Industry

Why insurers can appreciate asphalt art

Asphalt art is far from distracting for road users. In fact, it significantly reduces crashes and the rate of “conflict” between pedestrians and vehicles, according to a new study. A historical crash analysis compared a two-year span of crash data prior to and after the introduction of asphalt art at 17 different study sites. It […]

By Jason Contant | April 29, 2022

3 min read

How Ontario plans to reform auto insurance

Ontario’s 2022 budget has a short paragraph dedicated to “reducing the cost of auto insurance,” including creating more choice for consumers, cracking down on auto insurance fraud and “enhancing fairness,” which would include new guidance on territorial rating. Exactly how the government proposes to create more choice in the auto insurance product is left vague […]

By David Gambrill | April 29, 2022

3 min read

Officials advocate for federal funding to upgrade dikes after floods

OTTAWA – The mayor of Abbotsford, B.C., says expecting local governments to shoulder the cost of infrastructure upgrades to protect their communities from flooding has been a “monumental mistake.” Henry Braun made the comment to a Senate standing committee on agriculture and forestry as he argued for upward of $2.5-billion from senior levels of government […]

By Jason Contant | April 29, 2022

2 min read

Does your client think overland flood coverage is standard?

Brokers have another golden opportunity to educate clients on the importance of overland flood coverage. A recent survey of Canadian homeowners conducted by rate aggregator LowestRates.ca found that 30% of 544 respondents were unaware that coverages like overland flood are add-ons to a standard home insurance policy. Only 9% added this type of coverage to […]

By Jason Contant | April 28, 2022

4 min read