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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 drivers. Using data from a Deloitte LLP report, the IBC said on Wednesday that it discovered that the province’s worst drivers have been offered subsidized insurance rates for 20 years. […]

New Year, New Rules: Ont. tow and storage operators must be certified, ascribe to new Code of Conduct, according to new provincial towing legislations

Toronto, Ontario —New towing legislation in Ontario will require all tow and storage operators be certified by the province and possess identification cards to prove such, among other changes enacted Jan. 1 by the Ont. government. Under the new legislation, tow and storage operators must be certified by the province and have an identification card […]

Thwarting Theft: Ontario spending $18 million over three years on auto theft prevention

Toronto, Ontario — The Ontario government is spending $18 million over the next three years to fund projects intended to fight auto theft, Premier Doug Ford announced on November 24. The money to fund these projects will come through a preventing auto thefts grant, according to a news release accompanying the announcement. This grant money […]

Partners in Progress: IBC partners with Skills Ontario to support Indigenous initiatives

Toronto, Ontario — The Insurance Bureau of Canada (IBC) has officially come on board as a partner of Skills Ontario’s Diversity, Equity and Inclusion program, with plans to support the organization’s First Nations, Métis and Inuit (FNMI) initiatives. Skills Ontario regularly hosts information sessions aimed at attracting underrepresented populations, namely Black, Indigenous and new Canadian […]

Holding Steady: ICBC files to freeze basic insurance rates for next two years

Vancouver, British Columbia — The Insurance Corporation of British Columbia has filed an application with the British Columbia Utilities Commission (BCUC) for no increase to basic insurance rates for the next two years. “Holding firm on ICBC’s basic insurance rate for two more years will help millions of drivers with their monthly bills amid global […]

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