarks in his written…
Appeal Court adds new twist to court battle over auto reforms
April 19, 2021 by David GambrillB.C.’s Court of Appeal has temporarily suspended parts of a recent decision by the B.C. Supreme Court, which found that it is unconstitutional for the province’s Civil Resolution Tribunal (CRT) to determine minor injuries and decide claims of up to…
Can insurtechs match the financial performance of traditional carriers?
April 19, 2021 by Greg MeckbachLemonade, Root and Metromile have a few things in common, and it’s not just their leading-edge technology. “Their performance has been consistently worse than those of their more traditional [insurance company] peers,” writes Joel Baker, CEO of MSA Research Inc.…
What’s driving the popularity of pay-as-you-go auto insurance
April 16, 2021 by Adam MalikPay-as-you go insurance demonstrates that auto insurance clients can’t be grouped into a one-size-fits-all solution, says an insurance company exec. CAA president Matthew Turack believes his company’s MyPace product, in which insurance coverage is based on distance driven, shows that…
Why mom is not liable for son’s traffic collision driving mom’s car
April 12, 2021 by Greg MeckbachWhen a parent says no to a child who wants to drive the car, and the parent does not leave the keys out in the open to be easily found, the child does not in fact have the parent’s consent…