Auto
Auto rates continue to climb in Ontario but the increase in frequency and severity of claims plays a big role, Insurance Bureau of Canada suggests. None of the 21 Ontario auto insurers who filed for rate changes during the last quarter of 2019 reduced their average rate, the Financial Services Regulatory Authority (FSRA) reported. Rates […]
By Greg Meckbach | February 11, 2020
2 min read
Online direct writer Sonnet has been under-charging auto clients in Nova Scotia who have fewer than 20 years’ experience or less, but that is about to change. As a result of rate changes approved Thursday, the premium increase will be about 50% across Sonnet’s book of business in Nova Scotia. Most of what Sonnet asked […]
By Greg Meckbach | January 10, 2020
3 min read
Sugar plums are likely dancing in the heads of at least some Ontario auto underwriters as a result of a series of developments over the past year. When the government released its budget this past April, it included a bunch of proposed reforms. Among them was a proposal to increase the range of auto insurance […]
By Greg Meckbach | December 23, 2019
Could commercial auto risk be reduced if training was mandatory for drivers of dump trucks, buses and 20-foot cube vans? It’s a question Ontario’s transportation ministry is looking at, the province announced in its recent auditor general’s report. Formal training for has been mandatory for tractor trailer drivers in Ontario for two years. This mean […]
By Greg Meckbach | December 9, 2019
Commercial trucking underwriting rules are killing some small businesses, Ontario’s deputy opposition leader told Canadian Underwriter Friday. John Vanthof, MPP for Timiskaming—Cochrane, is hearing from family-owned businesses that they are not able to find affordable insurance for newly trained and licenced tractor-trailer drivers. “You take the course, you get an AZ licence to take over […]
By Greg Meckbach | November 8, 2019
British Columbia’s Liberal Party, ousted from power in the 2017 election, is calling for an end to the monopoly that a Crown corporation has had on auto insurance since the 1970s. “The B.C. Liberal Caucus believes introducing market competition will not only help B.C. drivers, but it will also help [Insurance Corporation of B.C.] find […]
By Greg Meckbach | October 7, 2019
VANCOUVER – The son of a 71-year-old woman ticketed for distracted driving in downtown Vancouver says a $368 citation issued to his mother has been cancelled by police with an apology. Trevor Kramer says his mother, Randi, was ticketed Monday because her cellphone was charging in the front-seat cup holder. Kramer says she explained that […]
By The Canadian Press | October 7, 2019
Brokers are focused on preventing distracted driving, which is near the top of the agenda for the Insurance Brokers Association of Canada (IBAC). Kent Rowe, IBAC’s new president, told Canadian Underwriter that distracted driving is part of a nascent federal advocacy program for IBAC. “We are in the infancy stages of development of that plan,” […]
By Greg Meckbach | October 1, 2019
Despite a “poorly-worded” section of the British Columbia Motor Vehicle Act, a 24-hour driving prohibition against a suspected impaired driver has been restored in a recent appeal court ruling. In July of 2017, Patrick George Franlin Evans was told by a New Westminster Police officer that Evans would be prohibited from driving for 24 hours. […]
By Greg Meckbach | September 18, 2019
Auto premiums in Canada rose more than 10% last year as loss ratios continue to climb, but some carriers are thinking about what to do if auto revenues come back down, an industry watcher suggests. “Some companies have indicated to us that they anticipate auto premiums declining over the next five years or so,” said […]
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