Canadian Underwriter

Keyword
Fighting Fraud and Reducing Automobile Insurance Rates Act

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Auto personal accident loss ratio up for fourth year in a row in Canada: A.M. Best

September 5, 2017 by Canadian Underwriter

The auto personal accident loss ratio in Canada “remains a concern,” with Canadian auto insurers being affected by distracted driving and rising repair costs, A.M. Best Company Inc. suggested in a recent report. In 2016, ratings firm A.M. Best said

News AssociationsInsuranceMergers and Aqcuisitions

Ontario Trucking Association to investigate roadside towing charges of heavy-duty recovery companies

January 27, 2017 by Canadian Underwriter

The passing of the Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014 has fuelled plans by the Ontario Trucking Association to investigate if roadside towing charges by heavy-duty recovery firms reflect the rates officially advertised on their websites. OTA

News Earnings / RatingsInsuranceLegislation / RegulationMergers and Aqcuisitions

Impact of June Ontario auto changes ‘will be something to see going forward:’ A.M. Best

November 13, 2016 Greg Meckbach, Associate Editor

It is too early to gauge the exact financial impact, on insurers, of Ontario auto changes that took effect this past June, and in the meantime, the mandated 15% rate reduction announced three years ago is still affecting loss ratios,