How auto accident defendants who admitted liability were awarded $61,000 in costs
July 11, 2019 Colin Perkel - THE CANADIAN PRESSTORONTO – A woman awarded $50,000 by a jury for injuries suffered in a car crash will have to pay more than $61,000 to cover the costs of the two men she sued, even though losers in a lawsuit are…
How auto manufacturers could write insurance in Canada
July 9, 2019 by Greg MeckbachIf a vehicle manufacturer wants to write auto insurance in Canada, it would need to have a subsidiary that is approved by the government to write insurance, says Ottawa’s insurance regulator. Asked whether an auto manufacturer can insure P&C risks…
Does anyone still believe that $200,000 is enough auto liability coverage?
July 8, 2019 by Greg MeckbachAlthough Ontario motorists can legally put their vehicles on the road with as little as $200,000 in liability coverage, brokers likely wouldn’t want one of those motorists for a client. “There is no way you can justify why you sold…
Why LAT’s first catastrophic impairment case must be re-heard
June 25, 2019 by Greg MeckbachThe Ontario Licence Appeal Tribunal [LAT]’s first ruling on a disputed catastrophic impairment claim is now officially quashed, the province’s appeal court confirmed in a decision released Friday. As it stands, the disputed claim now has to go before a…
What insurers requested of police chiefs
June 24, 2019 by Adam MalikInsurers are calling on greater collaboration with law enforcement to help fight auto insurance fraud. The cost of auto insurance fraud is overwhelming, and no one industry can tackle it alone, Don Forgeron, president and CEO of the Insurance Bureau…
What cabinet upheaval means for auto reform progress
June 24, 2019 by Adam MalikOntario Premier Doug Ford has made drastic changes to his cabinet just months after including auto reforms in its first budget. Taking over as finance minister – and in effect, the auto insurance file – will be Rod Phillips. The…
Why insurers can expect claims from the Raptors parade
June 21, 2019 by Adam MalikIt won’t surprise at least one lawyer to hear about insurance claims stemming from the Toronto Raptors championship parade. There were plenty of exposures present during the event on June 17, mainly because of a lack of resources available and…
What open banking means for brokers
June 21, 2019 by Greg MeckbachBrokers should see open banking as more of an opportunity than a threat, a partner with EY Canada suggests. Open banking is a system in which consumers could consent to sharing their banking transaction data with other financial services providers,…
What brokers think of this tax change on auto insurance
June 20, 2019 by Jason ContantThe Insurance Brokers Association of Newfoundland and Labrador (IBAN) is happy with regulatory amendments that would eliminate the remaining 13% retail sales tax (RST) on auto insurance in the province. “IBAN is pleased to see the elimination of the RST…
A ‘creative’ way of rolling out vehicle sharing insurance
June 18, 2019 by Greg MeckbachInsurance for the recreational vehicle sharing economy is now available in Nova Scotia, RVezy Inc. announced Tuesday. Ottawa-based RVezy operates RVezy.com, a website that matches owners of recreational vehicles with renters. There are more than two million RVs in Canada and…
Why this vehicle accident defendant tried to quash $850,000 settlement
June 14, 2019 by Greg MeckbachAdjusters handling auto liability claims shouldn’t be too quick to settle and take what the plaintiff’s lawyer is saying with a grain of salt. These are among the takeaways from Thursday’s Supreme Court of Canada decision in Fleury v. Paulus.…
Quebec’s largest brokerage grows with latest acquisition
June 14, 2019 by Jason ContantLarge Quebec brokerage Lussier Dale Parizeau has acquired the assets of Petrela, Murray, LeBlanc Inc., another brokerage in the province. With the acquisition, Lussier Dale Parizeau now totals $475 million in premium volume, the brokerage said in a press release…