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Updated: What emergency relief will insurers offer customers? Here’s what they told us

May 31, 2021 by Adam Malik

Editor’s notes: This story has been updated to include additional information from Allstate. Insurance Bureau of Canada announced in 2020 that its members are offering reductions in auto insurance premiums for consumers whose driving habits have changed significantly. You can

News Legislation / Regulation

Insurer urges principles-based regulation: ‘You don’t need to tell me exactly what I can do and what I cannot do’

November 3, 2020 by Greg Meckbach

The insurance industry needs principles-based regulation instead of a system with rules for every situation, an Allstate Canada official suggests. “If you have a good system that creates boundaries and guiding principles, and you make sure that nobody violates that,

News Insurance

Allstate ponders appeal in $700,000 lawsuit over Brampton auto insurance allegations

July 30, 2019 by Greg Meckbach

Allstate officials are considering appealing last week’s Ontario court judgement that rejected the company’s $700,000 counter-suit against a former employee. “Our legal counsel is reviewing the decision and we will decide whether to appeal in the next few weeks,” Angie

News InsuranceTechnology

How usage-based insurance affects this carrier’s profits

April 12, 2019 by Greg Meckbach

Pembridge Insurance Company is asking brokers in four provinces to tell auto clients how much they could save by using a usage-based insurance app. Some motorists do not want usage-based insurance, Bob Tisdale, president of Pembridge, said Friday in an

News CatastrophesEarnings / RatingsInsurance

Q3 combined ratio improves 2.1 points for Allstate

February 6, 2017 by Canadian Underwriter

The Allstate Corp. has released its financial results for 2016, reporting catastrophe losses of $2.572 billion for the calendar year, up 49.6% from $1.719 billion in 2015. All figures are in United States dollars. The combined ratio for Northbrook, Ill.-based