Keyword
Ontario
Auto, cargo theft funding terrorist activity: Insurance Analytics Canada Summit speaker
July 4, 2017 Greg Meckbach, Associate EditorThe proceeds of cargo theft and auto theft are in some cases funding terrorist activity, while accident benefits fraud in Ontario continues to be a problem, an Insurance Bureau of Canada speaker suggested to attendees at the Insurance Analytics Canada…
Road Block
June 29, 2017 Daniel Strigberger, Partner, Samis+Company; and Ken Parsons, Consultant, Everest CanadaOntario brokers and insurers need to know about upcoming changes to the definition of road-building machines. Certain machines will no longer be included in package, inland marine or other coverage forms, meaning they must now be registered/licensed and insured under an Ontario auto policy. Should an injury occur involving a machine that is not so insured, losses could exceed limits.
Gore Mutual Insurance Company to acquire Howard Noble Insurance Limited
June 29, 2017 by Canadian UnderwriterGore Mutual Insurance Company announced on Wednesday that is has agreed to acquire Howard Noble Insurance Limited, a regional broker in Georgian Bay and Simcoe County in Ontario. Gore Mutual CEO Heidi Sevcik noted in a press release that Noble…
Canadians “greatly overestimate” their financial literacy skills, including those related to auto insurance: survey
June 27, 2017 by Canadian UnderwriterMore than two-thirds (67%) of polled Canadians responded incorrectly when asked if an expensive car always costs more to insure that a cheaper car, according to a new survey on Canadians’ financial literacy. Commissioned by Toronto-based LowestRates.ca, which provides a…
Weaker inflation slows to 1.3%, could weigh on Bank of Canada’s rate decision
June 23, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Steps by the Bank of Canada to prepare the country for an eventual interest rate hike are bumping up against an inflation rate that has eased up on the accelerator. Weaker year-over-year growth in gasoline prices last month…
Federal rail safety bill would set ‘strict criteria’ on how locomotive voice and video recorder data could be used: Garneau
June 21, 2017 by Canadian UnderwriterCanada’s transport minister says federal legislation mandating locomotive voice and video recorders would, if passed into law, give the rail industry “opportunities to mitigate risks” but an opposition MP recently warned such a law could violate employees right to privacy.…
One in five fatal road crashes in Ontario involves a transport truck: provincial police
June 20, 2017 by Canadian UnderwriterOne in five fatal road crashes in Ontario between 2012 and 2016 involved a transport truck, the Ontario Provincial Police (OPP) reported late last week. Among the 1,342 fatal motor vehicle collisions on OPP-patrolled roads between 2012 and 2016, 266…
Multiple access points for single customer to obtain electronic communications could be detrimental to Ontario consumer: IBAO
June 16, 2017 by Canadian UnderwriterCreating multiple access points for a single consumer to obtain electronic communications, including e-documents, could be detrimental to the Ontario consumer, the Insurance Brokers Association of Ontario (IBAO) argued in a position paper released on Thursday. IBAO released the paper,…
Quebec homeowners face potential post-flooding woes: mosquitoes, critters, parasites
June 12, 2017 Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – Even as swollen rivers have receded in Quebec, some experts suggest historic flooding this year could mean critter and pest-related woes in months and years to come. For now, heavy water accumulation has created standing pools of water…
May storms in Ontario, Quebec and the Maritimes caused hundreds of millions in damage and damaged more than 5,200 homes: Aon Benfield
June 8, 2017 by Canadian UnderwriterSeveral low pressure systems that brought heavy rainfall to portions of Ontario, Quebec and the Maritimes last month caused “hundreds of millions” in U.S. dollars and damaged more than 5,200 homes, according to Impact Forecasting’s latest Global Catastrophe Recap for…
CSIO announces eSlips, “an industry solution for the digital delivery of proof of auto insurance cards”
June 7, 2017 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) has announced what it is calling “an industry solution for the digital delivery of proof of auto insurance cards, or eSlips.” CSIO announced the solution at Gore Mutual Insurance Company’s Fast Forward…
New State Farm Canada app includes telematics and water detection programs, account access
June 5, 2017 by Canadian UnderwriterState Farm Canada announced on Monday that it has released a new app that includes telematics and water detection programs, as well as easy account access. The free State Farm Canada App, available on Apple’s App Store and Google Play,…