March Madness: Storm in March caused $50-million in insured damage in eastern Canada
Toronto, Ontario — A storm that moved across eastern Canada from March 26 to 29, caused $50 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Damage reports associated with the storm that brought heavy rain and strong winds spanned the region, from basements being flooded in southern Ontario […]
Storm Watch: IBC kicks off Emergency Preparedness Week with Top 10 Tips to protect you and your property from severe weather
Toronto, Ontario — Severe weather is on the rise across Canada, all while the nation grapples with the pandemic. That’s why the Insurance Bureau of Canada is cautioning Canadians to plan ahead and be prepared. “Climate change is already causing more frequent and severe weather events across Canada,” said Craig Stewart, vice president of federal […]
Canadian Connections: CCIF’s Toronto 2021 Virtual Experience now live
Toronto, Ontario — Today is the first day at the Canadian Collision Industry Forum’s (CCIF) 2021 Toronto Virtual Experience. The event will kick off at 11 a.m., with a workshop presented by Simplicity Car Care. Much like CCIF’s October 2020 online session, attendees will be able to network in virtual spaces via text, audio, and […]
British Columbia’s insurance dilemma
By CRM staff Toronto, Ontario — March 21, 2019 — As of April 1 British Columbia and Alberta will have substantially similar auto insurance systems, the key difference, however, will be the price. A recent MNP study found that B.C. drivers pay up to 60 percent more for auto insurance as compared to those in Alberta […]
Unsatisfied customers
By CRM Staff Toronto, Ontario – February 5, 2019 – British Columbia drivers are calling for a change when it comes to their auto insurance options. According to survey results released from the Insurance Bureau of Canada (IBC), 82 percent of British Columbians said that they want more choice in the auto insurance market and that […]
IBC calls for changes in NL auto insurance rates
By CRM Staff Toronto, Ontario — February 4, 2019 — The Insurance Bureau of Canada believes changes need to be made to Newfoundland and Labrador’s insurance rates, and the national organization isn’t alone. The NL Board of Commissioners of Public Utilities released a report that summarized the public hearings on auto insurance rates that transpired over […]
IBC pacific vice president agrees — B.C. needs private insurance
By CRM staff Toronto, Ontario – January 31, 2019 – British Columbia has the highest premiums in the country, and it is only going to get worse. Vice president of the Insurance Bureau of Canada (IBC) for the Pacific region Aaron Sutherland strongly agrees that a private sector of auto insurance would decrease prices for […]
Canadians paying the price for stolen vehicles
By CRM Staff Toronto, Ontario — December 11, 2018 — Canadian drivers are paying the price for car thefts, shelling out approximately $1 billion a year to replace and pay for the costs associated with stolen vehicles. To make matters worse, six Canadian provinces experienced increases in vehicle thefts in 2017. New Brunswick led the way […]
IBC pens position paper on autonomous vehicles
By CRM Staff Toronto, Ontario – November 15, 2018 – Insurance Bureau of Canada (IBC) is looking to stay ahead of the curve when it comes to the future of insurance and ownership of data. Today, during its annual Regulatory Affairs Symposium, IBC released a paper titled Auto Insurance for Automated Vehilces: Preparing for the Future […]
Proposing an end to postal code insurance discrimination
By CRM staff Toronto, Ontario — October 17, 2018 — The Insurance Bureau of Canada (IBC) is reviewing a bill introduced earlier this week, that looks at eliminating postal codes as a factor to determine auto insurance premiums. Legislators from both the Progressive Conservative government and NDP introduced two separate but similar pieces of legislation […]
