Insurance Coverage: Page 2

News

Earthquake Backstop: Insurers optimistic about budget proposal

Toronto, Ontario -- Canada's insurance sector is responding positively to a pledge to launch a formal consultation about the creation of a financial backstop....

Insurance Coverage

Auto Insurance: 33% of Ontario drivers cut coverage in past year

Toronto, Ontario -- A third of Ontario's drivers have reduced coverage or raised deductibles in order to save on auto insurance in the past year, a new survey...

Auto Insurance

System Shift: Manitoba adopting owner insurance model

Manitoba Public Insurance

Toronto, Ontario -- The Manitoba government introduces new legislation aimed at keeping vehicle insurance rates stable as costs rise across the country....

Insurance Coverage

Costly Collisions: Auto insurer losses rising in U.S.

Toronto, Ontario -- The U.S. commercial auto insurance sector continues bleeding money at an alarming rate, generating over US$10 billion in net underwriting...

Auto Insurance

GM Insurance: OEM-led approach expands into Florida

GM Canada

Toronto, Ontario -- Nearly half of General Motors vehicle drivers in the U.S. can now buy car insurance directly from the OEM...

Auto Insurance

Brokering Dissent: Insurers fleeing Alberta, IBAA warns

Edmonton, Alberta -- Brokers across Alberta are unable to secure basic coverage for some clients because auto insurers are scaling back offerings or leaving...

Auto Crime: National auto theft decreases by 19%

Toronto, Ontario – Auto thefts declined close to 20 percent in the first half of 2024, a new report from the Équité Association, the national body representing...

Explaining Inflation: EVs, ADAS and theft push up insurance costs

Toronto, Ontario -- Statistics Canada has identified a number of factors driving auto insurance and repair costs upward over the past five years...

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