Human driver distracted before fatal autonomous Uber crash
June 22, 2018 Tom Krisher and Jacques Billeaud - THE ASSOCIATED PRESSPHOENIX – The human backup driver in an autonomous Uber SUV was streaming the television show “The Voice” and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report. The 300-page report released Thursday…
Are independent brokerages in Canada adopting digital technology?
June 13, 2018 by Jason ContantWhile independent brokerages in four countries (including Canada) are not fully embracing digital technology in 2018, Canadian brokerages are showing an increased adoption of cloud hosting, according to a new annual report from software vendor Applied Systems. Applied released Tuesday…
How telematics affected this insurer’s loss ratio
June 10, 2018 by Greg MeckbachCould Canadian insurers cut auto claims costs by 15% by using telematics? Perhaps, if they could somehow import the experience of European insurers. An unnamed European insurer compared its auto insurance customers who were using telematics with its customers who…
Improved traffic management cheapest way to reduce congestion: CAA
June 6, 2018 The Canadian PressTORONTO – The Canadian Automobile Association says there are a number of simple measures that could be taken to reduce congestion on roads across the country. A CAA-commissioned study released last year estimated the country’s worst bottlenecks result in 11.5…
Sharing the Road
June 6, 2018 Emily Atkins, EditorWho will be in charge as autonomous vehicles and human-driven cars operate side by side on our highways?
Should accident benefits for minor injuries be optional?
June 5, 2018 by Greg MeckbachShould greater choice in auto insurance for Ontario motorists include the ability of insureds to opt out of benefits for minor injuries? David Marshall, a special advisor to Finance Minister Charles Sousa, has questioned whether accident benefits should cover minor…
Ontario Election 2018: Trailing Liberals promise auto insurance discounts
June 4, 2018 by Greg MeckbachPolls show the Ontario Liberals will not likely govern the province after the election this Thursday but, for what it’s worth, a vote for Liberal candidates is a vote for insurance discounts for motorists who use apps intended to discourage…
If politicians get rid of territorial ratings, then what?
June 3, 2018 by David GambrillOntario’s political parties have all expressed a desire at some point this year to eliminate territory as a rating factor for insurance premium, but none of the parties have been clear about how they would actually do it, an insurance…
Devious ways your clients are trying to get better auto rates
May 30, 2018 by Greg MeckbachTerritorial ratings have prompted some Ontario motorists to lie about where they live on their applications in order to get a lower auto insurance rate, so brokers need to caution clients on the importance of telling the truth, a local…
BMO and CIBC’s Simplii warn fraudsters may have accessed data of 40,000 clients
May 28, 2018 The Canadian PressTORONTO – Two of Canada’s biggest banks are warning that “fraudsters” may have accessed certain personal and financial information from some customers. The Bank of Montreal said fraudsters contacted the bank on Sunday claiming to be in possession of certain…
Here’s one way that lower auto insurance rates could increase profits
May 24, 2018 by Greg MeckbachWith new technology-driven auto insurance on the horizon, some motorists will drive less and buy insurance from carriers who target low-mileage vehicles, the founder of a comparison shopping provider suggests. Several Ontario auto insurers will probably launch products similar to…
New Ontario auto insurance product targets infrequent drivers
May 23, 2018 by Greg MeckbachOntario brokers will have a new auto insurance option for their auto customers this July with MyPace, a product intended for vehicles driven fewer than 9,000 kilometres per year, Canadian Automobile Association (CAA) officials said Wednesday. MyPace, which measures distance…