Keyword
auto insurance
How much of a cost decrease will get your clients to switch carriers?
January 18, 2019 by Jason ContantMore than half (56%) of polled Canadians would switch insurance providers for a savings of $150 or more, according to a new survey from Kanetix.ca, an online comparison site for insurance rates. Almost the same percentage (57%) of the 812…
Alberta auto cap leading to broker-carrier contract cancellations
January 14, 2019 by Greg MeckbachAlberta’s ceiling on auto rate increases is causing some brokers to lose their contracts with carriers. In Alberta, as a general rule carriers may not hike rates by more than 5% across their book of business. “It has resulted in…
What small business owners think of private auto insurance in B.C.
December 11, 2018 by Jason ContantAs debate rages on in British Columbia over public versus private ridesharing insurance options, the Canadian Federation of Independent Business (CFIB) has released new survey results that show nearly three of four small business owners support private auto insurance. CFIB…
Insurer pushing for new auto fraud laws
December 5, 2018 by Greg MeckbachA major insurer is calling for new laws prohibiting various forms of auto insurance fraud in Ontario. “As an industry we need a new set of provincial offences that will allow for the efficient and effective prosecution of fraud,” said…
Brokers, do your auto insurers cover HST on capped benefits?
November 14, 2018 by Greg MeckbachBrokers placing Ontario auto coverage should ask insurers whether they are including sales tax when they calculate caps on benefits, a lawyer told Canadian Underwriter Tuesday. Ontario consumers must pay 13% Harmonized Sales Tax on many goods and services. Some…
Legislature defeats bill quashing territorial ratings in Toronto area
November 5, 2018 by Greg MeckbachIf you have clients living in Brampton or near the intersection of Jane St. and Finch Ave., they will probably continue paying more for auto insurance than if they lived elsewhere in the Greater Toronto Area. A bill proposing to…
Raise auto accident benefits: Ontario politician
October 31, 2018 by Greg MeckbachThe cuts to mandatory auto accident benefits made in 2010 and 2016 need a second look, says Ontario’s opposition auto insurance critic. “It’s something we need to re-examine,” Gurratan Singh, the New Democratic Party’s auto insurance critic, said Wednesday in…
Why this 1996 auto accident benefits claim has not been resolved
October 31, 2018 by Greg MeckbachAn accident benefits claimant who a designated assessment centre concluded 22 years ago was not disabled still has a chance to claim income replacement benefits, Ontario’s Divisional Court has ruled. Dharam Sidhu was involved in a traffic accident in 1996. He…
Motor vehicles that might lack adequate insurance
October 30, 2018 by Greg MeckbachHome insurance clients might lack sufficient insurance if they own golf carts or all-terrain vehicles, an insurance lawyer warns. “Someone might be driving a golf cart that they own privately, in a gated community, and they might not have any…
Regulation suppressing required auto insurance rate increases
September 6, 2018 by Greg MeckbachSome Canadian auto insurers would hike rates even further if provincial bureaucrats would let them, a New Jersey-based analyst said Wednesday at A.M. Best’s 2018 Insurance Market Briefing-Canada in Toronto. In a recent report, A.M. Best Company Inc. warned of…
Ontario auto insurer’s examiner gets day in court
September 5, 2018 by Greg MeckbachLast week’s court ruling against a prominent personal injury lawyer could give Ontario auto insurers’ medical examiners recourse if those doctors feel their conduct has been publicly maligned. Dr. Howard Platnick is a Toronto physician who does medical examinations for…
Insurer CEO to personally visit FSCO asking for higher rates
August 30, 2018 by Greg MeckbachThe newly-elected Ontario government should let carriers change their rates without approval from the Financial Services Commission of Ontario, the president of a mutual that writes auto contends. It “makes sense” to require insurers to file rates with FSCO “but…