IBC’s proposal to prevent carriers from exiting this province’s auto market
September 4, 2018 by David GambrillInsurers in Newfoundland and Labrador are calling on politicians to make structural changes to the province’s auto insurance system, saying their recommendations would better align the province’s auto premiums with those elsewhere in the Atlantic region. Specifically, insurers are calling…
Are consumers warming to telematics?
August 28, 2018 by Jason ContantA new survey for belairdirect has found more than half (53%) of polled Canadians would use an app that tracks their driving habits if it meant having a more personalized auto insurance rating. The finding contrasts recent industry comments and…
Regulator reveals reason for electronic pink slips delay
August 28, 2018 by Jason ContantPolice concerns about drivers’ mobile phone privacy rights are a major stumbling block in the introduction of electronic proof of insurance in various parts of the country, provincial financial and insurance regulators have told Canadian Underwriter. Canadian Underwriter recently contacted a…
Feds approve first saliva screening roadside test for marijuana
August 28, 2018 The Canadian PressOTTAWA – Justice Minister Jody Wilson-Raybould is giving the green light to a new roadside test to check for drugs. On Monday, Wilson-Raybould approved the Drager DrugTest 5000 as the first saliva screening equipment to be used by law enforcement…
Tow referral fee rules ‘hard to monitor and enforce,’ insurer warns
August 23, 2018 by Greg MeckbachAuto insurance providers should remind motorists that in the event of an accident, it is usually the driver – not the tow truck operator – who decides where the car gets towed. Motorists often don’t know what rights they have…
Signs of a hardening commercial market
August 20, 2018 by Greg MeckbachShopping around for the best deal for a business client may be getting more difficult as commercial lines prices start to uptick. Among commercial insurers, “it seems there is a little bit of tightening up on the risk appetite,” Raymond…
Court orders parent to produce underwriting file to prove she denied permission for her child to drive
August 16, 2018 by Greg MeckbachIf a parent does not give permission to a child to drive the car, then if the child gets into a serious accident, a court could order the parent to produce the underwriting file to prove they did not grant…
If your clients re-did their driving tests, would they pass?
August 15, 2018 by Jason ContantIf British Columbians had to take their driving test over again, it’s likely that about 40% of them would fail, according to recently released results from the more than 83,000 people that completed the province’s public auto insurer’s Drive Smart…
What private insurers think of changes to B.C. auto insurance model
August 13, 2018 by Jason ContantCanada’s private auto, home and business insurers say the “fair rate” auto insurance model proposed by British Columbia’s public auto insurer last week is “long overdue.” Under the Insurance Corporation of B.C. (ICBC)’s proposed new auto insurance model, higher-risk drivers…
What B.C. brokers think of proposed changes to public insurance model
August 12, 2018 by Jason ContantWhen the Insurance Corporation of British Columbia (ICBC) begins rolling out recently announced changes to its auto insurance rating model, brokers will be on the front lines explaining the changes to clients. And brokers say they need to know more…
Public insurer proposes major shake-up to auto insurance rating model
August 9, 2018 by David GambrillThe Insurance Corporation of B.C. is proposing a significant shake-up of its auto insurance rating system, introducing a “fair rate” system that would have higher-risk drivers paying higher premiums than lower-risk drivers. “We want to make Basic insurance premiums more…
New Canadian auto insurance product coming soon
August 7, 2018 by Greg MeckbachIntact Insurance will be soon launching a new iteration of its usage-based auto insurance (UBI), a company official says. The revelation came during a July 31, 2018 conference call about the insurer’s past quarter results. During the call, an investment…