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Ontario auto changes could be ‘slow to implement’

September 12, 2019 by Greg Meckbach

Ontario may have a new auto insurance regulator, but don’t expect conditions in that market to improve overnight, A.M. Best Company Inc. suggested in a report released Thursday. “Measures to improve market and competitive conditions will likely be slow to

News InsuranceLegislation / Regulation

The place where insurers are seeking double-digit auto rate increases

September 10, 2019 by Greg Meckbach

Auto insurers asking for double-digit increases from New Brunswick’s regulator could face some hard questions during hearings this fall. “Some of the companies have been asking for a big increase” and will not necessarily be approved for the increases they

News Claims

Now that Alberta’s cap is gone, what next?

September 4, 2019 by Greg Meckbach

Giving Alberta’s auto insurance regulator discretion in allowing rate increases of over 5% is good news for the industry, but more needs to be done to address claims costs, the Insurance Bureau of Canada warns. In 2017, the province’s regulator

News ClaimsLegislation / Regulation

Tesla Autopilot let driver rely too much on automation: Investigator

September 4, 2019 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – A government investigation has found that a design flaw in Tesla’s Autopilot semi-autonomous driving system and driver inattention combined to cause a Model S electric car to slam into a firetruck parked along a California freeway. The National

News Markets / Coverages

Alberta axes 5% cap on auto rate hikes

September 3, 2019 by Greg Meckbach

The 5% ceiling on Alberta auto rate increases is history, but that does not mean the sky is the limit. “Allowing [the 5%] limitation to expire is necessary to ensure a sustainable industry that can best serve the needs of

News InsuranceTechnology

Watch out for these ‘nefarious’ ways of eating brokers’ lunch

August 28, 2019 by Greg Meckbach

Brokers could be in for a nasty surprise if the concept of bundling auto insurance with vehicle lease or purchases catches on in Canada, a Symposium West speaker warned last week. An auto manufacturer is “not a traditional competitor” in

News Claims CanadaInsurance

Insurers spar after passenger grabs steering wheel, causing accident

August 22, 2019 by Greg Meckbach

Should a motorist be liable if a front-seat passenger deliberately grabbed the wheel and took control, causing an accident? Insurers debate this, but judges say a client in this situation should not be liable. In McKay v. Park, released Monday,

News AdjustersClaims CanadaLegal

How dashcams are settling insurance and liability questions

August 15, 2019 Dan Healing - THE CANADIAN PRESS

CALGARY – In a video taken through the windshield of Dung Le’s 15-year-old Toyota Echo, an oncoming car breaks the monotony of a wide, nearly empty street on a quiet August morning in a sprawling residential Edmonton neighbourhood. As it

Ontario legislature at Queen's Park in Toronto, Ontario government
News Insurance

Ontario regulator considering ‘file and use’ for private passenger auto

August 2, 2019 by Greg Meckbach

A “file-and-use” system for private passenger auto rate changes could be coming to Ontario if a proposal from the province’s Financial Services Regulatory Authority comes to fruition. “We are close to introducing a new standard rate filing process that will

News Insurance

How old Ontario auto cat claims affect Intact’s bottom line

July 31, 2019 by Greg Meckbach

Canada’s largest P&C insurer has been taken by surprise by the number of old Ontario auto claims in which accident victims are trying to get benefits for catastrophic impairment. Ontario changed its catastrophic impairment definition for accidents occurring on or

News Insurance

Allstate ponders appeal in $700,000 lawsuit over Brampton auto insurance allegations

July 30, 2019 by Greg Meckbach

Allstate officials are considering appealing last week’s Ontario court judgement that rejected the company’s $700,000 counter-suit against a former employee. “Our legal counsel is reviewing the decision and we will decide whether to appeal in the next few weeks,” Angie

News Insurance

Claimant loses appeal over whether Ontario court can hear bad-faith claim

July 24, 2019 by Greg Meckbach

When the Ontario government moved accident benefits dispute resolution to the Licence Appeal Tribunal in 2016, it did not intend for two similar issues in a disputed claim to be adjudicated both in court and before the LAT, the Court