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Intact CEO’s take on fear of auto rate cap contagion

February 23, 2024 by David Gambrill

Intact CEO Charles Brindamour does not anticipate Alberta’s auto rate cap will bleed over into Ontario’s private auto insurance sector. “There’s always a risk,” Brindamour told Mario Mendonca, managing director of equity research at TD Cowen, during a fireside chat

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News AnnouncementsBrokersMergers and Aqcuisitions

McDougall’s growth in Alberta proceeds apace

February 1, 2024 by David Gambrill

McDougall Insurance Brokers Ltd. announced Thursday it has merged with MHK Insurance Inc., a 110-year-old independent brokerage based in Alberta. MHK is a full-service brokerage offering home, auto, and commercial insurance products and services, specializing in more than 12 business

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News InsuranceLegislation / Regulation

New government commits to auto insurance reform

July 17, 2023 by David Gambrill

Alberta’s new UCP government has tasked its minister of finance, Nate Horner, to come up with options for auto insurance reform. Alberta Premier Danielle Smith sent a mandate letter to Horner dated July 13 instructing Horner to lead a review

Alberta oilsands
News Catastrophes

Federal and Alberta governments to study oilsands tailings leak communication

March 17, 2023 Bob Weber THE CANADIAN PRESS

EDMONTON — The Alberta and federal governments say they will work together to understand what happened around a nine-month delay in notifying the public about toxic seepage from an oilsands tailings pond. Alberta Environment Minister Sonya Savage and federal Environment

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News AssociationsClaimsCommercial LinesInsuranceMarkets / CoveragesTechnology

How telematics may help Alberta truckers’ rates

February 9, 2023 Philip Porado

With an eye toward improving driving habits, Facility Association (FA) announced the launch of a telematics program for truck drivers in Alberta, effective May 1, 2023. It said the program’s objective is to help drivers and operators correct poor driving

Provincial flag of Alberta
News BrokersCommercial LinesConstructionInsuranceLegislation / RegulationMarkets / CoveragesRisk

How an Alberta election may impact decisions on captive insurance

January 12, 2023 Philip Porado

Companies looking at the benefits of setting up an Alberta captive insurance company appear to be taking a ‘wait-and-see approach’ with respect to tax treatment. At the moment, the province’s tax authorities have indicated captives will be treated the same

elevated view of two cars in an accident. Bottom left car is flipped over, while the top right car is damaged badly in the front hood.
News BrokersClaimsInsurance

Update on how Canada’s newest DCPD regime is doing

May 30, 2022 by Alyssa DiSabatino

Alberta’s transition toward the Direct Compensation for Property Damage (DCPD) framework has been quite seamless for insurers and personal auto policyholders for the most part, says one industry expert, although some commercial vehicle operators who don’t want to pay for

News Insurance

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

Feature CatastrophesClaimsClaims CanadaReinsurance

Mother Nature’s wrath

December 7, 2020 Derek Clouthier

Alberta continues to endure the most expensive insured weather events in Canada.  What’s happening and what can be done about it?

News InsuranceLegislation / RegulationTechnology

Why insurers incurred penalties for over-charging Alberta auto clients

October 2, 2020 by Greg Meckbach

Programming errors are cited as the culprit for why some Alberta auto clients have been charged higher rates than those approved by the Automobile Insurance Rate board. Six auto insurers (ultimately owned by Economical, TD Bank and Intact) had to

News InsuranceLegislation / Regulation

What happens in Alberta when auto insurers are not comfortable with their profitability

September 23, 2020 by Greg Meckbach

The Alberta auto insurance industry is still suffering “hangover” from a 5% cap on rate increases that was abolished more than a year ago, with many insurers not looking for new business, suggests the co-founder of LowestRates.ca. Data released Tuesday

News Insurance

P&C insurers can handle severe weather events, but for how long?

July 27, 2020 by Adam Malik

Canadian property and casualty insurers should be able to manage well financially for the time being, despite currently dealing with a pandemic and the fourth-most expensive natural catastrophe in the country’s history, says global credit rating agency DBRS Morningstar. However,