Tag: "Ibc"

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Alberta windstorms cost $200 million in insured damage

By on Dec 23, 2011 in Canadian Insurance, Natural Disasters

“There is no doubt that we are seeing more and more the impact of severe weather in Alberta,” said IBC’s Doug Noble

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Canada’s top 10 stolen vehicles of 2011

By on Dec 15, 2011 in Auto & Trucking, Canadian Insurance, Crime & Justice

2009 Toyota Venza replaces the 2000 Honda Civic SiR as the most frequently stolen vehicle in Canada

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York police dismantle $10 million fraud ring

By on Nov 21, 2011 in Canadian Insurance, Crime & Justice

Investigation identified suspects who had used fake passports to defraud banks, staged motor vehicle collisions to defraud the insurance industry and leased vehicles under aliases in order to defraud leasing companies

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IBC congratulates Ontario Liberal party on election victory

By on Oct 11, 2011 in Canadian Government, Canadian Insurance

Under Premier Dalton McGuinty, the Liberal government implemented auto insurance reforms in September 2010, and struck an Auto Insurance Anti-Fraud Taskforce earlier this year.

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Auto theft in Canada funding terrorist activities

By on Sep 28, 2011 in Crime & Justice, Legal Issues, Road Safety, Trends

Evidence suggests money from auto theft organized crime rings are funding nefarious activities such as drug and gun running and terrorist activities.

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Slave Lake fires become second costliest insured disaster in Canadian history

By on Jul 06, 2011 in Canadian Insurance, Natural Disasters

Ontario and Quebec ice storm in 1998 remains costliest insured disaster, costing over $1.8 billion

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What’s happening with Ontario auto insurance premiums?

By on Jul 06, 2011 in Auto & Trucking, Ontario Auto Reform

Kanetix survey finds Ontario auto rates increased 6.4 percent from Q2 2010 to Q2 2011; IBC says rates trending at rate of inflation

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York police charge six in auto insurance fraud

By on Jun 27, 2011 in Auto & Trucking, Crime & Justice

Six charged after police and IBC investigations found evidence of staged accident in Vaughan, Ontario

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Road Safety Week tips

By on May 18, 2011 in Road Safety

Ahead of the long weekend an in time for Road Safety Week, IBC offers tips on avoiding distractions while behind the wheel

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The two objectives of auto insurance reform: IBC

By on May 17, 2011 in Ask The Expert, Featured, Ontario Auto Reform

View the video here on your mobile device. The Ontario auto insurance reforms are based on recommendations provided by the Financial Services Commission of Ontario’s Five-Year Automobile Insurance Review report, as well as feedback received from dozens of insurance industry, health care, legal and consumer experts and groups. The Insurance Bureau of Canada said that [...]

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IBC launches social media microsite on safety, emergency preparedness

By on Apr 11, 2011 in Company News, Consumer Guide

The Insurance Bureau of Canada has launched Get in the Know, a social media microsite that provides safety and emergency preparedness information. With blog contributions from IBC staff, the site offers consumers information and advice on topics ranging from sewer backups, home maintenance and distracted driving.  

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Canada’s top 10 stolen vehicles of 2010

By on Dec 20, 2010 in Auto & Trucking, Canadian Insurance, Crime & Justice

High-value, all-wheel or four-wheel drive vehicles continue to make the list of Canada’s most stolen vehicles in 2010. The Insurance Bureau of Canada has released its annual list of the most stolen vehicles in the country, and the inclusion of higher-value models indicates that organized crime rings continue to be involved in Canadian auto theft. [...]

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What came first: insurance fraud or Ontario auto insurance reforms?

By on Dec 02, 2010 in Ask The Expert, Featured, Ontario Auto Reform

View the video here on your mobile device. Whether they know it or not, Ontario drivers are suffering due to fraud. According to a recent RBC Insurance roundtable, fraud costs represent about $1.3 billion of $9 billion in premiums. It’s not always cases of odometer rollback and VIN swapping that ramp up the costs, though [...]

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Auto theft now a separate crime in Canada

By on Nov 19, 2010 in Auto & Trucking, Canadian Government, Crime & Justice

Bill S-9, also known as the “Tackling Auto Theft and Property Crime Act” received Royal Assent on November 18, officially passing it into law. The new legislation: Creates a separate offence of “theft of a motor vehicle”, which carries a mandatory prison sentence of 6 months for conviction of a third or subsequent offence when [...]

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The impact of auto reform on Ontario residents

By on Nov 17, 2010 in Ask The Expert, Featured, Ontario Auto Reform

View the video here on your mobile device. The Insurance Bureau of Canada and the Financial Services Commission of Ontario have stated that the changes to the province’s auto insurance system will give consumers choice while still providing the most generous medical and rehabilitation benefits in the country. ILSTV asked IBC’s Vice President of Policy [...]

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All medical rehabilitation costs rose by 115.6 percent from 2004 to 2009: IBC

By on Oct 14, 2010 in Ask The Expert, Featured, Ontario Auto Reform

View the video here on your mobile device. One of the reoccurring themes in the Ontario government’s introduction of auto insurance reform was the need to control claims costs. The Canadian auto insurance industry has seen costs rise dramatically, especially in the last five years. ILSTV asked Barb Sulzenko-Laurie, IBC’s Vice President of Policy to [...]

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Ontario auto reforms: Credit scoring and Unfair or Deceptive Acts or Practices

By on Sep 15, 2010 in Featured, Ontario Auto Reform

View the video here on your mobile device. As part of its measures to protect auto insurance consumers, the Ontario government included a reform to project objectionable quoting practices including the use of credit scoring, delays in providing quotes and other certain screening techniques. ILSTV asked Barb Sulzenko-Laurie, IBC’s Vice President of Policy about the [...]

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What Ontario drivers should do: IBC’s take

By on Sep 09, 2010 in Ask The Expert, Featured, Ontario Auto Reform

View the video here on your mobile device. As part of the Ontario government’s measures to increase consumer choice in auto insurance, housekeeping and home maintenance expenses and caregiver benefits were made optional. Barb Sulzenko-Laurie, IBC’s Vice President of Policy, explains how the housekeeping benefit has changed over the last few years, and what she [...]

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Calgary’s July hailstorm causes record amount of insured damage

By on Aug 16, 2010 in Canadian Insurance, Natural Disasters

Insurance Bureau of Canada (IBC) says that a storm that pummeled Calgary and parts of southern Alberta with golf ball-sized hail earlier this summer has resulted in a record amount of insured damage for a hailstorm in Canada. The July 12 weather event produced a sudden downpour and fierce hail large enough to dent cars. [...]

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