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Ontario

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How budget cuts will affect flood risk mitigation

June 5, 2019 by Greg Meckbach

Flood risk mitigation in Ontario could start to depend a lot more on the willingness of corporations and individuals to donate money to the conservation authorities. “The conservation authorities are going to have to make a better case for outreach

News InsuranceLegislation / Regulation

Intact ready to work with new Alberta government, likes Ontario budget

May 8, 2019 by Adam Malik

All signs point to positive for Intact when it comes to working with Alberta’s new government. Jason Kenney led the United Conservative Party to victory in April, returning a Conservative government to power after four years of rule by the

News InsuranceLegislation / Regulation

What auto insurance brokers should keep in mind if cash settlements are banned

May 3, 2019 by Greg Meckbach

Brokers need to understand both the upside and downside to a “care not cash” clause in an accident benefits policy so clients can choose an option that fits their needs, says an Ontario auto insurance expert. The Ontario government is

News Insurance

Ontario’s ‘most encouraging statement about auto insurance’ in 35 years

April 30, 2019 by Greg Meckbach

The recent Ontario budget document is giving some insurers hope that the government will actually fix the province’s auto insurance system. “Many people have said that the comprehensive package contained in the budget is frankly the most encouraging statement about

News InsuranceLegislation / Regulation

Auto ‘very difficult policy to understand,’ says broker-turned-parliamentarian

April 23, 2019 by Greg Meckbach

The Ontario government wants to make the auto claims process easier to navigate and less cumbersome, a politician who used to be a broker told the legislature last week. “Today when someone has an accident, they are assigned an adjuster,”

News InsuranceLegislation / Regulation

How Ontario government plans to work with industry on auto reform

April 18, 2019 by Greg Meckbach

The Ontario government plans to work with the industry on implementing a number of changes to auto insurance, including doubling accident benefits coverage for catastrophic impairment. In its 2019-20 budget document tabled Apr. 11, the government said motorists “should have

News InsuranceLegislation / Regulation

What your auto client may like about Ontario budget

April 15, 2019 by Greg Meckbach

Some Ontario motorists would like an auto insurance system that lets carriers offer lower rates to clients who use the carriers’ preferred collision repair or healthcare facilities, an Insurance Bureau of Canada official suggests. In its budget document tabled April

Ontario legislature at Queen's Park in Toronto, Ontario government
News InsuranceLegislation / Regulation

What the Ontario budget says about auto insurance

April 12, 2019 by Greg Meckbach

Credit scores could soon be used as one factor in determining Ontario auto rates, and the province plans to double coverage for catastrophic impairment, Finance Minister Vic Fedeli suggested in the budget document tabled Thursday. “Drivers should have the choice

News ClaimsInsurance

Insurers object to characterization of Ontario auto as “profitable”

April 9, 2019 by David Gambrill

Canada’s home, auto and business insurers are objecting to a recent characterization of Ontario’s auto insurance regime as “profitable.” “The current trends are unsustainable for both drivers and insurance companies,” Insurance Bureau of Canada vice president of Ontario Kim Donaldson

News CatastrophesClaimsInsurance

Two winter storms, one $70-million claims bill for insurers

April 9, 2019 by David Gambrill

The busy catastrophe season in Canada thus far is continuing with no signs of slowing down. Two severe weather storms in Ontario this year, one in February and one in March, cost insurers more than $70 million in insured damage,

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Mandatory building fire risk labels proposed

October 7, 2018 by Greg Meckbach

Fire safety can be impacted if a building is made from lightweight, prefabricated material, and legislation under debate would mandate placards for certain construction types in Ontario. “Truss and lightweight construction, when exposed to fire, can pose serious risks to responding firefighters,” Randy

News CatastrophesClaimsInsurance

Ontario already near $1 billion in insured damage in 2018

September 8, 2018 by Jason Contant

With almost three months left in the year, severe weather in Ontario alone has already caused almost $1 billion in insured damage, Insurance Bureau of Canada (IBC) reported Friday. One of the most recent events occurred Aug. 7, when a