Subsidy Scandal: Insurance Bureau of Canada claims Alberta’s ‘safe drivers’ charged auto insurance premiums to subsidize high-risk drivers
Edmonton, Alberta — The Insurance Bureau of Canada (IBC) reports that Alberta’s ‘good’ drivers are being forced to pay auto insurance premiums to subsidize high-risk
Satvir Serving As CEO: Satvir Jatana named new president and CEO of MPI
Winnipeg, Manitoba — The Manitoba Public Insurance (MPI) Board of Directors have selected Satvir Jatana as the corporation’s new president and Chief Executive Officer (CEO).
Like a Good Neighbour: State Farm to pay $2 million fine for underpaid claims in Montana, U.S.
Montana, United States — Insurance provider State Farm will pay a US$2 million settlement following a two-year investigation by the Montana State Commissioner of Securities
Snowstorm Surges: ICBC claims increased by 160 percent following extreme winter weather
Victoria, British Columbia — The Insurance Corporation of British Columbia (ICBC) has experienced a surge in insurance claims following the recent bout of extreme winter
Faking It: Manitoba Public Insurance unveils top claims fraud cases in 2023
Winnipeg, Manitoba — To close out 2023, MPI has created a list of some of its most ridiculous attempts at insurance fraud claims for the
Automotive Opt-Outs: Ontario drivers can now opt out of direct compensation property damage coverage insurance
Toronto, Ontario — Ontario drivers are now able to opt out of direct compensation property damage (DCPD) insurance as part of a wider multi-year insurance
New Year, New Rates: Government of Manitoba announces a five percent auto insurance rate reduction in the new year
Winnipeg, Manitoba — On Tuesday, the government of Manitoba announced that a five percent rate decrease has been ordered for all mandatory auto insurance premiums.
Proactive Plan Proposing: Financial Services Regulatory Authority of Ontario announces installation of Auto Insurance Supervision Plan
Toronto, Ontario — The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its first Auto Insurance Supervision Plan to promote public trust between drivers
Expanding Threshold Expectations: Alberta raises collision reporting threshold from $2,000 to $5,000
Edmonton, Alberta — Starting January 1, the Alberta government plans to raise the damage threshold beyond which motorists in a collision must report to police
A State of Reduction: Allstate may move out of three major U.S. jurisdictions, says CEO Tom Wilson
Toronto, Ontario — Allstate CEO, Tom Wilson, announced that the insurance provider is ready to move away from three major U.S. jurisdictions to preserve assets.
Insurer Report Card 2023: Time for collision repairers to grade Canada’s insurers
Toronto, Ontario — It’s the most wonderful time of the year–for some, at least. It’s once again time to put on your grading caps and
Insurance Rates Feel the Heat: British Columbia summer wildfires result in $720 million in insured damages
Victoria, British Columbia – According to a recent report made by the Insurance Bureau of Canada, this summer’s wildfires in the Okanagan and Shuswap areas