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auto insurance
B.C. applying for stay in court ruling on auto injury claims: Attorney General
April 6, 2021 The Canadian PressVICTORIA – British Columbia is applying for a partial stay in a recent B.C. Supreme Court ruling about jurisdiction over motor vehicle injury disputes, pending its appeal of the same decision, Attorney General David Eby said this week. The March…
Why now is a good time to press for auto reform
March 31, 2021 by David GambrillElected officials in Canada have an opportunity to fix underlying issues in the auto insurance product now that the pandemic has temporarily suppressed insurance companies’ auto loss ratios, says the head of Canada’s association for home, car and business insurers.…
What could happen to your jury notice under rules of simplified procedure during COVID
March 18, 2021 by David GambrillIf an insurer consents to defend a client’s auto liability claim under an Ontario court’s rules of simplified procedure, then that client could lose their option for a jury trial — especially when the pandemic causes delays in forming a…
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…
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…
Public auto insurer to issue pandemic rebate cheques
February 26, 2021 by Jason ContantSaskatchewan Government Insurance (SGI) is the latest public auto insurer to announce customer rebates for drivers resulting from the ongoing COVID-19 pandemic. Both Manitoba Public Insurance (MPI) and the Insurance Corporation of British Columbia (ICBC) announced rebates in January and…
Regulator allows Co-operators to use credit score for rating auto
February 9, 2021 by David GambrillFollowing in Aviva Canada’s footsteps, Co-operators General Insurance Company has received approval from the Nova Scotia auto insurance regulator to use credit scoring as a rating factor to help price auto insurance rates for private passenger vehicles. “The company proposed…
Where auto insurance rate could go this year
January 11, 2021 by Adam MalikAuto insurance rates on the whole have softened thanks to the COVID-19 pandemic. But as vaccines offer a glimmer of hope of a return to something resembling pre-crisis normal, it’s up in the air as to what will happen to…
Will Alberta move to a pure no-fault auto insurance system?
November 23, 2020 by Jason ContantAn Alberta auto insurance advisory committee has recommended the province move to a pure no-fault system delivered by private insurers, a change that the Insurance Bureau of Canada (IBC) does not feel would be in the best interest of drivers.…
Will changes to Alberta auto reduce insurers’ claims costs?
November 20, 2020 by Jason ContantProposed changes to auto insurance regulations in Alberta and new Orders in Council should help reduce claims costs for insurers, Insurance Bureau of Canada (IBC) told Canadian Underwriter Thursday. Bill 41, the Insurance (Enhancing Driver Affordability and Care) Amendment Act,…
How directs may gain the edge when drivers purchase a car
October 13, 2020 by Adam MalikInsurers need to form stronger bonds with various ancillary organizations involved in a car purchase, so that insurance isn’t the last thing on a consumer’s mind at the end of the deal, says an industry consultant. But in seeking out…
Broker lands in hot water after a man receives a surprise gift from his father-in-law
September 29, 2020 by David GambrillA B.C. broker received a $1,000 fine and was ordered to complete a course in auto insurance for her role in trying to help a man purchase a car for his son-in-law. The provincial broker regulator found that the broker,…