Insurer CEO to personally visit FSCO asking for higher rates
August 30, 2018 by Greg MeckbachThe 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…
Ontario to review postal code auto rate factor
December 12, 2017 by Canadian UnderwriterAuto 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…
Ontario targets auto fraud with new prosecutors’ team
December 5, 2017 Greg Meckbach, Associate EditorAuto 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…
Ontario auto rates up 0.76% in Q2: FSCO
July 20, 2017 by Canadian UnderwriterApproved 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…