Canadian Underwriter

News InsuranceLegislation / Regulation

Insurer CEO to personally visit FSCO asking for higher rates

August 30, 2018 by Greg Meckbach

The newly-elected Ontario government should let carriers change their rates without approval from the Financial Services Commission of Ontario, the president of a mutual that writes auto contends. It “makes sense” to require insurers to file rates with FSCO “but

News InsuranceLegislation / Regulation

Ontario to review postal code auto rate factor

December 12, 2017 by Canadian Underwriter

Auto prices can vary based on the customer’s home address; while this has been a sore point for some consumers, the Insurance Brokers Association of Ontario is urging the regulator to think carefully before changing the use postal code rating

News Insurance

Ontario targets auto fraud with new prosecutors’ team

December 5, 2017 Greg Meckbach, Associate Editor

Auto insurance fraudsters are the target of a team of new and dedicated prosecutors and investigators announced by the Ontario government Wednesday. The province said it plans to set up in the spring of 2018 what it calls the Serious

News Legislation / RegulationMergers and Aqcuisitions

Ontario auto rates up 0.76% in Q2: FSCO

July 20, 2017 by Canadian Underwriter

Approved rate increases for auto insurance in Ontario were an average of 0.76% in the second quarter of 2017 for insurers representing slightly more than half the market, the Financial Services Commission of Ontario reported recently. FSCO said that for