Keyword
Fighting Fraud and Reducing Automobile Insurance Rates Act
Auto personal accident loss ratio up for fourth year in a row in Canada: A.M. Best
September 5, 2017 by Canadian UnderwriterThe 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…
Ontario Trucking Association to investigate roadside towing charges of heavy-duty recovery companies
January 27, 2017 by Canadian UnderwriterThe 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…
Impact of June Ontario auto changes ‘will be something to see going forward:’ A.M. Best
November 13, 2016 Greg Meckbach, Associate EditorIt 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,…