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Early April storm in Ontario, Quebec causes $85 million in insured damage

April 30, 2018 by Jason Contant

A windstorm in early April is estimated to have cost insurers more than $85 million, mostly from home insurance claims in Ontario, according to Catastrophe Indices and Quantification Inc. (CatIQ). The April 4-5 storm brought severe rain and freezing rain,

News CatastrophesClaimsInsuranceReinsurance

Ontario ice storm catches the eye of global reinsurance brokerage

April 20, 2018 by Greg Meckbach

Severe weather earlier this week in Ontario has caught the attention of reinsurance providers. Impact Forecasting LLC, a unit of reinsurance brokerage Aon Benfield, noted Friday that winter weather starting April 13 “left considerable damage across southern sections of Canada’s

News CatastrophesClaims

Insurers consider weekend storm in Ontario Cat event

April 16, 2018 by Greg Meckbach

Recent severe weather in Ontario, with six inches of ice pellets and winds exceeding gale force in some areas, will most likely be a CAT event, insurance companies report. But with rainfall warnings persisting Monday, one insurer reported more than

News Earnings / RatingsInsuranceMarkets / Coverages

Ontario auto insurance rates up in first quarter of 2018

April 16, 2018 The Canadian Press

TORONTO – Auto insurance rates in Ontario increased in the first quarter of 2018, putting the Liberal government further away from its promise to cut rates by 15 per cent. The numbers released Friday by the Financial Services Commission of

News ClaimsInsurance

Tens of thousands without power in southern Ontario due to windstorm

April 4, 2018 The Canadian Press

TORONTO – A powerful windstorm is sweeping through southern Ontario, knocking out power to tens of thousands of people and disrupting travel in the air and on the roads. Environment Canada has issued a wind warning for the region, saying

News InsuranceLegislation / RegulationMarkets / Coverages

Ontario budget 2018: What’s in it for the industry

March 29, 2018 by Greg Meckbach

The Ontario government’s 2018-19 budget document provides some comfort for auto insurers because the province is committing to having the new regulator up and running by April 2019. The Financial Services Regulatory Authority, which will effectively replace the Financial Services

News InsuranceLegislation / Regulation

Why insurers and brokers like Ontario’s budget

March 29, 2018 by David Gambrill

Facing the distinct possibility of a political regime change in Ontario, the province’s auto insurers and brokers are calling on all of the province’s political parties to keep their eyes focused on auto insurance reform as the way to deliver

News InsuranceLegal

Tire-chalking case ends insurer’s bid to establish tort of negligent entrustment in Ontario

March 22, 2018 by David Gambrill

Ontario’s Court of Appeal has rejected an insurer’s appeal that might have helped to establish a tort of “negligent entrustment” in the province. In Ligaj v. Ismail, a decision released on Mar. 20, CUMIS General Insurance Company tried to make

News CatastrophesClaimsInsurance

Southwestern Ontario storm that flooded Brantford cost insurers $57 million

March 20, 2018 by Jason Contant

A February storm that affected Brantford, Ont., as well as other areas of southwestern Ontario and Quebec, is estimated to have cost more than $57 million in insured damaged, Catastrophe Indices and Quantification Inc. (CatIQ) said Tuesday. Between Feb. 19

News CatastrophesClaimsInsurance

January winter storm largely battered one province

March 8, 2018 by Jason Contant

A winter storm in central and eastern Canada at the beginning of the year caused more than $54 million in insured damage, with the majority of damage being in Quebec, Catastrophe Indices and Quantification Inc. (CatIQ) reported Thursday. Of the

News Legislation / Regulation

RSA Canada endorses “all of the recommendations” in Marshall report

February 26, 2018 by Greg Meckbach

Although every Canadian auto insurance system has its problems, a special advisor to Ontario’s finance minister did an “excellent job” in describing the problems specific to that province, says the head of RSA Canada. “I don’t think there is an

Feature Legislation / Regulation

Fraud Squad

February 8, 2018 Kim Donaldson, Vice-President, Ontario Region, Insurance Bureau of Canada

Ontario wants to stamp out auto insurance fraud by creating a dedicated team of fraud prosecutors. Here’s what P&C insurers think of the plan…