Ontario brokers will have a new auto insurance option for their auto customers this July with MyPace, a product intended for vehicles driven fewer than 9,000 kilometres per year, Canadian Automobile Association (CAA) officials said Wednesday. MyPace, which measures distance…
How upcoming Ontario election impacts auto insurance
Only one province in Canada officially accepts electronic proof of auto insurance right now, but industry scuttlebutt suggests police are already accepting them in some quarters, and Ontario will soon be in line to accept the electronic slips. “Word on…
Drivers excluded from coverage on their own policies can still claim accident benefits on the policies of other drivers, as long as they weren’t driving the vehicles from which they were excluded coverage, the Court of Appeal for Ontario ruled…
Distracted driving is getting worse, Canadians say, even as the laws are tightening and public education campaigns are in full gear. More than four out of five Canadians (83%) believe texting while driving is a bigger problem today than it…
Ontario’s Court of Appeal has rejected a claim for excess coverage against State Farm Mutual Insurance Company, reconciling a jury’s seemingly contradictory answers to questions about the “involvement” of an unidentified driver. Carlota Montepeque was driving two passengers in her…
Ontario auto insurance changes announced last week are “unlikely” to reduce disputes over accident benefits claims, an insurance defence lawyer predicts, but brokers and insurers agree the provincial government is moving in the right direction. Finance Minister Charles Sousa’s Dec.…
Ontario’s move to establish a new Serious Fraud Office (SFO), which would help crack down on auto insurance fraud, is widely — if cautiously — praised as a step in the right direction by the province’s property and casualty industry.…
Auto insurance fraudsters are the target of a team of new and dedicated prosecutors and investigators announced by the Ontario government Wednesday. The province said it plans to set up in the spring of 2018 what it calls the Serious…
More than four in five Americans surveyed believe that owners of fully driverless vehicles should have auto insurance and more than a third believe that safety issues will delay or prevent their widespread availability, a survey released Tuesday by American…
Approved rate increases for auto insurance in Ontario were an average of 0.76% in the second quarter of 2017 for insurers representing slightly more than half the market, the Financial Services Commission of Ontario reported recently. FSCO said that for…
The Insurance Brokers Association of Ontario (IBAO) has welcomed the provincial government’s budget pledge to give drivers the option of electronic proof of insurance, a move IBAO suggests will help make insurance more affordable for consumers. The advance is part…