Keyword
Auto
Why the large variance within Toronto of auto rates
February 26, 2019 by Greg MeckbachIf 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…
How to keep clients happy if their auto premiums skyrocket
February 15, 2019 by Greg MeckbachA 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…
Intact’s guesstimate of auto profitability improvement required by the industry
February 12, 2019 by Greg MeckbachThe 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…
Advocating for New Storylines
February 2, 2019 David Gambrill, Editor-in-ChiefDon 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,…
How many Ontario motorists got placed in the residual market
January 28, 2019 by Greg MeckbachThe 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…
CPP benefits received after a trial deductible from auto injury lawsuit awards, appeal court rules
January 28, 2019 by Greg MeckbachHas 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,…
By how much did your clients’ auto rates increase last quarter?
January 24, 2019 by David GambrillOntario 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…
Can’t hear the ambulance? Turn down your radio
January 17, 2019 by David GambrillA 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…
Industry in the dark on auto reform
January 15, 2019 by Greg MeckbachNearly 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…
What you need to know about gap insurance
November 28, 2018 Matt Jones - THE ASSOCIATED PRESSAbout 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…
Insurer prevails where vehicle driven without owner’s consent
November 22, 2018 by Greg MeckbachAlberta 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…
Why this simple collision claim needed multiple forensic reports
November 21, 2018 by Greg MeckbachA 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…