What brokers think of this tax change on auto insurance
June 20, 2019 by Jason ContantThe Insurance Brokers Association of Newfoundland and Labrador (IBAN) is happy with regulatory amendments that would eliminate the remaining 13% retail sales tax (RST) on auto insurance in the province. “IBAN is pleased to see the elimination of the RST…
Why this bar is partly liable for impaired driving accident
June 20, 2019 by Greg MeckbachOffering 12 beers for less than half price might be a good way for your client to get a crowd of customers into its bar, but it is not necessarily the best risk mitigation strategy. A Niagara area bar is…
Debate over liability when pedestrian hit on road with no sidewalk
June 19, 2019 by Greg MeckbachIf your client hits a pedestrian while driving slightly faster than the limit in a dark rain storm, does that mean he or she is liable? It depends which judge you ask. Prashant Jadhav was walking down the shoulder of…
A ‘creative’ way of rolling out vehicle sharing insurance
June 18, 2019 by Greg MeckbachInsurance for the recreational vehicle sharing economy is now available in Nova Scotia, RVezy Inc. announced Tuesday. Ottawa-based RVezy operates RVezy.com, a website that matches owners of recreational vehicles with renters. There are more than two million RVs in Canada and…
Electronic logs will be mandatory for truck, bus drivers
June 14, 2019 THE CANADIAN PRESSETOBICOKE, Ont. – Transport Canada says it will require all commercial drivers to have electronic logging devices – one of the recommendations from a coroner’s report into the Humboldt Broncos bus crash. The federal department says the tamper-resistant devices will…
Why this vehicle accident defendant tried to quash $850,000 settlement
June 14, 2019 by Greg MeckbachAdjusters handling auto liability claims shouldn’t be too quick to settle and take what the plaintiff’s lawyer is saying with a grain of salt. These are among the takeaways from Thursday’s Supreme Court of Canada decision in Fleury v. Paulus.…
Quebec’s largest brokerage grows with latest acquisition
June 14, 2019 by Jason ContantLarge Quebec brokerage Lussier Dale Parizeau has acquired the assets of Petrela, Murray, LeBlanc Inc., another brokerage in the province. With the acquisition, Lussier Dale Parizeau now totals $475 million in premium volume, the brokerage said in a press release…
What is costing Alberta auto insurers the most
June 13, 2019 by Jason ContantThird-party liability coverage continues to be the bane of Alberta auto insurers’ existence, the province’s Automobile Insurance Rate Board (AIRB) revealed in its 2018 annual report. Provincial auto insurers collect 53% of every dollar for third-party liability coverage, but are…
CU Total Loss Series: Bending Time
June 13, 2019 David Gambrill, Editor-in-ChiefTotal Loss Series, Part 3: Solutions Imagine Canada’s auto insurance industry saving millions of dollars each year in total loss costs and passing that along to Canadian drivers in the form of premium decreases. And all by simply reducing total…
Why is New Brunswick’s loss ratio the highest in Canada?
June 12, 2019 by Jason ContantWhat is contributing to New Brunswick’s skyrocketing loss ratio? According to Canadian Underwriter’s 2019 Statistical Issue, the total (direct) loss ratio for the province last year was 100.8%, up 22 points from 78.8% in 2017. This makes it the highest…
Mainstream autos get driver monitoring devices
June 4, 2019 By Tom Krisher - THE ASSOCIATED PRESSDETROIT – Would you pay more for a car or SUV that warns you if you’re falling asleep or not paying attention behind the wheel? Auto companies are figuring that because your life could depend on it, you will. As…
BrokerLink makes third acquisition in May
May 31, 2019 by Jason ContantBrokerLink has made its third acquisition in May with the purchase of Alberta independent insurance brokerage Thomson Schindle Green Insurance & Financial Services Ltd. (TSG). With branches in Medicine Hat, Calgary, Brooks, Bassano and Edmonton, TSG has been providing insurance…