Keyword
Ontario
How long it’s taking now to approve Ontario auto rate filings
June 18, 2020 by Greg MeckbachThe average Ontario auto insurance filing now takes less than two weeks to get approved, the provincial regulator told Canadian Underwriter. The Financial Services Regulatory Authority announced this past October a “file and use” system for private passenger auto. For…
Environment Canada says tornadoes destroy barns, down trees in southern Ontario
June 11, 2020 THE CANADIAN PRESSGLENCOE, Ont. – Environment Canada says it’s investigating after two tornadoes were reported near London, Ont., Wednesday night. The weather agency says the first happened at 7:50 p.m. in Glencoe, Ont., while the second happened 40 minutes later in Belmont,…
Why Ontario auto liability coverage should get cheaper
June 9, 2020 by Greg MeckbachOntario auto insurers may have a hard time raising rates as much as they were before May 15; a major factor could be a controversial change to the dispute resolution process that took effect four years ago. New loss trend…
Why it’s nearly impossible to figure out how profitable Ontario auto is
March 13, 2020 by Greg MeckbachYour Ontario auto clients have probably read media reports claiming they have been “over-paying” for years, but at the same time your markets are probably telling you they either lose money or barely break even on the product. So how…
Ontario unveils new flooding strategy, but minister mum on funding
March 9, 2020 Allison Jones - THE CANADIAN PRESSOntario’s new flooding strategy is focusing on increasing public awareness and preparedness, but it’s not clear if it will come with any new funding. Natural Resources Minister John Yakabuski announced in Minden, Ont., that the strategy builds on the recommendations…
What Santa delivered to Ontario auto insurers
December 23, 2019 by Greg MeckbachSugar plums are likely dancing in the heads of at least some Ontario auto underwriters as a result of a series of developments over the past year. When the government released its budget this past April, it included a bunch…
The hidden cost of Ontario auto accident injuries
December 16, 2019 by Greg MeckbachMore than half a million Ontarians receive some form of government disability support and an advocate for claimants suggests many of these are caused by motor vehicle accident injuries. “At the end of the day, unpaid claimants don’t just go…
Why thousands of unsafe commercial vehicles remain on Ontario roads
December 6, 2019 by Greg MeckbachMore than half of Ontario’s commercial vehicle carriers have not been inspected by the province’s transportation ministry in the past two years, and the number of vehicles inspected each year has dropped big-time. These were among the findings in the…
Pilot project will see e-scooters on Ontario roadways
November 27, 2019 The Canadian PressTORONTO – Ontario is starting a five-year pilot project beginning Jan. 1 to allow e-scooters on roads. The two-wheeled, motorized vehicles are currently illegal to operate anywhere in the province other than on private property. The pilot will let municipalities…
Intact loses court battle over voiding auto policy for misrepresentation
September 26, 2019 by Greg MeckbachIf an Ontario auto insurer discovers a client made a material misrepresentation or non-disclosure in its application, could the insurer treat the policy as invalid to begin with? Not now. Or at least, not if the fact situation is the…
‘Boilerplate’ reasons for denying auto claims don’t cut it: Court
September 25, 2019 by Greg MeckbachOntario’s Divisional Court ruled this week against Aviva Canada, which wants to challenge a Licence Appeal Tribunal ruling in favour of an auto accident benefits claimant. The case involves how Aviva denied the claim, which was to check a box…
Ontario auto changes could be ‘slow to implement’
September 12, 2019 by Greg MeckbachOntario may have a new auto insurance regulator, but don’t expect conditions in that market to improve overnight, A.M. Best Company Inc. suggested in a report released Thursday. “Measures to improve market and competitive conditions will likely be slow to…