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Insurers object to characterization of Ontario auto as “profitable”

April 9, 2019 by David Gambrill

Canada’s home, auto and business insurers are objecting to a recent characterization of Ontario’s auto insurance regime as “profitable.” “The current trends are unsustainable for both drivers and insurance companies,” Insurance Bureau of Canada vice president of Ontario Kim Donaldson

News InsuranceLegislation / Regulation

Major auto coverage change now in effect in this province

April 1, 2019 by Greg Meckbach

Auto coverage is changing for British Columbia motorists effective today. Accident benefits coverage from Insurance Corporation of B.C. has more than doubled from $300 per week to $740 a week. That is one of several changes – for claims made

News ClaimsMarkets / Coverages

Auto loss ratios ‘unsustainable’ in these provinces

March 29, 2019 by Greg Meckbach

Ontario auto insurance is profitable but loss ratios are unsustainable in Alberta and two of the Maritime provinces, Canada’s Property and Casualty Insurance Compensation Corporation notes. “Importantly for insurers, Ontario’s private passenger auto insurance market remained profitable with a loss

The wreckage of the fatal bus crash involving the Humboldt Broncos junior hockey team
News ClaimsLegal

Eight years jail time for truck driver in Broncos bus crash

March 22, 2019 Bill Graveland and Stephanie Taylor - THE CANADIAN PRESS

MELFORT, Sask. _ A truck driver who caused the deadly Humboldt Broncos crash has been sentenced to eight years in prison. Jaskirat Singh Sidhu of Calgary had pleaded guilty earlier this year to 29 counts of dangerous driving. He stood

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

Feature

Advocating for New Storylines

February 2, 2019 David Gambrill, Editor-in-Chief

Don Forgeron, president  and CEO of Insurance Bureau of Canada, talks to Canadian Underwriter about what’s top of mind for Canada’s home, auto and business insurers in 2019. Here’s his update on where the nation’s insurers stand on auto reform,

a silver cars front bumper has collided with a darker cars back bumper. Both cars have damage.
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