Canadian Underwriter

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Auto

News Insurance

Why the large variance within Toronto of auto rates

February 26, 2019 by Greg Meckbach

If your client lives in an area where most people do not use their car to get to work, he or she could save money on auto insurance. Kanetix released Tuesday its annual InsuraMap, which the Toronto-based online auto insurance

News Insurance

How to keep clients happy if their auto premiums skyrocket

February 15, 2019 by Greg Meckbach

A huge hike in auto rates does not mean your client has to be disgruntled. “There are things that insurers can do to soften the blow when [auto] insurance rate actions need to be taken,” Tom Super, director of the

News Insurance

Intact’s guesstimate of auto profitability improvement required by the industry

February 12, 2019 by Greg Meckbach

The Canadian auto insurance industry needs to improve its profitability by about 10 percentage points, executives with Canada’s largest property and casualty insurer suggest. Canada-wide and industry wide, personal lines auto has a loss ratio of about 75%, said Darren

News InsuranceMarkets / Coverages

How many Ontario motorists got placed in the residual market

January 28, 2019 by Greg Meckbach

The number of Ontario auto policies in the residual market has increased by nearly a third in little more than a year, figures released to Canadian Underwriter show. Since the fall of 2017, there has been “some uptick” in the

News Insurance

CPP benefits received after a trial deductible from auto injury lawsuit awards, appeal court rules

January 28, 2019 by Greg Meckbach

Has your client been successfully sued after a vehicle accident in Nova Scotia? The damages may be reduced if the claimant can get disability benefits in the future through the Canada Pension Plan, a court has ruled. Sparks v. Holland,

News Earnings / RatingsInsurance

By how much did your clients’ auto rates increase last quarter?

January 24, 2019 by David Gambrill

Ontario auto insurance rates increased by an average of 3.35% in the fourth quarter of 2018, with several companies receiving approval for double-digit rate increases, the province’s regulator reported. Overall, 23 insurers representing approximately 51% of the market based on

News Insurance

Can’t hear the ambulance? Turn down your radio

January 17, 2019 by David Gambrill

A B.C. driver has failed in his bid to receive a refund for his insurance premium increase and deductible after B.C.’s public auto insurer found him 100% responsible for failing to clear an intersection for an ambulance. A B.C. ambulance

Ontario legislature at Queen's Park in Toronto, Ontario government
News Legislation / Regulation

Industry in the dark on auto reform

January 15, 2019 by Greg Meckbach

Nearly two years after David Marshall released his report on Ontario auto insurance reform, there is still no indication on where the government plans to go with it. “We haven’t had a concrete yes or no that they are going

News Insurance

What you need to know about gap insurance

November 28, 2018 Matt Jones - THE ASSOCIATED PRESS

About 85 per cent of new car buyers will use some sort of financing to pay for their vehicle, according to credit reporting company Experian. If you’re such a buyer, you can expect that during your purchase a car dealership

News Legal

Insurer prevails where vehicle driven without owner’s consent

November 22, 2018 by Greg Meckbach

Alberta Motor Association Insurance Company does not have to pay a claimant who was injured while riding in a vehicle driven without the owner’s consent. The Supreme Court of Canada announced Thursday it will not hear an appeal from Ashley

News EngineeringLegal

Why this simple collision claim needed multiple forensic reports

November 21, 2018 by Greg Meckbach

A motorist who was successfully sued for rear-ending a vehicle on an icy road has to reimburse the plaintiff $23,000 for forensic engineering reports. Margaret Ozimkowski was driving home from work Jan. 23, 2012 after dusk in freezing rain. She was

News Technology

A new technology that could reduce crash risk

November 12, 2018 by Greg Meckbach

Could vehicle collision frequency drop once  fifth-generation (5G) cellular wireless technology rolls out in Canada? 5G wireless can allow vehicles talk to each other, said Peter Linder, head of 5G marketing for North America at Telefonaktiebolaget LM Ericsson. “You can