View the video here on your mobile device. An online petition called Ontarians Against FSCO Recommendations for Auto Insurance has collected over 4,900 signatures in less than a year. Started in April 2009 by a consortium of healthcare providers including assessment, treatment and rehabilitation service providers, the petition reacts to the FSCO’s Report on the [...]
View the video here on your mobile device. Nearly 300 immobilizer-equipped vehicles were stolen last year in Manitoba because the keys were left in either the ignition or elsewhere in the passenger compartment, according to Manitoba Public Insurance claims data. These immobilized vehicles were stolen after the owners had left their keys in the ignition, [...]
View the video here on your mobile device. The Financial Services Commission of Ontario has issued a Bulletin to auto insurers in that province that highlights new requirements in the Certificate of Automobile Insurance form. The new requirements reflect the changes in the auto insurance system, and must be adopted in policies that are new [...]
View the video here on your mobile device. The Financial Services Commission of Ontario has posted its benchmarks for auto insurance reforms. The benchmarks can be used to help with the preparation of rate filings for the Five-Year Review reforms. The benchmarks are available in PDF form here: http://www.fsco.gov.on.ca/english/pubs/bulletins/autobulletins/a-02_10-3.pdf
View the video here on your mobile device. Despite preparing for an extra quarter of a million visitors, establishing satellite offices and staffing extra employees, ICBC says that the Olympic traffic concerns were not that serious. Ash Megalli, 2010 claims services manager at ICBC said that preliminary numbers indicate that there were about 20 percent [...]
View the video here on your mobile device. Host: When the Ontario government announced its new regulations for auto insurance in the province, a key change is the reduction of medical and rehabilitations expenses from $100,000 to $50,000. ILSTV spoke with Brenda Hollingsworth, a personal injury lawyer with Ottawa’s Auger Hollingsworth. Brenda, what effect will [...]
B.C. New Democrats claim the Liberal government is looting the Insurance Corporation of B.C. to pad provincial coffers when it could have been cutting auto insurance rates, but the government says its actions will actually save tax dollars. Opposition finance critic Bruce Ralston referred to the provincial budget, which indicates the government will take $778 [...]
View the video here on your mobile device. The Financial Services Commission of Ontario (FSCO) has announced that a number of previously-announced reforms will become effective on September 1, 2010. Regulation 7/00 (Unfair or Deceptive Acts or practices) has been amended by Ontario Regulation 37/10 to ensure that auto insurers cannot use credit information for [...]
View the video here on your mobile device. Ahead of the Nova Scotia government’s review on the province’s injury cap, the Halifax Regional Municipality (HRM) has submitted their comments, and agree with the cap’s existence. HRM said that as the owner of over 1400 vehicles, many of which operate 24/7, and as the operator of [...]
View the video here on your mobile device. Quality Planning, a company that validates policyholder information for American auto insurers, has released its annual premium rating error report. The report quantifies the errors and discrepancies that result in auto insurers undercharging policyholders. For 2008, Quality Planning estimates that the private passenger auto insurance industry missed [...]
View the video here on your mobile device. Kanetix, the online marketplace for insurance quotes, released the results of its Quebec quarterly car insurance premium study. The study identified a 9.8 per cent average decrease in the lowest auto insurance rates quoted on Kanetix in the third quarter of 2009 compared to the same period [...]
View the video here on your mobile device. The Finance Services Commission of Ontario has approved increases in auto insurance rates averaging 2.5 per cent for the final quarter of 2009. That would bring the average premium increase for 2009 to 8.77 per cent, compared with a 5.6 per cent hike in 2008. Approved rates [...]
View the video here on your mobile device. Drivers should be prepared for rising premiums in 2010, according to quarterly auto insurance rate study from Kanetix.ca The study identified a 5.3 per cent average increase in the lowest auto insurance rates quoted on Kanetix in the fourth quarter of 2009 compared to the fourth quarter [...]
