How telematics may help Alberta truckers’ rates
February 9, 2023 Philip PoradoWith an eye toward improving driving habits, Facility Association (FA) announced the launch of a telematics program for truck drivers in Alberta, effective May 1, 2023. It said the program’s objective is to help drivers and operators correct poor driving…
Facility’s new approach to prevent truckers from “gaming the system”
June 6, 2022 by David GambrillNova 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…
The latest province to approve Facility Association’s profit provision
March 15, 2022 by Alyssa DiSabatinoFacility 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…
Inside Facility Association’s plan to harmonize commercial auto rates
March 14, 2022 by Alyssa DiSabatinoFacility 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…
How insurers are changing their treatment of distracted driving
October 12, 2021 by Greg MeckbachSome 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…
Why Facility Association is reducing its trucking deductibles
March 17, 2021 by Adam MalikFacility 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…
What’s behind reduced auto risk sharing pool usage
March 11, 2021 by Adam MalikThe 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…
How the pandemic made for better strategic planning
March 3, 2021 by Adam MalikThe 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…
Unintended M&A consequence: A shrinking carrier residual market
February 3, 2021 by Adam MalikThe 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…