Canadian Underwriter

Keyword
Facility Association

Price Tag Icon
News InsuranceLegislation / RegulationReinsurance

OSFI’s capital guidelines include new 2.5% charge for risk-sharing pools

August 9, 2022 by David Gambrill

Canada’s federal solvency regulator has released its final capital guidelines for the P&C insurance sector, and one new wrinkle includes a fresh approach to handle the provincial risk-sharing pools administered by Facility Association — a new 2.5% capital charge. The

Three yellow taxi cabs lined up on the street
News AnnouncementsBrokersInsuranceMarkets / Coverages

New program aims to bring high-risk drivers back to standard market

July 22, 2022 by Alyssa DiSabatino

Facility Association (FA) is launching a video-enabled telematics program for Ontario taxi drivers, and it may see participants earn their way back to the standard market.  The program, effective Dec. 1, 2022, is meant to help drivers improve their driving

View from the tour boat at the fjords of the Western brook pond in Gros Morne National Park, Newfoundland and Labrador, Canada.
News Earnings / RatingsInsurance

The latest province to approve Facility Association’s profit provision

March 15, 2022 by Alyssa DiSabatino

Facility Association (FA) announced the Newfoundland and Labrador rate board has approved the use of a profit provision for members’ capital. It is the last province to do so, said FA President and CEO Saskia Matheson.   “FA member companies

Private and commercial vehicles drive down a scenic highway. The high bridge at the Pennsylvania Turnpike on the sunny spring day. Lehigh Valley, Poconos region, Pennsylvania, USA.
News Markets / Coverages

Inside Facility Association’s plan to harmonize commercial auto rates

March 14, 2022 by Alyssa DiSabatino

Facility Association will introduce a harmonized rating program for commercial and non-private passenger vehicles, which will help automate the rating process and put the brakes on truck operators trying to game the system, according to FA President and CEO Saskia

News InsuranceLegislation / Regulation

How insurers are changing their treatment of distracted driving

October 12, 2021 by Greg Meckbach

Some Nova Scotia motorists who are caught using their wireless handheld device while driving could face steeper hikes to their auto insurance premiums. In a decision released Oct. 4 , the Nova Scotia Utility and Review Board approved the Facility

News Commercial LinesInsurance

Regulator approves lower deductibles for commercial vehicles — with a caveat

March 29, 2021 by David Gambrill

Nova Scotia’s auto insurance regulator has approved Facility Association’s request to lower minimum deductibles for commercial vehicles, albeit with one significant caveat and a few “concerns.” The caveat has to do with logistics. For Facility Association’s member carriers, the upshot

News Insurance

Why Facility Association is reducing its trucking deductibles

March 17, 2021 by Adam Malik

Facility Association has announced a reduction in deductibles for the trucking industry. In her remarks at Facility Association’s recent annual general meeting, FA’s president and CEO Saskia Matheson said the 25% deductible rule for high-valued commercial vehicles will be dropped

News Insurance

Unintended M&A consequence: A shrinking carrier residual market

February 3, 2021 by Adam Malik

The number of carriers supporting Canada’s residual market for high-risk auto insureds is shrinking thanks to a combination of player withdrawal and mergers and acquisition activity. Tackling this issue is one of a number of priorities for the Facility Association

News AssociationsCommercial LinesInsurance

Why are a growing number of trucking fleets winding up in Facility Association?

July 23, 2019 John G. Smith

Editor’s Note: This article is reprinted with permission from Truck News   A national review by Facility Association, an insurer of last resort for fleets that can’t secure coverage elsewhere, is looking to keep trucking companies from misrepresenting themselves when

a silver cars front bumper has collided with a darker cars back bumper. Both cars have damage.
News InsuranceMarkets / Coverages

How many Ontario motorists got placed in the residual market

January 28, 2019 by Greg Meckbach

The number of Ontario auto policies in the residual market has increased by nearly a third in little more than a year, figures released to Canadian Underwriter show. Since the fall of 2017, there has been “some uptick” in the