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Ontario legislature at Queen's Park in Toronto, Ontario government
News InsuranceLegislation / Regulation

What the Ontario budget says about auto insurance

April 12, 2019 by Greg Meckbach

Credit scores could soon be used as one factor in determining Ontario auto rates, and the province plans to double coverage for catastrophic impairment, Finance Minister Vic Fedeli suggested in the budget document tabled Thursday. “Drivers should have the choice

News InsuranceLegislation / RegulationTechnology

How this province is handling autonomous vehicle testing

February 21, 2019 by Greg Meckbach

The Ontario government wants to expand testing of autonomous vehicles in the province. “Our government is taking active steps to open the door for expanded testing related to connected and autonomous vehicles in Ontario,” Michael Parsa, parliamentary assistant to the

Ontario legislature at Queen's Park in Toronto, Ontario government
News Legislation / RegulationRiskTechnology

Cyber risk concerns behind this consumer protection law

December 11, 2018 by Greg Meckbach

Identity theft risk increases when banks release customer information to government agencies doing research, an Ontario politician suggests. “The more information flows around, the more likely there is to be a hacking. It’s just like the more you are driving

News InsuranceLegislation / Regulation

Legislature defeats bill quashing territorial ratings in Toronto area

November 5, 2018 by Greg Meckbach

If you have clients living in Brampton or near the intersection of Jane St. and Finch Ave., they will probably continue paying more for auto insurance than if they lived elsewhere in the Greater Toronto Area. A bill proposing to

News ClaimsConstructionRisk

Mandatory building fire risk labels proposed

October 7, 2018 by Greg Meckbach

Fire safety can be impacted if a building is made from lightweight, prefabricated material, and legislation under debate would mandate placards for certain construction types in Ontario. “Truss and lightweight construction, when exposed to fire, can pose serious risks to responding firefighters,” Randy

News InsuranceLegislation / RegulationMarkets / Coverages

How this province is limiting the scope of cannabis risk

September 27, 2018 by Jason Contant

Ontario will soon introduce legislation defining the scope of recreational marijuana use, just weeks before the federal government is scheduled to legalize pot on Oct. 17. The governing Progressive Conservative Party is introducing a tightly-regulated regime in which municipalities will

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Expanded coverage for landlords’ risks

September 18, 2018 by Jason Contant

Managing general agent APRIL Canada announced Tuesday it has launched what it is calling the “only” unpaid rents and damage insurance for landlords in Ontario and Quebec. Historically, these two risks are not addressed by current insurance offerings, as insurers

News Climate ChangeLegislation / Regulation

Tories call for ‘made-in-Ontario’ climate change adaptation plan

August 21, 2018 by Greg Meckbach

Ontario’s new government is promising to address property risk with a “new climate change plan,” but one of the first things it has done is table legislation scrapping a program that charges people for carbon emissions. “We know that the

News InsuranceLegislation / Regulation

Tories pledge to work with industry to lower Ontario auto rates

August 15, 2018 by Greg Meckbach

Ontario’s new finance minister is promising to work with industry to reduce auto insurance rates, but does not want the as-yet-unspecified plan to be a mere “photo opportunity.” Rates have increased for three consecutive quarters, despite several measures over the

News InsuranceLegislation / Regulation

How individual insurers have responded to challenges in Ontario auto

August 14, 2018 by Greg Meckbach

Despite a consensus in the industry that auto insurance rates are inadequate in Ontario, not all insurers are trying to diversify their business to reduce their exposure to this particular line. The Co-operators Group Ltd. “does not intend to reduce

News InsuranceLegislation / Regulation

Ontario PCs historically ‘very receptive’ to auto rate reform: Intact CEO

August 9, 2018 by Greg Meckbach

Ontario’s newly-elected government has been silent on auto insurance reform, but the head of Canada’s largest property and casualty insurance carrier is encouraged by the Progressive Conservative Party’s historical leaning towards loosening rate regulation. The Progressive Conservative Party was returned

News InsuranceLegislation / Regulation

How the old catastrophic impairment definition still affects Ontario auto insurers

August 8, 2018 by Greg Meckbach

It has been more than two years since Ontario changed the definition of catastrophic impairment, but Canada’s largest auto insurer is still dealing with claims that arose under the old cat definition. “Clearly, people are trying to get as much