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Auto physical damage losses worsened

Direct loss ratio hit 106.1% in Ontario Auto physical damage (PD) losses were on the rise in the first quarter of 2018—particularly in Ontario. According to MSA Research’s latest Quarterly Outlook Report, the overall private passenger PD direct loss ratio hit 106.1% in the province in Q1. While the Greater Toronto Area did experience more […]

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Distracted driving claims increase

Alberta had a 58% increase in distracted-driving accidents Insurance claims related to distracted driving are on the rise, according to claims data released by Aviva Canada on Monday. From the start of 2016 through March 2018, the insurer saw distracted driving claims increase by 23% across Canada. Accidents related to distracted driving went up by […]

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Canadians don’t understand flood coverage

Almost half (45%) of Canadian homeowners with a ground-level home think they have flood insurance as part of their regular home insurance policy, and 26% don’t know if they have it or not, finds a poll conducted by IBC. At the same time, only 37% admit feeling confident in their level of knowledge about what […]

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Fixing Ontario’s Auto System

The jury is out on the Ontario government’s latest plan to cut rates and reduce fraud in the province’s troubled auto insurance system. The Fair Auto Insurance Plan, unveiled last December by Finance Minister Charles Sousa, committed his administration to a number of fresh initiatives, just months ahead of an expected election. Gordon Rasbach, vice-president […]

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