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News InsuranceLegislation / Regulation

Are you sure you are not violating Ontario’s ‘take all comers’ auto rule?

June 15, 2020 by Greg Meckbach

If you fail to renew a client’s Ontario auto policy, even if that client missed a payment, you could attract close scrutiny from the provincial regulator. Ontario law prohibits insurers from declining to issue, terminating, or refusing to renew an

News InsuranceLegislation / Regulation

Why Ontario auto liability coverage should get cheaper

June 9, 2020 by Greg Meckbach

Ontario auto insurers may have a hard time raising rates as much as they were before May 15; a major factor could be a controversial change to the dispute resolution process that took effect four years ago. New loss trend

News EngineeringProducts

Nissan recalls nearly 1.9M cars for pesky hood latch

June 4, 2020 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – For the fourth time, Nissan is recalling hundreds  – of thousands of midsize cars in the U.S. and Canada to fix a nagging latch problem that may allow the hood fly open while cars are moving. The latest

News InsuranceLegislation / Regulation

Car sharing service Turo says launch into B.C. market is ‘imminent’

May 28, 2020 THE CANADIAN PRESS

VANCOUVER – Fans of car-sharing services in British Columbia are about to get another option within weeks of the closure of two other car-share businesses in the province. Turo, which describes itself as the world’s largest peer-to-peer car sharing platform,

News InsuranceLegislation / Regulation

How these two auto insurers rate Gender X differently

May 27, 2020 by Greg Meckbach

Pembridge Insurance Company plans to start rating motorists who identify themselves as ‘Gender X’ in Nova Scotia, charging Gender X motorists the same as women, the province’s regulator announced Tuesday. Through its Pembridge unit, Allstate writes home and auto insurance

News Insurance

Guns, drugs, cash seized in organized crime probe of Toronto area tow truck industry

May 26, 2020 Liam Casey -THE CANADIAN PRESS

VAUGHAN, Ont. – Four alleged organized criminal organizations that operated as rival tow truck companies involved in a violent battle for territory in the Toronto area have been dismantled, police said Tuesday. York regional police said the alleged crimes involved

News ClaimsClaims CanadaInsurance

Does the winter tire discount make actuarial sense?

May 8, 2020 by Greg Meckbach

Winter tires may reduce collision risk, but that doesn’t necessarily translate into a reduction in insured losses for every book of business — especially if the snow tires give motorists a false sense of security. Canada’s fifth-largest insurer recently looked

News AdjustersClaims CanadaInsuranceLegal

Supreme Court of Canada to hear coverage dispute over fatal motorcycle accident

April 27, 2020 by Greg Meckbach

The Supreme Court of Canada announced it will hear an auto liability coverage dispute involving RSA Canada, insurer of a motorcyclist who had alcohol in his system while holding a probationary licence. The motorcyclist, Steven Devecseri, was killed May 29,

insPRESS Insurance

Unica Insurance announces 15% COVID-19 Premium Relief Refund for Personal Automobile

April 24, 2020 Unica Insurance

MISSISSAUGA, ON, April 24, 2020/insPRESS/ Unica Insurance (Unica) is pleased to announce a one-time COVID-19 Premium Relief Refund for all Private Passenger Automobile policies as it continues to expand its package of COVID-19 relief options. The refund will be equivalent

News Commercial LinesMarkets / Coverages

Car sharing shutdown in these Canadian cities

April 22, 2020 THE CANADIAN PRESS

General Motors says it has permanently shut down its Maven car sharing service in all markets including Toronto after suspending operations in March due to the COVID-19 outbreak. The company said in an email to customers Tuesday that it made

Feature

Putting psychology up against probability

April 9, 2020 Adam Keung, CEO, New World Insurance

How a question on probability sent one broker down a rabbit hole — and ultimately gave him a way to explain the hard market to his clients

Feature ClaimsClaims CanadaLegislation / Regulation

B.C.’s move to no-fault

April 8, 2020 Jason Contant, Online Editor

What the province’s changes to auto insurance mean for drivers, brokers, and the legal system