Broker training underway for new distance-based auto insurance
May 23, 2018 by Greg MeckbachBrokers selling auto insurance written by the CAA Insurance are now getting trained on a new product targeting low-mileage drivers. All 41 of CAA Insurance’s broker partners “are being trained on all aspects” of MyPace, CAA Insurance president Matthew Turack…
Auto fraud: a cost of doing business?
May 17, 2018 by David GambrillCanada’s property and casualty insurance industry should do much more to fight auto insurance fraud, a senior claims representative of Canada’s second largest insurer says. “It’s easy to come down on every little auto repair facility, or some of these…
Drivers say auto insurance in this province is “financially difficult” to afford: poll
May 14, 2018 by Jason ContantNearly two-thirds of polled drivers in Newfoundland and Labrador have said that auto insurance has become “financially difficult” to pay for, according to a new poll commissioned by Aviva Canada. “The system is broken and insurers, government and other stakeholders…
Why Supreme Court ruling in car theft case offers little comfort to insurers
May 14, 2018 by Greg MeckbachLiability risk for companies having control of vehicles may be somewhat lessened with the Supreme Court of Canada’s recent ruling in Rankin (Rankin’s Garage & Sales) v. J.J., but a plaintiff injured as a result of a vehicle theft can…
How fear of ‘jackbooted brownshirts’ complicates cyber risk management
May 11, 2018 by Greg MeckbachManaging the risk posed by the “dark web” is made all the more difficult by some people’s mistrust of police, a former top Royal Canadian Mounted Police officer suggested Thursday. “Cyber crime requires a different approach than just the preventative…
Supreme Court says garage not liable for teen crash in stolen car
May 11, 2018 The Canadian PressOTTAWA – A garage owner should not be held responsible for the terrible injuries a teen suffered when he and a friend stole a car from his lot and crashed it in a “tragic set of events,” the Supreme Court…
CatIQ releases updated toll of April ice storm damage
May 10, 2018 by Jason ContantThe mid-April ice storm in southern Ontario and Quebec cost insurers more than $190 million, Catastrophe Indices and Quantification (CatIQ) said Thursday. CatIQ has reported more than 15,000 insurance claims, including 1,800 car collisions, due to the storm. Strong winds,…
Belair court victory exposes how clinics can abuse auto claims system
May 9, 2018 by David GambrillBelair Direct has succeeded in quashing an auto insurance claim that illustrates how rehab and assessment clinics can potentially abuse Ontario’s accident benefits law. In its ruling in Belair Direct Insurance Company v. Green, an accident benefits case, the Ontario…
New Brunswick floods: ‘This could get very uncomfortable,’ officials warn
May 2, 2018 Kevin Bissett - THE CANADIAN PRESSSAINT JOHN, N.B. – People were being urged to evacuate their homes Wednesday as rising floodwaters threatened to surpass record-setting water levels in areas along the Saint John River, with one fire chief warning residents: “This could get very uncomfortable.”…
Early April storm in Ontario, Quebec causes $85 million in insured damage
April 30, 2018 by Jason ContantA windstorm in early April is estimated to have cost insurers more than $85 million, mostly from home insurance claims in Ontario, according to Catastrophe Indices and Quantification Inc. (CatIQ). The April 4-5 storm brought severe rain and freezing rain,…
Simplifying claims involving automated cars
April 26, 2018 by David GambrillCanada’s insurers are developing a framework for insuring automated vehicles that is designed for handling auto claims quickly, regardless of whether tort liability arises from human error or a manufacturing defect in the automated vehicle. “We all know the automated…
Rental agencies struggle with screenings as security concerns rise
April 25, 2018 Ian Bickis - THE CANADIAN PRESSMonday’s deadly rental van rampage in Toronto shows how quickly a vehicle can be turned into a weapon, but rental agencies are finding few clear options to prevent their property from involvement in such violent acts. The urgency to find…