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Canada’s insurers could face higher costs from distracted driving

November 26, 2021 Canadian Underwriter Staff

Costs to Canadian insurance companies from accidents and injuries caused by distracted driving could reach $159 million by 2030, according to an analysis from financial products comparison site The analysis explored two scenarios, an optimistic 2% annual increase in

News InsuranceLegislation / Regulation

What the industry can do to get out of the hard market cycle

August 30, 2019 by Adam Malik

Although regulation is one significant factor in the current hardening market conditions, that doesn’t mean the insurance industry should cry “woe is me” and wait for things to get better on their own. Instead, a pro-active approach is needed, experts

News ClaimsClaims CanadaLegislation / RegulationTechnology

Mainstream autos get driver monitoring devices

June 4, 2019 By Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Would you pay more for a car or SUV that warns you if you’re falling asleep or not paying attention behind the wheel? Auto companies are figuring that because your life could depend on it, you will. As

News Legal

Distracted cycling? Ontario man charged after colliding with transport truck

July 18, 2018 The Canadian Press

SOUTH WEST OXFORD TOWNSHIP, Ont. – Provincial police say a cyclist, allegedly distracted by his cellphone, is facing a charge after colliding with a transport truck in southwestern Ontario. Police say the collision occurred on Tuesday morning in South West

News InsuranceMergers and Aqcuisitions

Amtrak to pay $265M for Philadelphia crash that killed 8

October 27, 2016 Maryclaire Dale - THE ASSOCIATED PRESS

PHILADELPHIA – Amtrak will pay $265 million to settle claims related to a crash last year that killed eight people and injured more than 200 others when a speeding train derailed on a curve. The settlement allows victims to have

News InsuranceMergers and Aqcuisitions

‘Text and drive’ billboards on Toronto highway deliver grim message

May 12, 2016 By Aleksandra Sagan - THE CANADIAN PRESS

TORONTO – Drivers on one Toronto highway are seeing a counterintuitive message this week: “Text and Drive.” Two billboards on the Gardiner Expressway purport to be an encouragement from a funeral home, but it’s really an advertising agency behind the