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Your Source For Daily Insurance News & AnalysisRead moreNew ICBC regime increases care costs, but cuts drivers’ ability to sue for pain and suffering
Features, faults of no-fault auto insurance
Features, faults of no-fault auto insurance. New ICBC regime increases care costs, but cuts drivers’ ability to sue for pain and suffering.
MADD Canada asks Ontario to investigate reports of licence plate problems
TORONTO _ Mothers Against Drunk Driving Canada is asking the Ontario government to review an apparent problem with its new licence plates that makes them difficult to read in low light. MADD Canada says in a statement that night-time visibility issues being reported...
Peel Mutual Insurance First in Canada to Launch Hi Marley
Peel Mutual Insurance looks to drive customer centric experience with Hi Marley's AI-based texting platform built specifically for insurance. BOSTON, Feb. 18, 2020 /CNW/ -- Peel Mutual, one of the largest members of the Ontario Mutuals, is also committed to being the...
74 year old man taking driving test killed after train strikes car in Montreal
MONTREAL _ A 74-year-old man taking a driving test in Montreal was killed Tuesday when a commuter train struck the car he was driving. The examiner, an employee of Quebec's motor vehicle insurance agency, who was seated next to the driver, suffered critical injuries...
Let’s Block the Road!
When I was posted in the Okanagan in the 1990s I was answering phones in the detachment dispatch office. A caller from Summerland asked what would happen if he decided to take his protest sign down to the highway and conduct his own personal blockade. He expressed the...
Drivers could see a jump in their auto insurance, despite the Ford Government promising a reduction
Ontario has some of the highest auto insurance rates in the country. … that the Insurance Board of Canada (IBC) and the industry have most of …
Intact Financial Corporation Completes $150 Million Preferred Share Offering
TORONTO, Feb. 18, 2020 /CNW/ - Intact Financial Corporation (TSX:IFC) ("IFC") announced today that it has closed its previously announced bought deal offering (the "Offering") of Non-Cumulative Class A Shares, Series 9 (the "Series 9 Preferred Shares") underwritten by...
Ottawa changing stress test rate for insured mortgages starting April 6
OTTAWA _ The federal government is changing the stress test rate for insured mortgages starting April 6. The government says the change will allow the rate to be more representative of the mortgage rates offered by lenders and more responsive to market conditions. The...
January storm caused over $95 million in insured damage
TORONTO, Feb. 18, 2020 /CNW/ - The January 10 to 12 storm in southern Ontario and Quebec caused over $95 million in insured damage, $81.6 million in Ontario and $13.7 million in Quebec, according to Catastrophe Indices and Quantification Inc.* Most of the damage was...
Fairfax president Rivett retiring; company earns record US$2 billion in 2019
TORONTO _ The president of Fairfax Financial Holdings Ltd. is retiring after 17 years with the company. However, Paul Rivett will remain chairman of certain Fairfax investees, including Recipe Unlimited and Fairfax Africa. Chairman and chief executive Prem Watsa says...
