Canadian Underwriter

View from the tour boat at the fjords of the Western brook pond in Gros Morne National Park, Newfoundland and Labrador, Canada.
News Earnings / RatingsInsurance

The latest province to approve Facility Association’s profit provision

March 15, 2022 by Alyssa DiSabatino

Facility Association (FA) announced the Newfoundland and Labrador rate board has approved the use of a profit provision for members’ capital. It is the last province to do so, said FA President and CEO Saskia Matheson.   “FA member companies

Private and commercial vehicles drive down a scenic highway. The high bridge at the Pennsylvania Turnpike on the sunny spring day. Lehigh Valley, Poconos region, Pennsylvania, USA.
News Markets / Coverages

Inside Facility Association’s plan to harmonize commercial auto rates

March 14, 2022 by Alyssa DiSabatino

Facility Association will introduce a harmonized rating program for commercial and non-private passenger vehicles, which will help automate the rating process and put the brakes on truck operators trying to game the system, according to FA President and CEO Saskia

News InsuranceLegislation / Regulation

How insurers are changing their treatment of distracted driving

October 12, 2021 by Greg Meckbach

Some Nova Scotia motorists who are caught using their wireless handheld device while driving could face steeper hikes to their auto insurance premiums. In a decision released Oct. 4 , the Nova Scotia Utility and Review Board approved the Facility

News Insurance

Why Facility Association is reducing its trucking deductibles

March 17, 2021 by Adam Malik

Facility Association has announced a reduction in deductibles for the trucking industry. In her remarks at Facility Association’s recent annual general meeting, FA’s president and CEO Saskia Matheson said the 25% deductible rule for high-valued commercial vehicles will be dropped

News Insurance

What’s behind reduced auto risk sharing pool usage

March 11, 2021 by Adam Malik

The use of risk sharing pools for private passenger auto insurance in Ontario and Alberta dropped last year, according to Facility Association. And when it came to the overall usage of risk sharing pools across the country, there was a

News Insurance

How the pandemic made for better strategic planning

March 3, 2021 by Adam Malik

The COVID-19 pandemic forced one insurance association to change how they typically map out their future. The result ended up being a product they believe is better than something that would have been produced in normal times. For many, planning

News Insurance

Unintended M&A consequence: A shrinking carrier residual market

February 3, 2021 by Adam Malik

The number of carriers supporting Canada’s residual market for high-risk auto insureds is shrinking thanks to a combination of player withdrawal and mergers and acquisition activity. Tackling this issue is one of a number of priorities for the Facility Association