Shop Insurance Canada News

IBC concerned by uninsured claims in NL

By: , published on

The Insurance Bureau of Canada (IBC) says Newfoundland and Labrador has more claimants per capita for accidents with uninsured drivers than any other province.   Amanda Dean, IBC Atlantic vice-president, says the level of incidents with uninsured drivers is concerning: “That is concerning

ShopInsuranceCompany.ca

Category: News

SGI reports high impaired and distracted drivers through May

By: , published on

Saskatchewan Government Insurance (SGI) reports there were 324 impaired driving-related offences in Saskatchewan during May. The provincial public insurer points out these offences came the same month as it’s impaired driving awareness campaign was launched. With these offences occurring during

ShopInsuranceCompany.ca

Category: News

Takata bankruptcy means victims may not get paid

By: , published on

It is arguably inevitable that Japanese air bag maker Takata would file for bankruptcy considering the scandal that has engulfed the family in recent years. Dozens of people have sued the company over exploding inflators that have killed and injured vehicle passengers. However, these plaintiffs

ShopInsuranceCompany.ca

Category: News

IBC leader offers 4 key flood points for all levels of government

By: , published on

A regional president of the Insurance Bureau of Canada (IBC) has warned that changes are needed in the Bay Area to avoid costly damages caused by flood events. In an opinion piece, IBC Ontario Region president Kim Donaldson says government at all levels need to plan for floods, enact preventative

ShopInsuranceCompany.ca

Category: News

IBAO to integrate Intact Client Centre with broker systems

By: , published on

The Insurance Brokers Association of Ontario (IBAO) and Intact Insurance Company have announced a new collaboration that will see brokers use a new Intact online service within their existing system. The partnership has formed a working group to explore ways for Intact’s Client Centre to be

ShopInsuranceCompany.ca

Category: News

Drivers of construction vehicles should avoid hands-free devices warns Northbridge Insurance

By: , published on

Distracted driving is one of the most alarming problems on Canadian roads. Oftentimes, drivers are told using handsfree devices can solve the problem, but recent studies show even these solutions can cause sufficient distraction. This is especially the case for drivers operating construction and

ShopInsuranceCompany.ca

Category: News

MPI requests 2.7% hike in auto insurance for Manitoba

By: , published on

Manitoba Public Insurance (MPI) confirmed Monday it is requesting a 2.7% overall auto insurance rate increase for the 2018/19 year. In a release, MPI says it requested the general rate increase application from the Public Utilities Board on Friday. If the Board approves the request, customers

ShopInsuranceCompany.ca

Category: News

J.D. Power confirms Canada’s most popular insurers

By: , published on

Last month, J.D. Power and Associates issued its annual state of the industry report that showed Canadians (including those in Ontario) are satisfied with their auto insurance, despite premiums going up across the country. However, which company scored the highest in terms of customer

ShopInsuranceCompany.ca

Category: News

Marijuana legalization raises issues for property insurers

By: , published on

Canada’s adoption of marijuana legalization is imminent, but there are still potential legal issues. One of them is a possible problem with property insurance policies. Michael Teitelbaum, a partner with Hughes Amys LLP, offered the warning at ARC Group Canada’s 2017 annual seminar and cocktail

ShopInsuranceCompany.ca

Category: News

IBC and PEI highlight Highway Traffic Act amendments

By: , published on

Insurance Bureau of Canada (IBC) has announced a new collaboration with the Prince Edward Island Department of Transportation, Infrastructure and Energy and Cycling PEI. The partnership is focused on highlighting recent changes made to the Highway Traffic Act and improving road safety for motorists

ShopInsuranceCompany.ca

Category: News

Technology to disrupt insurance in diverse ways

By: , published on

The concept of emerging technology influencing the insurance industry has been much discussed. Vincent J. Dowling, Jr., managing partner of Dowling & Partner Securities LLC, believes the industry will be profoundly disrupted by changing technology. He delivered the prediction at Marsh & McLennan

ShopInsuranceCompany.ca

Category: News

The cost of protecting homes from flooding … who pays?

By: , published on

Canada is starting to rethink building strategies and will increasingly move to construction projects away from flood zones and at-risk areas. However, that change will come too late for thousands of neighbourhoods that are already in these locations. Properties currently in flood zones cannot all

ShopInsuranceCompany.ca

Category: News

Supreme Court rules expert evidence not needed for phycological claims

By: , published on

The Supreme Court of Canada has ruled that courts can award damages for psychological or emotional damage without expert evidence. The Insurance Bureau of Canada had argued such awards shouldn’t be given unless the plaintiff could demonstrate the tort caused a “recognizable psychiatric

ShopInsuranceCompany.ca

Category: News

Toronto to consider regulations proposal for short term rentals like Airbnb

By: , published on

The City of Toronto is to consider a proposal to adopt regulations for short-term rental platforms, such as Airbnb. These outlets are currently unregulated, but the city could introduce new rules that would cover a variety of concerns, including taxation and safety. Toronto is to take advice from

ShopInsuranceCompany.ca

Category: News

Aviva Pitch Day returning in 2017

By: , published on

Aviva Canada has announced that its Aviva Pitch Day is returning in 2017. The first Pitch Day in 2016 was a success and the company will continue to invest in digital start-ups around the world. Like last year, the initiative is being driven by Aviva Ventures. Toronto will be the base for Aviva

ShopInsuranceCompany.ca

Category: News

Brokers search for cyber insurance more than any other product

By: , published on

Brokers are increasingly searching for cyber insurance and are looking for the coverage the most on policy search engine insurr. The company says cyber insurance is more popular than any other product on the platform, accounting for 20% of searches since the turn of the year. Colin Burke,

ShopInsuranceCompany.ca

Category: News

May floods caused hundreds of millions of dollars’ worth of damage

By: , published on

Record flooding in some parts of Canada during May left a clean-up bill totalling hundreds of millions of dollars. Severe weather events affected western and eastern regions of the country. Aon Benfield’s Global Catastrophe Recap report points out that southern parts of British Columbia were

ShopInsuranceCompany.ca

Category: News

Quebec faces pest invasion in post-flood environment

By: , published on

Quebec has been subjected to historic flooding this year, but even as the waters recede, residents in the province face other issues. Notably, critters and pests will cause problems at least in the next few months, and could be an issue for years. Standing pools of water have been created by the

ShopInsuranceCompany.ca

Category: News

AIC and GIC approve gap insurance sale through auto dealerships

By: , published on

Auto and parts dealerships in Alberta are now able to sell gap insurance, the Alberta Insurance Council (AIC) announced Monday. The AIC says its General Insurance Council (GIC) has approved a restricted certificate of authority for the introduction of gap insurance. A property insurance type, gap

ShopInsuranceCompany.ca

Category: News

Communication breakdown affected Fort McMurray effort says provincial report

By: , published on

While little could have been done to stop damage from the Fort McMurray wildfire, a new report suggests a breakdown in communication exasperated the situation as fire spread through the town and displaced 90,000 residents for a month. A report written by independent consultants on behalf of

ShopInsuranceCompany.ca

Category: News


SUBSCRIBE TO OUR NEWSLETTER

Get the latest updates on Ontario insurance rates, multi-line bundle discounts & recent insurance news.

 
Please wait 10 seconds before you submit!

We take your privacy very seriosuly, and hate spam as much as you!

Welcome to Canada’s authoritative source for insurance news, information and rates.

Copyright 2017 ShopInsuranceCanada ShopInsuranceCanada | 1003-60 Bathurst St. Toronto, ON M5V 2P4 Canada | 416-913-0151 | Privacy Policy | Terms & Conditions