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News Insurance

Post-Kenney, will the auto rate cap return after the next AB election?

June 27, 2022 by Jason Contant

Outgoing Alberta Premier Jason Kenney’s announcement last month that he will step down following a leadership review is raising concerns among brokers in the province about the possibility of another auto insurance rate cap. In 2017, Alberta’s NDP government under

Insurance broker discussing and consulting on auto insurance policy
News Insurance

Broker or insurer: Who’s responsible for letters of non-renewal on auto policies?

June 23, 2022 by Jason Contant

The issue of how much responsibility an Ontario broker has for sending out non-renewal notices to auto insurance clients is in the spotlight, featuring an online discussion focused on adequate notice time and the possibility of errors and omissions (E&O)

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News ClaimsInsuranceRisk

Will the oil shock slow auto insurers’ post-pandemic loss ratios?

June 21, 2022 by David Gambrill

Insurers have been sounding the alarm about their auto claims ratios returning to normal post-pandemic, but expect the oil shock to temper that expectation somewhat, P&C industry execs predict. The war in Ukraine and consequent embargo on Russian oil have

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News Insurance

How low can Ontario auto insurance rates be slashed?

May 24, 2022 by Jason Contant

The Ontario NDP’s proposal to lower auto insurance rates by 40% may be a little high, but a 25% to 30% cut in total premiums is possible, says financial management consultant David Marshall. In its platform released before the upcoming

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News Insurance

Ontario auto: Should employee benefits or auto insurers pay out first?

May 17, 2022 by Jason Contant

If the Ontario Progressive Conservative Party moves ahead with one of its proposed changes to auto insurance, it could result in increased claims costs for auto insurers, or else shift the burden more onto extended (supplementary) health insurance policies, says

Andrea Horwath making a policy announcement in Brampton, Ont.
News Insurance

NDP auto platform: 40% rate cut, frozen rate increases, and a Fair Pricing Commission

May 11, 2022 by Jason Contant

Ontario NDP Leader Andrea Horwath has proposed to lower auto insurance rates by 40% and investigate a “new system” for auto insurance that could include a public or partially public system.  Horwath says if she is elected premier in the

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News InsuranceMarkets / CoveragesRisk

Kilometres driven: TD’s non-UBI approach

April 20, 2022 by David Gambrill

While many insurers tout usage-based insurance as the most accurate way to rate kilometres driven, TD Insurance is offering a new twist on an old ratings variable. To offer consumers choice, and a more accurate assessment of their driving risk,

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How auto could be the force that eats into Canadian insurers’ results

April 8, 2022 by David Gambrill

With ROE levels in the Canadian P&C industry at a historic high of 17%, count Lloyds Canada among the list of insurance providers that caution the industry not to squander the hard-won gains of the hard market in a bid

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News Insurance

Reduce lawsuits, regulatory burden to improve private auto: report

March 30, 2022 by Jason Contant

Restricting lawsuits to only the most serious auto accident cases is one reform provincial governments in private auto insurance sectors should adopt to improve the cost and value of auto insurance, says financial management consultant David Marshall. Marshall is a

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News Insurance

Insuring catastrophic auto injuries: Recommendations for reform

March 29, 2022 by Jason Contant

Adequate coverage on a no-fault basis for catastrophically injured accident victims is probably the most value that personal injury auto insurance should deliver, says David Marshall, a financial management consultant who has served as a senior advisor to the Government

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News BrokersInsuranceLegislation / Regulation

What happens when a broker schemes to drive uninsured…

March 24, 2022 by David Gambrill

A former B.C. broker has been disciplined after she cancelled an auto insurance transaction and then affixed the cancelled sticker to her car’s licence plate, essentially allowing her to drive uninsured for several months. The former broker, whose licence has

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News Insurance

David Marshall: How to fix private sector auto insurance

March 24, 2022 by Jason Contant

Editor’s Note: This story has been updated to include comment from Insurance Bureau of Canada   Faulty design features of private-sector auto insurance and excessive government regulation are the main reasons to blame for challenges facing the private-sector auto markets,