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electric vehicles

News Insurance

How rising interest in electric vehicles affects auto insurers

May 18, 2021 by Jason Contant

The number of customers looking to insure an electric vehicle (EV) is rising, which is having a ripple effect on auto carriers due to the increased cost to insure these vehicles, according to a recent report from LowestRates.ca. Year-over-year, there

News Insurance

BRP to invest $300M over five years to create electric versions of its vehicles

March 26, 2021 Jon Victor - THE CANADIAN PRESS

MONTREAL – BRP Inc. announced an ambitious expansion into electric vehicles on Thursday, investing $300 million over five years as the company looks to adapt to market trends and broaden its appeal to a new set of customers. The maker

News Insurance

Why electric luxury SUVs may give your liability claims costs a jolt

November 11, 2019 by Adam Malik

Several car makers have announced ambitious plans to go electric in the next decade or two, but as more electric vehicles (EVs) hit the streets, there could be an increased insurance risk, according to one insurer. With the growing popularity

News Climate ChangeInsuranceTechnology

B.C. government launches incentives for zero-emission vehicles

February 6, 2017 by Canadian Underwriter

British Columbia’s Minister of Energy and Mines has announced an investment of $40 million to encourage British Columbians to “make the switch to zero-emission vehicles, reduce greenhouse gas emissions and support investment in made-in-B.C. green technology.” Bill Bennett announced the

News Climate ChangeInsuranceLegislation / RegulationTechnology

PM hails national climate change deal, but without Saskatchewan, Manitoba

December 11, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – Prime Minister Justin Trudeau declared victory Friday in his campaign to craft a national “framework” agreement on climate change – even though Saskatchewan and Manitoba refused to sign on to the deal and British Columbia claimed a major