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New insurance coverage for shared travel accommodations

March 21, 2019 by Jason Contant

Has your client booked travel accommodations through platforms like Airbnb, HomeAway and Trip Advisor? If so, they are now able to get insurance coverage for trip cancellations and interruptions. CAA Travel Insurance announced Wednesday it has added a new feature

News ClaimsLegislation / Regulation

Insurer reacts to new distracted driving penalties

January 7, 2019 by Greg Meckbach

The new licence suspensions and $500 minimum fines for distracted driving should remind Ontario motorists not to text and drive, a spokesperson for CAA South Central Ontario predicts. “We hope this is going to serve as a deterrent,” CAA SCO

News InsuranceMergers and Aqcuisitions

CAA Insurance parent agrees to buy Echelon Insurance

November 9, 2018 by Greg Meckbach

CAA Club Group has agreed to buy non-standard auto insurer Echelon Insurance for $175 million, the companies said Friday. The deal will allow CAA Insurance to reach new markets and customers, CAA Club Group president Jay Woo wrote in an

News InsuranceLegislation / Regulation

Tow referral fee rules ‘hard to monitor and enforce,’ insurer warns

August 23, 2018 by Greg Meckbach

Auto insurance providers should remind motorists that in the event of an accident, it is usually the driver – not the tow truck operator – who decides where the car gets towed. Motorists often don’t know what rights they have

News Insurance

Improved traffic management cheapest way to reduce congestion: CAA

June 6, 2018 The Canadian Press

TORONTO – The Canadian Automobile Association says there are a number of simple measures that could be taken to reduce congestion on roads across the country. A CAA-commissioned study released last year estimated the country’s worst bottlenecks result in 11.5

News InsuranceMarkets / CoveragesTechnology

Here’s one way that lower auto insurance rates could increase profits

May 24, 2018 by Greg Meckbach

With new technology-driven auto insurance on the horizon, some motorists will drive less and buy insurance from carriers who target low-mileage vehicles, the founder of a comparison shopping provider suggests. Several Ontario auto insurers will probably launch products similar to

News Markets / CoveragesProducts

New Ontario auto insurance product targets infrequent drivers

May 23, 2018 by Greg Meckbach

Ontario brokers will have a new auto insurance option for their auto customers this July with MyPace, a product intended for vehicles driven fewer than 9,000 kilometres per year, Canadian Automobile Association (CAA) officials said Wednesday. MyPace, which measures distance

News Brokers

Broker training underway for new distance-based auto insurance

May 23, 2018 by Greg Meckbach

Brokers selling auto insurance written by the CAA Insurance are now getting trained on a new product targeting low-mileage drivers. All 41 of CAA Insurance’s broker partners “are being trained on all aspects” of MyPace, CAA Insurance president Matthew Turack

News InsuranceLegislation / RegulationMarkets / Coverages

CAA calls for provincial regulation of towing industry amid continued consumer complaints

October 18, 2017 by Canadian Underwriter

The south central Ontario branch of the Canadian Automobile Association (CAA) is calling for provincial regulation of the towing industry following what it says are “continued instances of harrowing stories from motorists involving unscrupulous tow truck drivers on Ontario roads.”

News Insurance

Equifax faces growing scrutiny as CAA says 10,000 may be impacted

September 15, 2017 Armina Ligaya and David Hodges - THE CANADIAN PRESS

TORONTO – Equifax Canada is facing intensifying calls for transparency on its massive cyberhack as the Canadian Automobile Association informs thousands of its members that their data may have been compromised and frustrated consumers ask questions about why they’re being

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Impact of Fort McMurray wildfire softened by reinsurance risk sharing: DBRS

April 26, 2017 by Canadian Underwriter

Most Canadian insurers were able to generate positive underwriting results in Alberta through their use of reinsurance risk sharing following the Fort McMurray wildfire, credit ratings agency DBRS Limited said in a commentary released on Wednesday. The commentary, titled 2016

News InsuranceMergers and Aqcuisitions

New Brunswick government recommends winter tires but won’t make them mandatory

December 14, 2016 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – New Brunswick is resisting renewed calls to make snow tires mandatory, as provinces across the country take different legislative approaches to the annual slip and slide of winter driving. Green Leader David Coon says, just like seatbelts, mandatory