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Ontario’s best and worst drivers
Overall, Ontario’s collision frequency rate had a seven percent decrease between 2007-2009 and 2009-2011 says Allstate Insurance Company of Canada
Tag: "Ontario"
Ontario’s P&C insurance industry contributes $7.5 billion to provincial GDP
By ILSTV Staff on Nov 10, 2011 in Canadian Insurance
From executive level presence and head offices located in Toronto to smaller offices in communities across Ontario, more than 2 out of every 100 people employed in the private sector in Ontario work for the insurance industry
FirstOnSite expands Ontario team
Restoration firm adds Steve Gregg, Jim Mandeville and Len Perdic to Southern Ontario management team
WSIB announces premium rates for 2012
Ontario’s workplace insurance system will have average premium rate of $2.40 per $100 of insurable earnings, an increase of five cents from 2011
What’s happening with Ontario auto insurance premiums?
Kanetix survey finds Ontario auto rates increased 6.4 percent from Q2 2010 to Q2 2011; IBC says rates trending at rate of inflation
Ontario government to take steps to reduce insurance fraud
Yesterday, the Ontario government unveiled its 2011 Provincial Budget and included key initiatives to combat insurance fraud in the province. The government said that while the auto insurance reforms that came into effect in September 2010 targeted abuse and fraud in the auto insurance system, it plans to build on the reforms by implementing other [...]
Insurers’ rights and responsibilities to challenge questionable or abusive claims
The Financial Services Commission of Ontario (FSCO), the province’s insurance regulator, has issued a bulletin to remind insurers of their rights and responsibilities under the Statutory Accident Benefits Schedule – Effective September 1, 2010 (SABS) to challenge questionable or abusive claims. FSCO said that after the changes came to Ontario’s auto insurance system on September [...]
Almost 650 calls have flooded Agent Orange hotlines, Ontario government says
By ILSTV Staff on Mar 10, 2011 in Canadian Government
Close to 650 calls have flooded provincial hotlines in the wake of recent revelations that Agent Orange was used in Ontario for more than three decades. About 292 calls have come in to the government’s Agent Orange information line, while another 354 calls have been logged by the Workplace Safety and Insurance Board, said Greg [...]
Ontario woman charged after stealing identity of a deceased infant
By ILSTV Staff on Mar 04, 2011 in Crime & Justice
The Royal Canadian Mounted Police in Windsor, Ontario have charged a Kingsville, Ontario woman with identity theft and impersonation after it was discovered that she used the personal information of a deceased infant to obtain her own personal documents. The RCMP say the investigation began in December 2010 when Passport Canada officials became aware that [...]
Police arrest seven in $3 million telephone fraud ring
By ILSTV Staff on Mar 02, 2011 in Crime & Justice
The Halton, Ontario Regional Police have arrested seven people and seized more than $20,000 following in connection with a telephone fraud ring that was operating out of Oakville and Mississauga. Halton investigators have determined the ring was targeting elderly victims across North America using what is commonly referred to as the “Emergency Scam” or “Grandson [...]
Ontario credit unions Meridian and Desjardins to merge
By ILSTV Staff on Mar 02, 2011 in Sales, Mergers & Acquisitions
The Boards of Directors of Desjardins Credit Union and Meridian Credit Union have agreed to amalgamate, a move which will create a credit union powerhouse in Ontario with 263,000 members and $8 billion in assets under management. The amalgamation includes all 19 Desjardins Credit Union branches, Central Loans Unit and Head Office. However, it excludes [...]
Be prepared ahead of the winter storm warning
By ILSTV Staff on Feb 02, 2011 in Natural Disasters
Environment Canada has issued a winter storm warning and watch for much of Ontario, and a great deal of the United States has already been blanketed with snow. Insurer RSA is reminding Canadians to take safety precautions at home and in the car before the weather turns extreme. “Winter storms can sometimes leave people snowed-in [...]
Finance Ministry documents say HST will save consumers $490 million in 2013
Most Ontario consumers will see a net benefit from the harmonized sales tax in 2013 because of new tax credits and energy rebates, according to Ministry of Finance documents. The documents, obtained by The Canadian Press, suggest the 13 per cent HST would not cost Ontario households $385 million more by 2013 as originally projected [...]
Windsor, Stratford on Top 7 list of world’s most intelligent communities
By ILSTV Staff on Jan 21, 2011 in Trends
The Intelligent Community Forum has named its 2011 top seven Intelligent Communities of the year, and this year’s list includes two Ontario cities. Windsor-Essex and Stratford were recognized, along with the other communities, for providing a “model of economic and social development in the 21st century using information and communications technology to power growth, address [...]
Q4 auto insurance rates higher in Ontario; lower in Alberta and Quebec
According to online insurance quote provider Kanetix.ca, the fourth quarter of 2010 brought with it higher auto rates in Ontario (by 9.5 percent compared to the same quarter in 2009) and 4.9 percent and 0.4 percent lower in Quebec and Alberta, respectively. In Ontario, the 9.5 percent increase may be due to the province’s auto [...]
RIBO reminds brokers of credit card transaction rules
By ILSTV Staff on Jan 11, 2011 in Canadian Insurance
In its latest Bulletin, the Registered Insurance Brokers of Ontario (RIBO) is reminding brokers that there are potential compliance implications to accepting credit card payments for insurance premiums. RIBO notes that the use of credit cards to pay for insurance premiums is now as common as writing a cheque but stresses that it is important [...]
