Keyword
Auto
B.C. experiments with tech that blocks handheld use while driving
March 7, 2018 Greg Meckbach, Associate EditorA telematics trial intended to address distracted driving in British Columbia is now underway. Insurance Corporation of British Columbia said March 2 it is “working with 139 drivers” in the province on a pilot project intended to block the use…
Putting the brakes on
March 1, 2018 Emily Atkins, EditorThe second in our two-part series looking at structural problems in Ontario’s and BC’s auto insurance systems.
Some Assembly Required
February 27, 2018 David Gambrill, Editor-in-ChiefAuto lines across Canada are in dire need of repair right now. In a fairly benign year, with virtually no major catastrophe events, the Canadian property and casualty industry still came dangerously close to losing money, posting a relatively disappointing…
RSA Canada endorses “all of the recommendations” in Marshall report
February 26, 2018 by Greg MeckbachAlthough every Canadian auto insurance system has its problems, a special advisor to Ontario’s finance minister did an “excellent job” in describing the problems specific to that province, says the head of RSA Canada. “I don’t think there is an…
RSA Canada joins chorus of insurers seeking auto rate increases
February 23, 2018 Greg Meckbach, Associate EditorDistracted driving and the cost of repairing vehicles equipped with the latest technology are among the reasons RSA Canada is looking to increase auto insurance rates across Canada. “We have seen a trend of increasing frequency [of collisions] which we…
How British Columbia will handle auto accident benefit disputes
February 14, 2018 Greg Meckbach, Associate EditorA new dispute resolution system for auto insurance in British Columbia will probably focus both on first-party accident benefit disputes and resolving claims from minor injuries, but the details have yet to be worked out, a spokesperson for the province’s…
Fraud Squad
February 8, 2018 Kim Donaldson, Vice-President, Ontario Region, Insurance Bureau of CanadaOntario wants to stamp out auto insurance fraud by creating a dedicated team of fraud prosecutors. Here’s what P&C insurers think of the plan…
Let the private market compete in British Columbia: IBC
January 31, 2018 by Greg MeckbachInsurance Corporation of British Columbia’s monopoly should end, Insurance Bureau of Canada said this week, but the province’s attorney general contends that competition will not result in lower premiums for B.C. vehicle owners. Opening up auto insurance to competition “does…
Rideshare Redux
January 17, 2018 Jason Contant, Online EditorCalifornia-based Lyft is coming to Canada. Has the industry learned from Uber?
Auto Polish
January 11, 2018 Greg Meckbach, Associate EditorAuto insurance reform was top of mind at this year’s Insurance Brokers Association of Ontario convention.
Blame auto losses for lackluster 2017 P&C results
January 2, 2018 by Greg MeckbachDespite a “relatively benign” year in Canada for catastrophes in 2017, the industry-wide combined ratio in Canada was still fairly high at 96.8% during the first nine months of last year, with auto results partly to blame, MSA Research reported…
2018 Outlook: Denis Dubois, President, COO, Desjardins General Insurance Group
December 29, 2017 Denis DuboisCanada’s property and casualty insurance industry will continue to evolve rapidly in 2018 in response to accelerating technology, changing customer expectations and climate change. Technology is a double-edged sword for insurers. Vehicles are safer than ever thanks to multiple sensors…