Claims
Federal budget changes could create new tax liability for Canadian P&C insurance companies
By Phil Porado | April 12, 2022
3 min read
Eighty-three per cent of Canadian drivers engage in at least one distracted driving behaviour, and this has only increased in the past year, finds a recent survey. But distracted driving doesn’t come without its costs. Non-digital distractions lead the survey results, with 67% of respondents reporting they eat or drink water/coffee while driving. Fifty-eight […]
By Alyssa DiSabatino | April 11, 2022
2 min read
A claimant who lied to TD Insurance so that her acquaintance could collect accident benefits does not have to repay her own benefits.
By David Gambrill | April 11, 2022
Lloyds Canada cautions the industry not to squander the hard-won gains of the hard market in a bid to drop rates and gain market share.
By David Gambrill | April 8, 2022
Atlantic Canadians can expect to see more and increasingly intense hurricanes, as sea surface temperatures continue to warm up.
By David Gambrill | April 7, 2022
Starting Apr. 22, Ontario drivers will be able to take six sections of highway, primarily in the southern part of the province, at 110 km/h. Highway segments where speeds will permanently rise from 100 km/h to 110 km/h are: “Both the operating speeds and collision trends within these sections have remained comparable to other similar […]
By Phil Porado | April 7, 2022
Nova Scotia community and industry stakeholders have shared their input on the Coastal Protection Act, and an Insurance Bureau of Canada representative says the financial case for supporting the act is clear. Passed in 2019, the legislation aims to restrict development in places where Nova Scotian homes and businesses may be at risk from coastal […]
By Alyssa DiSabatino | April 6, 2022
Commonly used rating factors in personal lines insurance including credit-based insurance scores and motor vehicle records may be affected by racially biased policies.
By Alyssa DiSabatino | April 5, 2022
4 min read
Inflation rates may prolong the hard market in commercial lines, Canada’s association of home, auto and business warns
By David Gambrill | April 5, 2022
While it may be too early to tell how the end of provincial COVID-19 restrictions are influencing auto insurance claims, industry experts are bracing for higher claims severity, a return to pre-pandemic levels of traffic, higher auto rates due to inflation, and more granular pricing models. During the height of the pandemic in 2020, AM […]
By Alyssa DiSabatino | April 4, 2022
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
