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News ClaimsClaims CanadaLegal

Top court to consider release that excludes ‘claims of any kind or nature whatsoever’

August 14, 2020 by Greg Meckbach

The legal status of a release that excludes a personal injury claimant from pursuing further claims arising out of the incident “of any kind or nature whatsoever” against the City of Corner Brook, Nfld., is headed to the Supreme Court

News ClaimsClaims CanadaInsurance

Fraud schemes that financially-strapped clients may be considering

July 14, 2020 by Greg Meckbach

Some consumers who owe money on vehicle loans during the COVID-19 pandemic may be tempted to make false auto theft claims, an independent adjuster warns. “Insureds who are desperate for money may have the vehicle stolen and burned to ensure

News Legal

How liability is shared for this left-turn collision at a yellow stoplight

July 14, 2020 by Greg Meckbach

A British Columbia motorist who was hit by an oncoming vehicle while turning left at a yellow light is 75% liable, not 100% liable as originally assessed by the insurer, the province’s Civil Resolution Tribunal (CRT) has ruled. Clayton Trenaman

News Insurance

How you could save an aging Ontario auto client $14,000

July 10, 2020 by Greg Meckbach

If you are not consistently shopping around for a better deal for your Generation X and Boomer-generation auto clients, they could be paying thousands extra after reaching middle age – unless they happen to find a lower rate from from

Feature BrokersLegislation / Regulation

Briefing Note: Ontario

July 6, 2020 Canadian Underwriter Staff

Auto reform has been the province’s biggest concern over the past year, says Colin Simpson, CEO of the Insurance Brokers Association of Ontario. “Inflation on physical damage has been reported to be about 6% to 7% a year,” he says.

News Insurance

How many of your low-mileage drivers are shopping around for a better deal?

July 6, 2020 by Greg Meckbach

One impact of the pandemic has been a large spike in customers who are shopping around for a better deal because they are not driving very much, LowestRates.ca reports. “Consumers don’t understand why different insurance companies are reacting differently to

News Technology

How IBC would change auto insurance regulation in four provinces

June 26, 2020 by Greg Meckbach

Motorists in Ontario, Alberta, Nova Scotia and Newfoundland and Labrador should be allowed to buy pay-per mile insurance, an Insurance Bureau of Canada official says. Those four provinces already allow usage-based insurance, wrote Ryan Stein, IBC’s executive director of auto

News InsuranceLegal

How this motorist missed out on his senior’s discount

June 24, 2020 by Greg Meckbach

When a British Columbia motorist turned 65 in 2017, he did not immediately get the senior rate class discount, so he tried to sue the public auto insurer for a refund. But the province’s Civil Resolution Tribunal ruled in favour

News Insurance

How auto dealership closures affected the industry

June 23, 2020 by Greg Meckbach

Canada’s property and casualty insurance industry saw a steep drop this past April in the number of auto clients seeking policies for new vehicles, and it’s not clear how long a more recent rebound will last, the head of LowestRates.ca

News Insurance

Intact predicts two-year hard market in auto

June 17, 2020 by Greg Meckbach

As the number of kilometres driven drops during the pandemic, consumers can expect to get a break on their auto insurance – and expect a hard market to pick up after the pandemic, Intact Financial CEO Charles Brindamour warns. “We

News Insurance

Manitoba auto insurance rates to drop 10 per cent, pending regulator approval

June 17, 2020 THE CANADIAN PRESS

WINNIPEG – Manitoba drivers could soon be paying less for their vehicle insurance. Manitoba Public Insurance has applied for an average 10.5 per cent cut in overall rates, which it says would save the typical passenger vehicle owner about $130

News BrokersInsurance

Why brokers should ask clients about trailers

June 16, 2020 by Greg Meckbach

As pandemic restrictions start to loosen and campgrounds open for the summer, brokers might want to ask home and auto customers if they own trailers. “It’s up to the broker to find out what type of trailer a customer owns,