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News Insurance

How low can Ontario auto insurance rates be slashed?

May 24, 2022 by Jason Contant

The Ontario NDP’s proposal to lower auto insurance rates by 40% may be a little high, but a 25% to 30% cut in total premiums is possible, says financial management consultant David Marshall. In its platform released before the upcoming

Ontario NDP Leader Andrea Horwath speaks to the media before visiting communities across the GTA, as part of the 2022 Ontario election campaign trail, at Queen's Park in Toronto, on Wednesday, May 4, 2022. THE CANADIAN PRESS/ Tijana Martin
News InsuranceLegislation / RegulationMarkets / Coverages

Ontario Election: NDP plans to ban postal code rating for auto insurance

May 10, 2022 by Alyssa DiSabatino

Editor’s Note: The Conservative government outlined its plans for insurance in their budget document, released before the Ontario election, which will take place June 2. Canadian Underwriter is asking Ontario’s political parties for their platforms on insurance. We are printing

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News BrokersClaimsClaims CanadaInsurance

Auto insurance caught in a political cross-fire

April 20, 2022 by Alyssa DiSabatino

Alberta’s insurance industry saw a claims ratio of 77% for auto in 2020. While this is an improvement from 2016’s claims ratio of 87%, it still poses challenges for the industry, one industry rep notes.   Despite signs the province’s

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News Earnings / RatingsInsurance

What the federal Liberal-NDP deal means for P&C insurers

March 22, 2022 by Alyssa DiSabatino

Editor’s Note: This story has been updated to include information from Insurance Bureau of Canada. The Liberal party’s campaign promise to include a higher surtax on the financial sector is one step closer to being implemented, which means higher taxes

News InsuranceMergers and Aqcuisitions

Portions of Saskatchewan Government Insurance could be sold

May 4, 2017 The Canadian Press

REGINA – The Saskatchewan government has confirmed 11 private companies have expressed interest in buying a portion of Saskatchewan Government Insurance. But Premier Brad Wall says meetings recently attended in Toronto by SGI Minister Joe Hargrave were not related to