Auto

Are you sure you are not violating Ontario’s ‘take all comers’ auto rule?

If you fail to renew a client’s Ontario auto policy, even if that client missed a payment, you could attract close scrutiny from the provincial regulator. Ontario law prohibits insurers from declining to issue, terminating, or refusing to renew an auto policy or endorsement, except on grounds filed with Financial Services Regulatory Authority of Ontario […]

By Greg Meckbach | June 15, 2020

2 min read

Why Ontario auto liability coverage should get cheaper

Ontario auto insurers may have a hard time raising rates as much as they were before May 15; a major factor could be a controversial change to the dispute resolution process that took effect four years ago. New loss trend benchmarks show a decline in the expected future loss costs for bodily injury and accident […]

By Greg Meckbach | June 9, 2020

3 min read

Car sharing service Turo says launch into B.C. market is ‘imminent’

VANCOUVER – Fans of car-sharing services in British Columbia are about to get another option within weeks of the closure of two other car-share businesses in the province. Turo, which describes itself as the world’s largest peer-to-peer car sharing platform, says it is preparing for “imminent expansion” into B.C. A statement from the company says […]

By Greg Meckbach | May 28, 2020

2 min read

How these two auto insurers rate Gender X differently

Pembridge Insurance Company plans to start rating motorists who identify themselves as ‘Gender X’ in Nova Scotia, charging Gender X motorists the same as women, the province’s regulator announced Tuesday. Through its Pembridge unit, Allstate writes home and auto insurance in Canada through brokers. As it stands, Pembridge’s rating algorithm in Nova Scotia only recognizes […]

By Greg Meckbach | May 27, 2020

3 min read