Keyword
auto insurance
Onlia names two new executives
January 28, 2022 Canadian Underwriter StaffDigital auto and home insurance provider Onlia appointed Lambert Morvan as its new CEO and named Fleur Dujardin president effective Jan. 1, the company said. The two executives succeed Pieter Louter, who started the company. Louter is returning to Achmea in the Netherlands. “We…
How this regulator is approaching the ‘take-all-comers’ auto insurance rule
January 28, 2022 by Jason ContantThe Financial Services Regulatory Authority of Ontario (FSRA) is actively supervising insurers on its “take-all-comers” guidance. “We’re requiring them to review their practices. We’re requiring them to report on this review later in [2022], and to establish remediation plans for…
Most expensive place to insure your car in Ontario
January 25, 2022 by Jason ContantVaughan, Ont., has replaced Brampton as the most expensive city in Ontario for car insurance in 2021, according to a new report from rate comparison site Ratesdotca. With estimated annual insurance premiums of $2,179, Vaughan is now the costliest city…
Canada’s top court weighs in on HST case concerning accident benefits
January 24, 2022 by David GambrillClaimants who sought a settlement with insurers over HST being deducted from their accident benefits have lost their bid to have their claims certified as class actions. The Supreme Court of Canada rejected leave to appeal the case on Jan.…
Car owners score poorly on auto insurance quiz
January 20, 2022 Canadian Underwriter StaffCanadians who have auto insurance really need to re-read the fine print on their policies, a recent survey found. A poll of more than 1,300 auto policy holders, conducted by rate comparison site Ratehub.ca, focused on 10 common misconceptions around…
Why UBI will survive the pandemic
January 19, 2022 Canadian Underwriter StaffIt’s been a hit and miss for Usage-Based Insurance (UBI) in Canada since it was first introduced about a decade ago, but brokers believe it will survive well past the pandemic-induced uptake of the past two years. “It’s going to…
Court favours insurer in case that differentiates between leasing and financing
January 14, 2022 by David GambrillB.C.’s public insurer is off the hook to pay for vandalism damage done to a car that was jointly owned by the driver and his finance company, because the arrangement between the two car owners was not a true lease.…
Court gets tough in $10-million “emotional distress” case
January 12, 2022 by David GambrillCanadian courts are starting to get tough on potentially vexatious claimants, including insurance claimants, as seen in a Jan. 7 decision by the Court of Queen’s Bench in Alberta. In Sun v. Allwest Insurance Services, the Alberta court referred to…
Auto insurer issues third COVID rebate
January 11, 2022 by Jason ContantManitoba Public Insurance (MPI) is issuing its third COVID-19 auto insurance rebate in less than two years. The latest rebate totalling $312 million equals about $328 on an average private passenger policy, MPI said in a press release Dec. 30,…
Appeal Court overturns $350K bad faith award against public insurer
January 5, 2022 by David GambrillManitoba’s Court of Appeal has overturned a $348,000 damage award against the province’s auto insurer, finding that the insurer did in fact act in good faith towards a person injured in a collision involving an uninsured auto. In making its…
Talk to home and auto clients about changes that may affect premiums
December 23, 2021 Brooke SmithCanadians getting ready to ring in 2022 probably aren’t thinking about insurance coverage. Clients are required to alert brokers to any changes that might impact their coverage throughout a policy period — regardless of the renewal date, said Anthea McFarland,…
More than half of polled Canadians keep their auto insurer for five years or longer
November 24, 2021 Philip PoradoA whopping 84% of Canadians have stayed with their auto insurer for two or more years and 58% have remained with the same company for more than five years, according to a Ratehub survey. What’s more 23% said they’ve stayed…