Auto
Could commercial auto risk be reduced if training was mandatory for drivers of dump trucks, buses and 20-foot cube vans? It’s a question Ontario’s transportation ministry is looking at, the province announced in its recent auditor general’s report. Formal training for has been mandatory for tractor trailer drivers in Ontario for two years. This mean […]
By Greg Meckbach | December 9, 2019
3 min read
Commercial trucking underwriting rules are killing some small businesses, Ontario’s deputy opposition leader told Canadian Underwriter Friday. John Vanthof, MPP for Timiskaming—Cochrane, is hearing from family-owned businesses that they are not able to find affordable insurance for newly trained and licenced tractor-trailer drivers. “You take the course, you get an AZ licence to take over […]
By Greg Meckbach | November 8, 2019
British Columbia’s Liberal Party, ousted from power in the 2017 election, is calling for an end to the monopoly that a Crown corporation has had on auto insurance since the 1970s. “The B.C. Liberal Caucus believes introducing market competition will not only help B.C. drivers, but it will also help [Insurance Corporation of B.C.] find […]
By Greg Meckbach | October 7, 2019
2 min read
VANCOUVER – The son of a 71-year-old woman ticketed for distracted driving in downtown Vancouver says a $368 citation issued to his mother has been cancelled by police with an apology. Trevor Kramer says his mother, Randi, was ticketed Monday because her cellphone was charging in the front-seat cup holder. Kramer says she explained that […]
Brokers are focused on preventing distracted driving, which is near the top of the agenda for the Insurance Brokers Association of Canada (IBAC). Kent Rowe, IBAC’s new president, told Canadian Underwriter that distracted driving is part of a nascent federal advocacy program for IBAC. “We are in the infancy stages of development of that plan,” […]
By Greg Meckbach | October 1, 2019
Despite a “poorly-worded” section of the British Columbia Motor Vehicle Act, a 24-hour driving prohibition against a suspected impaired driver has been restored in a recent appeal court ruling. In July of 2017, Patrick George Franlin Evans was told by a New Westminster Police officer that Evans would be prohibited from driving for 24 hours. […]
By Greg Meckbach | September 18, 2019
Auto premiums in Canada rose more than 10% last year as loss ratios continue to climb, but some carriers are thinking about what to do if auto revenues come back down, an industry watcher suggests. “Some companies have indicated to us that they anticipate auto premiums declining over the next five years or so,” said […]
Ontario may have a new auto insurance regulator, but don’t expect conditions in that market to improve overnight, A.M. Best Company Inc. suggested in a report released Thursday. “Measures to improve market and competitive conditions will likely be slow to implement,” A.M. Best said in its Canadian Market segment report, which the Oldwick, N.J. credit […]
By Greg Meckbach | September 12, 2019
Auto insurers asking for double-digit increases from New Brunswick’s regulator could face some hard questions during hearings this fall. “Some of the companies have been asking for a big increase” and will not necessarily be approved for the increases they asked for, said Michèle Pelletier, the province’s Consumer Advocate for Insurance, in an interview Tuesday. […]
By Greg Meckbach | September 10, 2019
The 5% ceiling on Alberta auto rate increases is history, but that does not mean the sky is the limit. “Allowing [the 5%] limitation to expire is necessary to ensure a sustainable industry that can best serve the needs of Albertans,” a spokesperson for the provincial government told Canadian Underwriter Tuesday. In 2017, the Alberta […]
By Greg Meckbach | September 3, 2019
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