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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

Car insurance policy with key
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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,

Option of Male, Female or Gender X
News Insurance

How Gender X affects auto ratings for insurers

March 1, 2022 by Jason Contant

Public auto insurer Saskatchewan Government Insurance (SGI) is the latest insurer to offer auto insurance clients the choice of no sex (blank) designations. The change will not affect SGI Canada customers in Saskatchewan, since gender or sex designation is not

Winter road in Toronto
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Why don’t Ontario auto insurance clients have more choice?

February 2, 2022 by Jason Contant

Ontario auto insurance consumers would love the option to purchase a scaled-down auto insurance policy tailored to their individual needs and budgets, a speaker said at an industry event last week hosted by the Financial Services Regulatory Authority of Ontario

Overview of Vaughan, Ontario
News Insurance

Why did auto insurance rates go up in some Ontario communities?

January 31, 2022 by Jason Contant

While auto insurance premiums across Ontario dropped an average of 3.8% last year from 2020, certain areas saw single- or double-digit increases, according to a recent report from rate aggregator Ratesdotca. The cities of Nobleton, Schomberg, Orangeville and King City,

News Insurance

Onlia names two new executives

January 28, 2022 Canadian Underwriter Staff

Digital auto and home insurance provider Onlia appointed Lambert Morvan as its new CEO and named Fleur Dujardin president effective Jan. 1, the company said. The two executives succeed Pieter Louter, who started the company. Louter is returning to Achmea in the Netherlands. “We

Auto insurance policy with keys
News Insurance

How this regulator is approaching the ‘take-all-comers’ auto insurance rule

January 28, 2022 by Jason Contant

The Financial Services Regulatory Authority of Ontario (FSRA) is actively supervising insurers on its “take-all-comers” guidance. “We’re requiring them to review their practices. We’re requiring them to report on this review later in [2022], and to establish remediation plans for

News Insurance

Most expensive place to insure your car in Ontario

January 25, 2022 by Jason Contant

Vaughan, Ont., has replaced Brampton as the most expensive city in Ontario for car insurance in 2021, according to a new report from rate comparison site Ratesdotca. With estimated annual insurance premiums of $2,179, Vaughan is now the costliest city

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Car owners score poorly on auto insurance quiz

January 20, 2022 Canadian Underwriter Staff

Canadians who have auto insurance really need to re-read the fine print on their policies, a recent survey found. A poll of more than 1,300 auto policy holders, conducted by rate comparison site Ratehub.ca, focused on 10 common misconceptions around

News Insurance

Auto insurer issues third COVID rebate

January 11, 2022 by Jason Contant

Manitoba Public Insurance (MPI) is issuing its third COVID-19 auto insurance rebate in less than two years. The latest rebate totalling $312 million equals about $328 on an average private passenger policy, MPI said in a press release Dec. 30,

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Talk to home and auto clients about changes that may affect premiums

December 23, 2021 Brooke Smith

Canadians getting ready to ring in 2022 probably aren’t thinking about insurance coverage. Clients are required to alert brokers to any changes that might impact their coverage throughout a policy period — regardless of the renewal date, said Anthea McFarland,

News Insurance

More than half of polled Canadians keep their auto insurer for five years or longer

November 24, 2021 Philip Porado

A whopping 84% of Canadians have stayed with their auto insurer for two or more years and 58% have remained with the same company for more than five years, according to a Ratehub survey. What’s more 23% said they’ve stayed