Auto
A new regulatory framework for electronic vehicle immobilization from Transport Canada is drawing criticism from insurers. The Insurance Bureau of Canada (IBC) says the program is flawed and will be a step back in the fight against vehicle theft. The regulation would require all new passenger cars and light duty trucks built after September 2005 […]
July 31, 2003
1 min read
DRI International now offers certification as a business continuity planner (CBCP) through its website, www.drii.org. The not-for-profit training enterprise offers the online courses globally. *************** Collision repair chain CARSTAR Automotive Canada has been named one of Canada’s top 100 fastest growing companies by Profit Magazine. Between 1997 and 2002, the company achieved 190% revenue growth […]
2 min read
Manitoba Public Insurance (MPI) is reporting net income of $29.3 million for the first quarter ending May 31, 2003. This is a significant increase over net income of $6.4 million for the first quarter 2002.Claims costs and investment gains both played a role in the positive results, the public auto insurer says. Claims costs for […]
By Canadian Underwriter | July 16, 2003
In response to growing public concern over auto insurance rates, the Alberta government is the latest to introduce changes to its system.Among those changes will be a new underwriting system that focuses on driving records rather than other factors such as age, gender, etc.The moves follow meetings with insurers and lawyers in the province, as […]
By Canadian Underwriter | July 10, 2003
As premiers meet in Charlottetown this week, Ontario’s Ernie Eves wants to see the provinces working together on the auto insurance issue.Eves listed auto insurance as his top priority, alongside federal disaster relief for the SARS outbreak.Eves says that his government will be releasing its white paper on auto insurance later this week, and that […]
A group representing many health care providers is going public with its support for auto insurance reforms implemented by the Ontario government.The Coalition of Regulated Health Professional Associations and Allied Organizations says it supports regulations for Bill-198 which put in place such things as a pre-approved treatment plan for minor injuries.””The primary motivation for these […]
By Canadian Underwriter | July 8, 2003
After more than six months, Ontario has put auto insurance regulations on the books in response to Bill-198. The regulative changes, which are largely directed at curbing runaway accident benefits (AB) claims costs, received broad support from the province’s auto insurers. Among the changes are a pre-approved framework for minor bodily injury treatment, a code […]
June 30, 2003
The Atlantic provinces may see a harmonized approach to auto insurance finally come to pass, but among their options may be a public auto insurance system. The Atlantic premiers met in Charlottetown recently to address the issue of rising premiums and came away with a promise to implement harmonized reforms this year. A task force […]
The Nova Scotia government plans to move to a “no frills” auto product in an attempt to lower auto insurance premiums in the province. The government expects to see a 20% reduction in premiums as a result of the plan, which will see a basic auto insurance policy mandated, limiting minor injury compensation and “pain […]
By Canadian Underwriter | June 27, 2003
***Note: Removes reference to Markel being a Fairfax subsidiary. Markel International is a holding company, not part of Fairfax or related to Markel Insurance in Toronto.British holding company Markel International is selling its U.K. auto portfolio to Brit Insurance Ltd. Markel International is selling the portfolio that includes fleet, self drive hire (rental) and taxi […]
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