Topic Personal Auto
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…
Intact loses court battle over voiding auto policy for misrepresentation
September 26, 2019 by Greg MeckbachIf an Ontario auto insurer discovers a client made a material misrepresentation or non-disclosure in its application, could the insurer treat the policy as invalid to begin with? Not now. Or at least, not if the fact situation is the…
Pot legalization not a good reason to raise auto rates: Regulator
March 26, 2019 by Greg MeckbachNova Scotia’s auto insurance regulator is not letting The Dominion of Canada General Insurance Company take marijuana legalization into account when calculating this year’s rate increases. The Dominion said in a rate change application that claims frequency will likely go…