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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,

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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

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How auto insurance rates are trending in Alberta, Ontario and Atlantic Canada

October 8, 2021 by Jason Contant

Auto insurance rates plunged in Alberta and Ontario this spring, while rates stayed flat in Atlantic Canada, according to Q2 2021 results from LowestRates.ca’s latest Auto Insurance Price Index Report. In Alberta, rates decreased 11% quarter-over-quarter after a steep incline

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How well do your clients understand their auto insurance?

August 19, 2021 by Jason Contant

If your clients are taking a test on auto insurance, it’s likely they would barely pass, the results of a recent Ratehub.ca survey reveal. Rate comparison site Ratehub.ca reported last week the results of a poll of more than 1,300

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As COVID ends, watch for consumers to report changing conditions

June 23, 2021 by Jason Contant

Now that the commute back to the office is a distinct possibility in the upcoming months, insurance providers should be making sure their clients have the right level of auto insurance coverage, particularly if it changed during the pandemic, the

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How many of your clients asked their auto insurer for premium relief?

June 22, 2021 by Jason Contant

Many Canadians have been driving far less during the COVID-19 pandemic, but more than half of them did not reach out to their auto insurer to inquire about discounts or changes to their policies, according to a new survey from

cay keys on top of an auto insurance policy
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Second auto insurance rebate coming in B.C. 

June 14, 2021 The Canadian Press

VICTORIA – A second insurance rebate is coming for British Columbia drivers thanks to lower claim costs due to fewer crashes during the COVID-19 pandemic.   The government says the Insurance Corporation of B.C. will begin distributing rebates averaging $120 starting

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Fairness officer role approved as ICBC launches enhanced care auto insurance

June 7, 2021 The Canadian Press

VICTORIA – The Insurance Corporation of British Columbia has created a new position aimed at ensuring the Crown-run auto insurer makes fair and transparent decisions related to its newly launched enhanced care plan. A statement from the Ministry of Public

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How rising interest in electric vehicles affects auto insurers

May 18, 2021 by Jason Contant

The number of customers looking to insure an electric vehicle (EV) is rising, which is having a ripple effect on auto carriers due to the increased cost to insure these vehicles, according to a recent report from LowestRates.ca. Year-over-year, there

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B.C. applying for stay in court ruling on auto injury claims: Attorney General

April 6, 2021 The Canadian Press

VICTORIA – British Columbia is applying for a partial stay in a recent B.C. Supreme Court ruling about jurisdiction over motor vehicle injury disputes, pending its appeal of the same decision, Attorney General David Eby said this week. The March

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What could happen to your jury notice under rules of simplified procedure during COVID

March 18, 2021 by David Gambrill

If an insurer consents to defend a client’s auto liability claim under an Ontario court’s rules of simplified procedure, then that client could lose their option for a jury trial — especially when the pandemic causes delays in forming a

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RSA Canada approved for credit scoring in auto

March 16, 2021 by David Gambrill

Nova Scotia’s insurance regulator has approved RSA Canada’s proposed introduction of a “Quality Rating Factor” (QRF), which uses credit scoring for rating auto insurance. RSA Canada’s proposed QRF, obtained with the client’s consent, will only apply to writing new auto