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auto insurance


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Are consumers warming to telematics?

August 28, 2018 by Jason Contant

A new survey for belairdirect has found more than half (53%) of polled Canadians would use an app that tracks their driving habits if it meant having a more personalized auto insurance rating. The finding contrasts recent industry comments and

News InsuranceLegal

When parents give their kids permission to drive: the limit to ‘implied consent’

August 24, 2018 by Greg Meckbach

An Ontario auto insurer went too far in arguing that a motorist gave her son – whose license was suspended – implied permission to drive her vehicle because she left the keys on a hook while she was out of

News InsuranceLegislation / Regulation

Tow referral fee rules ‘hard to monitor and enforce,’ insurer warns

August 23, 2018 by Greg Meckbach

Auto insurance providers should remind motorists that in the event of an accident, it is usually the driver – not the tow truck operator – who decides where the car gets towed. Motorists often don’t know what rights they have

News InsuranceLegal

Auto fraud getting worse, insurer says

August 21, 2018 by Greg Meckbach

Manitoba Public Insurance Corporation (MPI) is reporting an increase in auto insurance fraud, including false claims for income replacement benefits. “Disturbingly, the corporation’s special investigation unit is seeing an increase in fraudulent activity,” the province’s public auto insurer reported Friday.

News InsuranceLegislation / Regulation

Tories pledge to work with industry to lower Ontario auto rates

August 15, 2018 by Greg Meckbach

Ontario’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

News InsuranceLegislation / Regulation

How individual insurers have responded to challenges in Ontario auto

August 14, 2018 by Greg Meckbach

Despite 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

News InsuranceLegislation / Regulation

Public insurer proposes major shake-up to auto insurance rating model

August 9, 2018 by David Gambrill

The 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

News InsuranceLegislation / Regulation

Ontario PCs historically ‘very receptive’ to auto rate reform: Intact CEO

August 9, 2018 by Greg Meckbach

Ontario’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

News AssociationsInsuranceMarkets / Coverages

How Ontario’s new government needs to handle the auto file

August 6, 2018 by Jason Contant

Although 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

News Insurance

Ontario’s plans for auto insurance reform still under wraps

August 2, 2018 by Greg Meckbach

A 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

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

Aviva Canada’s plan to decrease its exposure in Ontario auto

August 2, 2018 by David Gambrill

Aviva 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

News InsuranceLegal

The danger of lying about gender for cheaper auto insurance

August 1, 2018 by Greg Meckbach

If 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