Which Canadian community has the lowest vehicle collision rate?
December 17, 2018 by Jason ContantA community in northern Ontario ranks as the safest for drivers in Canada, with an average vehicle collision rate of 3.8%, according to data from the Allstate Insurance Company of Canada. The 10th Annual Allstate Canada Safe Driving Study found…
How to go direct-to-consumers without ticking off your brokers
December 14, 2018 by David GambrillAre you an insurance company looking to build up your direct-to-consumer capabilities without alienating the broker channel, on whom you rely for your core business? Here are three tips for you, as outlined by bloggers Ned Calder, Shahriar Parvarandeh and…
How this ‘gap’ in privacy law affects tow-truck operators
December 13, 2018 by Greg MeckbachIf your client’s vehicle is towed in Manitoba, the auto insurer will not normally tell the towing company who owns the vehicle. “There is a gap in the [Manitoba privacy] legislation or, at a minimum, the administrative practices of the…
What is Canada’s most stolen vehicle?
December 11, 2018 by Jason ContantFord F-Series trucks once again topped the list of Canada’s most frequently stolen vehicles, according to the Insurance Bureau of Canada (IBC). IBC released Tuesday its annual list of most stolen vehicles in Canada, compiled using data from members across…
What the top court said drivers need to beat an impaired charge
December 7, 2018 by David GambrillImpaired drivers need more than just speculation to prove that a breathalyzer test may not be valid – they must put forward evidence to prove it, the Supreme Court of Canada has ruled. The decision is of interest to the…
Court weighs in on approach for deducting accident benefits from tort damages
December 6, 2018 by Jason ContantAn Ontario court has ruled that accident benefits should be deducted from tort damages using a “silo” approach rather than a strict matching (“apples-to-apples”) approach. In a lengthy and complex decision covering a wide variety of legal points, the Court…
B.C. opposition bill looks to private insurers to fast-track ride-sharing
December 5, 2018 by Jason ContantThe Opposition BC Liberals have introduced a bill they say would bring ride-sharing to the province within three months and allow for private insurance coverage, re-igniting debate over public versus private coverage in British Columbia. The minority NDP government introduced…
Time to increase auto liability coverage: Lawyer
December 5, 2018 by Greg MeckbachOntario’s new government should require motorists to buy more liability coverage than is currently mandatory, a lawyer who represents claimants says. “I think everyone in the insurance industry would agree that $200,000 is far too low,” Joseph Campisi of Vaughan-based…
Why interest rates might not rise further
December 4, 2018 Craig Wong - THE CANADIAN PRESSOTTAWA – The pace of economic growth in Canada slowed in the third quarter as business investment spending fell and the growth in household spending slowed, raising questions about the future pace of interest rate hikes by the Bank of…
Auto insurers’ bitter costs dispute draws rebuke from judge
November 29, 2018 by David GambrillA bitter cost dispute between two auto insurers over an abandoned court action has led to a rebuke from a judge, who ordered Wawanesa to pay Dominion its legal fees. In doing so, Ontario Superior Court Justice Darla A. Wilson…
What you need to know about gap insurance
November 28, 2018 Matt Jones - THE ASSOCIATED PRESSAbout 85 per cent of new car buyers will use some sort of financing to pay for their vehicle, according to credit reporting company Experian. If you’re such a buyer, you can expect that during your purchase a car dealership…
Public insurer’s six-month loss over $500 million
November 26, 2018 by Jason ContantThe Insurance Corporation of British Columbia (ICBC) has posted a net loss of $582 million for the first six months of the current fiscal year. It’s also projecting a year-end financial loss of $890 million for 2018/19. This significant loss…