Canadian Underwriter

Aerial view of semi-trucks on a highway
News Insurance

Facility’s new approach to prevent truckers from “gaming the system”

June 6, 2022 by David Gambrill

Nova Scotia has approved Facility Association’s approach to rating commercial auto in a way that trucking operators cannot “game the system” and get Nova Scotia’s lower premium rates when they drive more extensively in other Canadian provinces. Essentially, a “surcharge

Model Car on money inside transparent piggy bank
News Insurance

What profit level this regulator expects of insurers

February 15, 2022 by David Gambrill

Nova Scotia’s insurance regulator has approved Intact Insurance for a small rate increase for individually rated commercial vehicles, including interurban trucks, in a decision more noteworthy for its insight into the kind of profit level the regulator expects of insurance

News Insurance

Stability, finally? What insurers and brokers can look forward to in 2022

November 12, 2021 Brooke Smith

Brokers and insurers may see some stabilization in the market in 2022. “We saw tremendous rate pressure, high operating ratios, and low ROIs in 2019 and 2020,” said Kevin Neiles, president, Western Canada and chief markets officer at Gallagher, during

News Commercial LinesInsurance

Regulator approves lower deductibles for commercial vehicles — with a caveat

March 29, 2021 by David Gambrill

Nova Scotia’s auto insurance regulator has approved Facility Association’s request to lower minimum deductibles for commercial vehicles, albeit with one significant caveat and a few “concerns.” The caveat has to do with logistics. For Facility Association’s member carriers, the upshot

Ontario legislature at Queen's Park in Toronto, Ontario government
News Commercial Lines

Why thousands of unsafe commercial vehicles remain on Ontario roads

December 6, 2019 by Greg Meckbach

More than half of Ontario’s commercial vehicle carriers have not been inspected by the province’s transportation ministry in the past two years, and the number of vehicles inspected each year has dropped big-time. These were among the findings in the