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Ontario budget proposes changes for auto insurance

By: Luke Jones|April 12, 2019|6:02 pm

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Ontario’s government has set out plans to make credit scores one determining factor in the province’s auto insurance rates. Additionally, in the 2019 Budget, the government proposed a doubling of…

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Aviva Canada targets simplified claims model

By: Luke Jones|April 12, 2019|10:47 am

Aviva Canada

Aviva Canada says it has simplified its claims process by working directly with regulators across Canada’s provinces. The company says customers now receive claims on their insurance more easily thanks…

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IBC head calls for openness in disaster mitigation funding and improved industry sharing

By: Luke Jones|April 12, 2019|10:30 am

Calgary-Flood

Don Forgeron, CEO of the Insurance Bureau of Canada (IBC), says the government must simplify the process of gaining funds for flood mitigation projects. Furthermore, insurance companies can do better…

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Auto insurers in Ontario refute “profitable” label

By: Luke Jones|April 10, 2019|2:54 pm

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Auto, home, and commercial insurance companies in Ontario are refuting a recent claim the province’s auto insurance system is profitable. A recent Property and Casualty Insurance Compensation Corporation(PACCIC) report suggested…

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Consumer education key to better climate change management says IBC head

By: Luke Jones|April 10, 2019|12:38 pm

Tornado

Climate conditions in Canada have caused debate for years but following last week’s report by Natural Resources Canada the discussion has intensified. In the government-backed Canada’s Changing Climate Report, NRC…

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Spring thaw claims $70 million from insurers in Ontario

By: Luke Jones|April 9, 2019|2:32 pm

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The seasonal change from winter to spring once again brought its fair share of damage to communities across Ontario. In a new press release, the Insurance Bureau of Canada (IBC)…

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Aviva Canada CEO calls for simpler auto insurance regulations in Ontario

By: Luke Jones|April 9, 2019|2:21 pm

Aviva Canada

Colm Holmes, CEO of Aviva Canada, has called on major auto insurance reform in Ontario with a focus on introducing new regulations in the province’s auto system. Writing in a…

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Intact Financial confirmed cat losses “above expectations”

By: Luke Jones|April 9, 2019|1:40 pm

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Intact Financial says its losses were “above expectations” during the first quarter of this year due to weather led catastrophe. Canada’s largest insurance company says catastrophe and non-catastrophe weather events…

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IBC: Canadians complacent about risks of earthquakes

By: Luke Jones|April 6, 2019|6:18 pm

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The Insurance Bureau of Canada (IBC) says the broker network is telling it homeowners are not getting value from earthquake deductibles. Indeed, deductibles are so high many customers would still…

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Canada’s fast charging electric vehicle support is reaching maturity

By: Luke Jones|April 5, 2019|6:06 pm

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Canada often sells itself as a forward-thinking nation in terms of climate change mitigation, but the country has had a hit and miss relationship with the electric car. However, the…

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