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Collision between a bus and a car
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How brokers should approach a client who wants to drop DCPD coverage

April 19, 2023 by Alyssa DiSabatino

Brokers with clients looking to save money would be better off helping them understand how affordable a coverage is, rather than opting out of OPCF-49, or Direct Compensation-Property Damage (DCPD) coverage, one expert told Canadian Underwriter.  Starting on Jan. 1,

Auto accident damage at intersection.
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What Ontario’s DCPD change means for insureds, brokers

March 23, 2023 by Alyssa DiSabatino

Editor’s note: This article has been updated to include a statement from the Insurance Bureau of Canada.   Ontario’s insurance regulator has passed OPCF 49, which gives consumers the choice to opt out of Direct Compensation-Property Damage (DCPD) coverage on

elevated view of two cars in an accident. Bottom left car is flipped over, while the top right car is damaged badly in the front hood.
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Update on how Canada’s newest DCPD regime is doing

May 30, 2022 by Alyssa DiSabatino

Alberta’s transition toward the Direct Compensation for Property Damage (DCPD) framework has been quite seamless for insurers and personal auto policyholders for the most part, says one industry expert, although some commercial vehicle operators who don’t want to pay for

A red toy car rests on top of columns of stacked coins, each coin increasing in size.
News BrokersInsuranceMarkets / Coverages

Will Ontario’s budget proposals actually reduce auto rates?

May 4, 2022 by Alyssa DiSabatino

To reduce Ontario auto insurance rates substantially, fairer rating systems and offering usage-based insurance (UBI) may be most effective, says one industry observer. The Ontario government is proposing measures to reduce the cost of auto insurance. Among them, it is