Keyword
auto insurance
Tories pledge to work with industry to lower Ontario auto rates
August 15, 2018 by Greg MeckbachOntario’s new finance minister is promising to work with industry to reduce auto insurance rates, but does not want the as-yet-unspecified plan to be a mere “photo opportunity.” Rates have increased for three consecutive quarters, despite several measures over the…
How individual insurers have responded to challenges in Ontario auto
August 14, 2018 by Greg MeckbachDespite a consensus in the industry that auto insurance rates are inadequate in Ontario, not all insurers are trying to diversify their business to reduce their exposure to this particular line. The Co-operators Group Ltd. “does not intend to reduce…
Public insurer proposes major shake-up to auto insurance rating model
August 9, 2018 by David GambrillThe Insurance Corporation of B.C. is proposing a significant shake-up of its auto insurance rating system, introducing a “fair rate” system that would have higher-risk drivers paying higher premiums than lower-risk drivers. “We want to make Basic insurance premiums more…
Ontario PCs historically ‘very receptive’ to auto rate reform: Intact CEO
August 9, 2018 by Greg MeckbachOntario’s newly-elected government has been silent on auto insurance reform, but the head of Canada’s largest property and casualty insurance carrier is encouraged by the Progressive Conservative Party’s historical leaning towards loosening rate regulation. The Progressive Conservative Party was returned…
How Ontario’s new government needs to handle the auto file
August 6, 2018 by Jason ContantAlthough Ontario’s new Progressive Conservative government has not publicly disclosed its plans for auto insurance reform, the industry’s trade association has some thoughts on where it should go. Pete Karageorgos, director of consumer and industry relations with Insurance Bureau of…
Ontario’s plans for auto insurance reform still under wraps
August 2, 2018 by Greg MeckbachA month after being sworn into office, Ontario’s new political rulers have been silent on the issue of auto insurance reform. “We haven’t heard anything formal yet from government,” confirmed Pete Karageorgos, the director of consumer and industry relations for…
Aviva Canada’s plan to decrease its exposure in Ontario auto
August 2, 2018 by David GambrillAviva Canada is diversifying its portfolio of business to avoid exposure to deteriorating conditions in Ontario’s auto insurance market. “When you look at Aviva’s business in Canada, there’s a heavy concentration in Ontario auto,” Aviva Canada president and CEO Colm…
The danger of lying about gender for cheaper auto insurance
August 1, 2018 by Greg MeckbachIf a young male motorist is thinking of telling his insurer he is female for the sole purpose of getting a lower rate, there is some simple advice a broker can give: Don’t do it. This is because a motorist’s…
Where private auto insurance rates are rising the fastest in Canada
July 31, 2018 by Jason ContantOntario’s premium rates are rising the fastest among Canada’s private passenger auto insurance regimes, according to the Q2 2018 Auto Insurance Price Index from LowestRates.ca. A measure of only private passenger auto insurance regimes in Canada, the index from the…
What your hospitality clients need to know about their liability limits
July 29, 2018 by Jason ContantIn the restaurant and bar business, those serving alcohol are trained to recognize the symptoms of intoxication to prevent an “overservice” problem, and subsequent liability to the business. But what happens when a customer has been drinking in multiple establishments before…
Will telematics make territory-based rating a thing of the past?
July 24, 2018 by Greg MeckbachThe use of telematics in pricing auto insurance is going to become more “prevalent,” and a major property and casualty insurer is trying to use the technology to get a better idea of driver risk, speakers said during a recent…
Cop cuts deal with driver over fake insurance offence
July 24, 2018 The Canadian PressVANCOUVER – A Delta, B.C., police officer who ticketed drivers for offences that didn’t happen has won a review of the suspension and demotion proposed by the province’s police complaint commissioner. Const. Byron Ritchie was seeking a public hearing after…