Segment
Consumers
Ontario budget 2018: What’s in it for the industry
March 29, 2018 by Greg MeckbachThe 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…
Why insurers and brokers like Ontario’s budget
March 29, 2018 by David GambrillFacing 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…
Healthcare providers billing ‘impossible’ hours treating car crash victims
March 29, 2018 Colin Perkel - THE CANADIAN PRESSTORONTO – Hundreds of health-care providers in Ontario are billing insurance companies for an improbable number of daily hours spent treating car crash victims, recent insider data suggest. However, no one appears to be leading a charge against the potentially…
A government that actually followed through on its promise to reduce tax on insurance premiums
March 28, 2018 by Jason ContantDrivers in Newfoundland and Labrador can thank the province’s improved financial situation for a lower tax burden on auto insurance premiums in 2018. If the province’s financial situation continues to improve, the government said it might consider reducing the tax…
Insurers applaud provincial decision to remove retail sales tax on insurance premiums
March 27, 2018 by Jason ContantNewfoundland and Labrador’s decision to remove 5% of the retail sales tax paid on auto insurance premiums over the next four years will help return stability to the market, the Insurance Bureau of Canada (IBC) said Tuesday. Tom O’Handley, manager…
Mobile app offers an ounce of prevention to P&C insurance consumers
March 22, 2018 by Jason ContantAs Canada’s wireless providers prepare to provide mandatory smartphone alerts for natural disasters and other emergencies, Desjardins General Insurance Group (DGIG) will soon allow its customers access to a severe weather alert system through mobile apps. This week, the Canadian…
‘No indication’ of where Ontario premier hopeful Ford stands on auto insurance
March 20, 2018 by Greg MeckbachWith an Ontario election scheduled in three months, there is no telling what – if anything – a new government would do with the auto insurance file. If the Ontario election were held today, the new premier could very well…
Desjardins’ weather alerts: sign of a preventative insurance model?
March 19, 2018 by Jason ContantDesjardins General Insurance Group (DGIG) will soon launch severe weather alerts allowing consumers to take pre-emptive steps to protect their property from potential damage. The move is indicative of a larger trend towards a preventative insurance model, as found in…
IBAM Endorses CSIO’s My Proof of Insurance eDelivery Solution
March 15, 2018 by CSIO (Centre for Study of Insurance Operations)TORONTO, March 15, 2018 /insPRESS/ – CSIO is pleased to announce that the Insurance Brokers Association of Manitoba (IBAM) has endorsed its My Proof of Insurance eDelivery solution to send consumers their policy documents for personal and commercial lines electronically. The solution…
New Canadian water product covers service line damage
March 9, 2018 by Jason ContantAllstate Insurance Company of Canada has launched a water protection package that “differentiates itself from others on the market” by offering service line coverage as well as sewer backup, overland water and sewer backup mitigation coverage. On Thursday, Allstate Canada…
ICBC to remodel system to reward low-risk drivers
March 6, 2018 Dirk Meissner - THE CANADIAN PRESSVICTORIA – Major shifts in direction are being considered to ensure good drivers in British Columbia receive lower insurance rates, says the minister responsible for the province’s public auto insurer. David Eby said the government introduced an online survey Monday…
For how long will a ransomware attack knock out your client’s operations?
March 5, 2018 by Jason ContantCompanies in Canada and the United States can expect one week of downtime as a result of a ransomware attack, speakers said at NetDiligence’s recent Cyber Risk Summit in Toronto. “A decryption effort, even in the best case scenario, is…