How Intact lost this battle over vehicle storage fees
May 16, 2019 by Greg MeckbachCanada’s largest P&C insurer has suffered a setback in its quest to minimize vehicle storage fees. A recent Ontario court ruling means that, for the time being, Intact Insurance has to pay J.P. Towing Service & Storage Limited storage fees…
Allstate Canada debuts telematics app
May 16, 2019 by Jason ContantAllstate Insurance Company of Canada has joined the ranks of insurers providing telematics apps. Allstate Canada said Monday it has debuted a “personalized app for the modern driver” as National Road Safety Week (May 14-20) kicks off in Canada. Several other…
Making auto reform happen
May 16, 2019 by Adam MalikInsurance reform is long overdue, says the head of a medical evaluation company. Don Kunkel, president of Ontario-based AssessMed, which operates in eight provinces, says previous efforts to reform auto insurance have produced results that have been less than desired.…
What insurance companies can do to help police
May 15, 2019 by Adam MalikOttawa police laid more charges related to a busted a car theft ring that saw 50 vehicles stolen and totalled $2.5 million in value. It’s a case in which the Insurance Bureau of Canada (IBC) played a key role in…
How ride-sharing insurance on leased vehicles will change in this province
May 13, 2019 by Greg MeckbachLimiting financial risk to firms that lease out vehicles used for ride sharing is one aim of legislation before Ontario law makers. Right now, the Insurance Act has limits on lessors’ vicarious liability but it “does not account for the…
CU Total Loss Series: Where are the bottlenecks?
May 13, 2019 by David GambrillTotal Loss Series, Part 2: Bottlenecks Imagine Canada’s auto insurance industry saving millions of dollars each year in total loss costs and passing that along to Canadian drivers in the form of premium decreases. And all by simply reducing total…
Are you prepared for insurance quotes through Google Home and Amazon Echo?
May 10, 2019 by David Gambrill“Google Home, Amazon Echo, buy me auto insurance for my new, black 2019 Hyundai Sontata.” If you are a broker, would you be able to handle this voice request for an auto insurance quote? If not, you’d better start strategizing…
Will a robot take your insurance job? Probably.
May 9, 2019 by Jason ContantBored of the same-old, same-old? Why not sharpen your pencil and take that dream job as an actuary? According to the Will Robots Take My Job? website, there is only a 21% chance that actuaries will be replaced by artificial…
New judge represented Insurance Bureau at Supreme Court of Canada
May 9, 2019 by Greg MeckbachA lawyer who represented the Insurance Bureau of Canada at the Supreme Court of Canada in impaired driving cases as been appointed to the bench. Stikeman Elliott LLP partner Nicholas McHaffie was named a Federal Court of Canada judge and…
ICBC plants seed for online auto renewals
May 8, 2019 by Adam MalikA day many British Columbia policyholders have been calling for finally appears to be on the horizon. But it may force some brokers to change how they do business. While hosting an AMA (ask me anything) session on popular social…
Intact ready to work with new Alberta government, likes Ontario budget
May 8, 2019 by Adam MalikAll signs point to positive for Intact when it comes to working with Alberta’s new government. Jason Kenney led the United Conservative Party to victory in April, returning a Conservative government to power after four years of rule by the…
A major risk factor in children being hit by cars
May 8, 2019 Paola Loriggio - THE CANADIAN PRESSA new study suggests children from poorer areas of Ontario face a greater risk of getting hit by vehicles than those from wealthier areas, possibly because they are more likely to walk to school alone. The study – conducted by…