Keyword
Ontario budget
What Ontario’s DCPD change means for insureds, brokers
March 23, 2023 by Alyssa DiSabatinoEditor’s note: This article has been updated to include a statement from the Insurance Bureau of Canada. Ontario’s insurance regulator has passed OPCF 49, which gives consumers the choice to opt out of Direct Compensation-Property Damage (DCPD) coverage on…
Ontario re-ignites commitment to auto insurance reform
August 10, 2022 by Alyssa DiSabatinoThe Ontario government re-introduced its 2022 budget and, while there were no changes from an auto insurance perspective, creating choice for consumers will be among the industry’s main concerns, the Insurance Bureau of Canada (IBC) told Canadian Underwriter. The budget…
What Intact’s CEO thinks of Ontario’s auto insurance budget
May 16, 2022 by Alyssa DiSabatinoIntact’s CEO Charles Brindamour said he is “quite thrilled” with some of the auto insurance reform measures contained in Ontario government’s proposed budget. Brindamour commented on the budget proposals for auto insurance reform during a Virtual Fireside Chat with RBC…
Will Ontario’s budget proposals actually reduce auto rates?
May 4, 2022 by Alyssa DiSabatinoTo reduce Ontario auto insurance rates substantially, fairer rating systems and offering usage-based insurance (UBI) may be most effective, says one industry observer. The Ontario government is proposing measures to reduce the cost of auto insurance. Among them, it is…
What auto insurers think of Ontario’s reform proposals
May 2, 2022 by David GambrillCanada’s auto insurers are generally pleased with the Ontario government’s direction on auto reform, although many details have yet to be worked out. “Ontario drivers pay too much for car insurance, and this budget makes a bold commitment to improve a…
How Ontario plans to reform auto insurance
April 29, 2022 by David GambrillOntario’s 2022 budget has a short paragraph dedicated to “reducing the cost of auto insurance,” including creating more choice for consumers, cracking down on auto insurance fraud and “enhancing fairness,” which would include new guidance on territorial rating. Exactly how…