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 [...]
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. [...]
A citizens group in New Brunswick is calling for a review of the province’s $2,500 cap on insurance awards for those who suffer minor injuries in automobile accidents. Frances McConnachie of Consumers for Insurance Fairness says the cap has been unfairly applied to people who have been in a coma, had broken bones, or who [...]
Starting November 2010, a new system will help improve road safety by keeping uninsured vehicles off Ontario’s roads. A new electronic verification system, developed by the province and the Insurance Bureau of Canada will provide on-the-spot confirmation of valid insurance coverage during the license plate renewal process. The ability to check for insurance in real-time [...]
After three consecutive years of increases, basic auto insurance rates will soon fall for some Ontario drivers – but not enough to compensate for the increases of previous years. The provincial regulator announced that rates in the province will decrease an average of one per cent starting this September. The change will affect motorists who [...]
In response to June 23’s tornado touchdown in Midland, ON, Insurance Bureau of Canada (IBC) has deployed its Community Assistance Mobile Pavilion (CAMP) to help impacted residents. "Fortunately, early reports indicate there were no serious injuries as a result of the storm," said Ralph Palumbo, IBC’s Vice-President, Ontario, in a press release. "But the property [...]
On June 15, 2010, the Alberta Automobile Insurance Rate Board (AIRB) met to discuss premium setting that would come into effect in November. While the Board is set to release its decision on basic coverage by August 1, both IBC and AIRB’s actuary said they support no change to the mandatory basic auto coverage. However, [...]
The executive director of Quebec’s brokers’ association announced she is leaving. In a press release, the directors of the Regroupement des cabinets de courtage d’assurance (RCCAQ) announced that Johanne Lamanque, Executive Director of the Regroupement, will be leaving her duties on June 30. Ms. Lamanque was appointed Executive Director of the RCCAQ in December 2007. [...]
Insurance Bureau of Canada (IBC), in partnership with the Federation of Canadian Municipalities (FCM), announced the winners of the first annual Watershed Awards to recognize Canadian municipalities that have taken proactive measures to reduce their vulnerability to storm and wastewater damage. The awards, which are part of FCM’s Sustainable Community Awards, were presented at FCM’s [...]
Canadians who are suddenly forced to cope with extreme weather events such as windstorms, wildfire and torrential rains, as well as other disasters, will now have quick access to on-site insurance-related information, thanks to a new national program launched by Insurance Bureau of Canada (IBC). In consultation with provincial authorities, IBC will deploy its Community [...]
IBC has responded to the increase in the cap for minor injuries that was announced in Nova Scotia on April 28. IBC said auto insurance changes announced by the government will add to claims costs, but the effect on premiums won’t be known for some time until consumers and the insurance industry have had time [...]
View the video here on your mobile device. For many, it was the summer of our discontent. Record temperatures hit parts of the west while rain and cooler days were too common in the rest of the country. When Environment Canada released its list of top weather stories of the year, the summer and its [...]
Spring has officially arrived, along with expectations of flooding in the Red River Valley. The Insurance Bureau of Canada has reminded homeowners in Manitoba that while overland flooding is not covered by insurance, there are steps they can take to protect their belongings from water damage. To help prevent water damage during the spring thaw: [...]
