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ontario auto

News Insurance

Ontario wants to hear from consumers about how to lower auto rates

January 9, 2019 by David Gambrill

The Ontario government is inviting drivers and consumers to share their views on how to lower the province’s auto insurance rates, part of a broader initiative on auto insurance reform. “The previous government’s failed system of stretch goals on auto

News InsuranceLegislation / Regulation

Marshall report on Ontario auto ‘dead’

December 18, 2018 by Greg Meckbach

A report recommending major auto reforms, from a former CEO of Ontario’s Workplace Safety and Insurance Board, appears to have gone by the wayside. “What I have heard is that [the] Marshall [report] is dead,” consultant Willie Handler said Monday

News Legislation / Regulation

Legislation puts sustainability of Ontario auto product at risk: Top 5 insurer

October 29, 2018 by Greg Meckbach

The major problems of the Ontario auto insurance product won’t be solved by changing the territorial rating system, a major insurer warns. Two private member’s bills recently tabled at Queen’s Park “have the potential to challenge the sustainability of the

News InsuranceLegislation / Regulation

How insurers respond to proposed ban on territorial ratings

October 16, 2018 by Greg Meckbach

Calls this week for a ban on territorial ratings in auto insurance, by politicians from across the political spectrum, shows that Ontario needs to change its rate filing system, an Insurance Bureau of Canada spokesperson said. Bill 42, the Ending

News BrokersInsuranceMarkets / Coverages

Brokers worried that Ontario auto problems will force companies to exit market

May 11, 2018 by Jason Contant

Brokers in Ontario are concerned that if auto insurance in the province remains unsustainable, companies may start to leave the market. Traci Boland, chairwoman of the Insurance Brokers Association of Ontario (IBAO), spoke to Canadian Underwriter Thursday about trends in

News InsuranceMarkets / Coverages

Economical exposed to Ontario’s auto market cycles

May 9, 2018 by Greg Meckbach

Exposure to Ontario’s regulated auto market is one factor leading to the “unsatisfactory” financial performance at Economical Insurance, CEO Rowan Saunders suggested to mutual policyholders attending the company’s annual general meeting, held Monday at the Bingemans Centre in Kitchener, Ont.

News InsuranceMarkets / CoveragesTechnology

Two reasons why Ontario approved increased auto rates

January 19, 2018 by Jason Contant

Increased vehicle technology and elevated auto loss ratios are among the factors contributing to rate increases in Ontario auto, Joel Baker, president and CEO of MSA Research, told Canadian Underwriter on Thursday. “The industry is being challenged by elevated auto

News Markets / CoveragesTechnology

Driverless cars and the irony of solving Ontario’s auto problem

January 17, 2018 by Greg Meckbach

As driverless cars become more popular, and as the focus of insurers gradually shifts from insuring vehicle owners to providing product liability for the manufacturers of autonomous vehicles, the Ontario government’s auto insurance reforms may finally be yielding some better

News Earnings / RatingsInsuranceMergers and AqcuisitionsProducts

Echelon’s combined ratio improves 4.2 points to 93.5% in Q2, driven by personal auto and commercial property and liability

August 10, 2017 by Canadian Underwriter

Toronto-based Echelon Financial Holdings Inc. has reported a combined operating ratio of 93.5% for the second quarter of 2017 ending June 30, a 4.2 point improvement from 97.7% in Q2 2016, driven by strong results in personal auto and commercial

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Aviva plc reports combined ratio of 98.9% for Canada in H1 2017, up three points from H1 2016

August 3, 2017 by Canadian Underwriter

Aviva plc has reported a general insurance combined operating ratio (COR) of 98.9% for Canada for the first six months of the year ending June 30, up three points from 95.9% in the first six months of last year. For

News InsuranceLegalMergers and Aqcuisitions

Recommendation for lifetime care management for MVA victims ‘may be buried’ by Ontario government: insurance defence lawyer

April 28, 2017 Greg Meckbach, Associate Editor

The Ontario government announced Thursday it is “reviewing” 35 recommendations on auto insurance form made by the former head of the province’s government-run workers’ compensation insurance system, the same day an insurance defence lawyer warned that some of those recommendations

News Insurance

Ontario license appeal tribunal making ‘quicker determinations’ in auto claims disputes: BDO speaker

April 27, 2017 Greg Meckbach, Associate Editor

Ontario’s new system for arbitrating auto accident benefits claims disputes has “very significant growing pains,” a lawyer told insurance professionals Thursday. During BDO Canada LLP’s 21st Annual Accident Benefits Conference, insurance defence lawyer Amanda Lennox questioned whether “access to justice