Keyword
Auto
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…
Trial lawyers doubt standard treatment plans will help auto insurers
December 15, 2017 Greg Meckbach, Associate EditorOntario’s call for standard treatment plans in auto accident benefits might well do the opposite of what was intended — increase claims disputes and provide no benefit to insurers, personal injury lawyers say. In his Fair Auto Insurance Plan, released…
‘Lots of people don’t like telematics,’ insurer reports
December 14, 2017 Greg Meckbach, Associate EditorOpportunities for “broker-driven” usage-based auto insurance are likely to be down the road, but brokers are telling a large Canadian mutual that their insurance customers don’t want their insurers monitoring how they use their vehicles. “Our brokers are advising us…
Does a winter tire discount get drivers to install winter tires?
December 11, 2017 Greg Meckbach, Associate EditorOntario’s mandatory auto insurance discount for winter tires has not been in place long enough to figure out whether it reduces insured losses, but one safety expert compares winter tire skeptics to flat-earthers. The Financial Services Commission of Ontario (FSCO)…
Ontario motorcycle crash injuries twice as costly to treat as auto injuries: study
November 20, 2017 Peter Cameron - THE CANADIAN PRESSTORONTO – Motorcyclists in Ontario are three times more likely to be injured in a collision than people in automobiles, 10 times more likely to suffer serious injuries and those injuries will cost more to treat, a new study suggests.…