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auto insurance

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Insurer owes $234K in priority dispute when “named insured” is not the actual car owner

June 22, 2018 by David Gambrill

Ontario’s Motor Vehicle Fund has recovered $234,574 in a priority dispute arising when GAN Canada Insurance (since acquired by Aviva Traders) sent a policy termination notice in 2001 to a named insured who was not the owner of the car

News ClaimsInsuranceMarkets / Coverages

Is the sun setting on auto insurance in Canada?

June 20, 2018 by David Gambrill

Is the sun setting on auto insurance as a dominant line of business in Canada? Property lines premium is catching up to auto insurance premiums, causing many to predict that auto insurance will recede in the rearview mirror over the

News InsuranceTechnology

Intact reports ‘world of difference’ with telematics

June 20, 2018 by Greg Meckbach

Hard numbers showing the impact of telematics remain elusive, but Canada’s largest property and casualty insurer says the technology does separate the good risks from the bad. Telematics is a vehicle diagnosis technology that collects data such as distance travelled,

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Is the slow pace of regulatory change putting the industry at risk?

June 19, 2018 by Jason Contant

The insurance industry is at risk if regulators don’t recognize that consumer expectations are changing and allow consumers the choice of receiving their policy documents electronically, the president and chief executive officer of the Centre for Study of Insurance Operations

News ClaimsInsuranceTechnology

The untapped potential of telematics in auto claims

June 12, 2018 by Greg Meckbach

Telematics, which records data on vehicle behaviour, is used now mainly for underwriting, but the technology can also provide a treasure trove of information for claims adjusters, one vendor suggests. Auto insurance claims adjusters could potentially use telematics to determine

News Legal

Good news from Supreme Court for auto liability insurers

June 10, 2018 by Greg Meckbach

An auto bodily injury ruling described as favourable to insurers is now officially in the books, as the Supreme Court of Canada rejected leave to appeal Thursday. The initial Court of Appeal for Ontario ruling, which now stands, was “very

News InsuranceTechnology

Ontario Election 2018: Trailing Liberals promise auto insurance discounts

June 4, 2018 by Greg Meckbach

Polls show the Ontario Liberals will not likely govern the province after the election this Thursday but, for what it’s worth, a vote for Liberal candidates is a vote for insurance discounts for motorists who use apps intended to discourage

News Insurance

If politicians get rid of territorial ratings, then what?

June 3, 2018 by David Gambrill

Ontario’s political parties have all expressed a desire at some point this year to eliminate territory as a rating factor for insurance premium, but none of the parties have been clear about how they would actually do it, an insurance

News ClaimsInsuranceMarkets / Coverages

Devious ways your clients are trying to get better auto rates

May 30, 2018 by Greg Meckbach

Territorial ratings have prompted some Ontario motorists to lie about where they live on their applications in order to get a lower auto insurance rate, so brokers need to caution clients on the importance of telling the truth, a local

News InsuranceLegal

Judges divided on how claimants prove involvement of unknown vehicles

May 29, 2018 by Greg Meckbach

The Court of Appeal of Alberta has ruled that motorists who claim to be hit by unidentified vehicles must prove that there was “physical contact,” and produce some kind of corroborating evidence of the involvement of an unknown vehicle. The

News ClaimsInsuranceLegalMarkets / Coverages

This percentage of consumers believe auto insurance fraud is an “accepted practice”

May 28, 2018 by Jason Contant

Nearly half of customers polled for an Insurance Corporation of British Columbia (ICBC) survey believed that committing auto insurance fraud is an “accepted practice” in B.C., with most saying that claims contain an “element” of fraud. The survey of 1,373

News ClaimsInsuranceMarkets / Coverages

Winter tires cut auto insurance claims frequency: CAA

May 28, 2018 by Greg Meckbach

Winter tires reduce the frequency of auto insurance claims, the head of the Canadian Automobile Association’s Ontario auto insurer suggested Wednesday. “Claims are reduced when people have winter tires on their cars, especially driving in climates like we have in