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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

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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

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Where private auto insurance rates are rising the fastest in Canada

July 31, 2018 by Jason Contant

Ontario’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

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What your hospitality clients need to know about their liability limits

July 29, 2018 by Jason Contant

In 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

News InsuranceTechnology

Will telematics make territory-based rating a thing of the past?

July 24, 2018 by Greg Meckbach

The 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

News InsuranceLegal

Cop cuts deal with driver over fake insurance offence

July 24, 2018 The Canadian Press

VANCOUVER – 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

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

The preferred way to transfer risk of automated cars: Travelers

July 22, 2018 by Jason Contant

The public policy division of Travelers is recommending that a “clear risk transfer mechanism” be in place to adapt auto insurance for autonomous vehicles. “While there has not been widespread attention paid to how liability and compensation will be addressed as

News InsuranceTechnology

Winter tire claims statistics took biggest insurer by surprise

July 22, 2018 by Greg Meckbach

When Intact started giving discounts on auto insurance to people with winter tires, the result appeared to be counter-intuitive. Motorists insured by Intact who reported having winter tires installed “were having worse loss ratios” than those driving in the winter

News Earnings / RatingsInsuranceMarkets / Coverages

Where Canadian drivers pay the most (and least) for auto insurance

July 19, 2018 by Jason Contant

When it comes to auto insurance premiums in Canada, drivers in British Columbia pay the most, followed by Ontario, data supplied by Insurance Bureau of Canada (IBC) revealed Wednesday. In B.C. last year, average annual auto premiums were $1,680. The

News Earnings / RatingsInsurance

The Canadian insurer that will seek a rate decrease later this year

July 18, 2018 by Jason Contant

One Canadian public insurer is bucking the trend – seen across the country – of carriers asking to raise auto rates. Saskatchewan Government Insurance (SGI) told Canadian Underwriter Tuesday that it plans to apply for a rate decrease later this

News ClaimsInsuranceLegal

What the court said about a family law approach to “spouse” in auto AB claim

July 11, 2018 by David Gambrill

The meaning of the term “spouse” under the Family Law Act is not applicable when determining eligibility for accident benefits under an auto insurance policy, an Ontario court has ruled in a priority dispute between insurers. In Royal & Sun