Keyword
Ontario
The good news and bad news about Ontario auto
September 24, 2020 by Greg MeckbachOntario auto insurance rates were 3.7% lower in the second quarter of 2020, than in the same period in 2019, but were still higher than in the three months ending March 30, 2020, data released Tuesday by LowestRates.ca suggests. “COVID…
Forest fire continues to grow near town in northwestern Ontario
August 12, 2020 The Canadian PressRED LAKE, Ont. – Residents of Red Lake, Ont., continue to flee the community as a nearby wildfire continues to grow. A spokesman for provincial Ministry of the Solicitor General says aircraft are available to help with evacuations, and about…
New boiler inspection rules coming to Ontario agriculture
July 28, 2020 by Greg MeckbachAn exemption from inspection rules for boilers and pressure vessels in Ontario’s agricultural sector is coming to an end. Starting next year, boilers and pressure vessels will have to get a certificate of inspection from the province’s Technical Standards and…
Insurer working on future pandemic coverage for school boards, post-COVID
July 27, 2020 by Greg MeckbachAs the Ontario government prepares its school re-opening plan, the insurer for the majority of the province’s boards is working on a plan to provide pandemic coverage, albeit for future pandemics and not for COVID-19. Within the next six to…
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…