Insurance Increases: Ontario continues with consultation process on ability to sell automobile insurance products at dealerships
Ottawa, Ontario — On November 22, the Ontario Ministry of Finance announced that it is proceeding with the plan—first announced in Ontario’s 2024 Budget—to give
Rocketing Rates: New Brunswick auto insurance providers seeking to raise premiums by 10 percent or more, says new report
Fredericton, New Brunswick – Several major automobile insurance companies are currently seeking approval to raise premiums in New Brunswick by 10 percent or more, says
Care-First Consideration: Alberta announces details for upcoming auto insurance reforms; outlines switch to no-fault system in 2027
Edmonton, Alberta — Alberta’s government has announced its plan for an updated insurance system, saying it will raise its auto insurance rate cap for good
Scam Plan: Saskatchewan residents being targeted by scam emails claiming to be from SGI, says auto insurer
Regina, Saskatchewan – Saskatchewan Government Insurance (SGI) has announced that it has become aware that scammers are targeting Saskatchewan residents with emails claiming to be
A Grizzly Break-In: Insurers say bear that damaged luxury vehicles in California was actually a person in a costume
Los Angeles, California – While bears breaking into vehicles is nothing new, in what has been dubbed “Operation Bear Claw,” the California Insurance Department has
NatCat Navigations: 2024 insured NatCat losses could reach $9 billion by end of year, says ICLR executive
Toronto, Ontario — According to recent reports, Canada’s property and casualty insurance industry is set to pay close to $9 billion in natural catastrophe (NatCat)
Revved Up: Atlantic auto theft up 13 percent in the first half of 2024; Nova Scotia hit hardest
Halifax, Nova Scotia — Newly released data from the Insurance Bureau of Canada (IBC) indicates that Atlantic Canada is becoming a “hot spot for auto
Underwriting Uncertainties: GEICO terminating insurance coverage for Tesla’s Cybertruck, says vehicle doesn’t meet underwriting guidelines
Toronto, Ontario — GEICO has revealed that it will not be covering Tesla’s Cybertruck under its insurance system, saying that the vehicle doesn’t meet its
Claim Pain: New report indicates that automotive insurance costs in Alberta could increase 87.6 percent by 2033
Edmonton, Alberta — A new report from MNP prepared for the Insurance Bureau of Canada (IBC) indicates that the Alberta government’s automotive insurance cap is
Hailstorm Hardships: IBC reports that recent Calgary hailstorm will continue to put pressure on Alberta’s insurance system
Calgary, Alberta — The Insurance Bureau of Canada (IBC) is warning that more automotive insurers could be pushed out of the province following an August
Aviva Advisory: Insurer warns of ghost brokers in Canadian market
Toronto, Ontario — Aviva Canada is cautioning Canadians to beware of a ghost broker known as AllcoveredbyAviva or Allcoveredbrokers advertising on social media sites such as Facebook, claiming to
Costly Claims: Calgary hailstorm in August results in nearly $2.8 billion in insured damages, says CatIQ estimates
Calgary, Alberta — The Insurance Bureau of Canada (IBC) has indicated that the hailstorm that hit the Calgary, Alberta area in early August has resulted
