Insurance Clique: FSRA to launch review of 12 Ont. insurers blocking access to auto insurance
Toronto, Ontario — Ontario’s financial regulator has called out 12 insurance companies for non-compliance with the province’s “Take-All-Comers” requirement, alleging in a 45-page report that consumers have been blocked from accessing mandatory auto insurance. In Ontario, the “Take-All-Comers” mandate states that insurers are required by law to accept business from all consumers who meet FSRA-approved […]
Asked and Answered: ICBC introduces distance-based discount, building on calls for more usage-based options
Vancouver, British Columbia — ICBC announced Thursday that it will begin offering customers a distance-based discount for those who travel less than 10,000 kilometres per year. British Columbia’s crown insurer claims this new offer will allow eligible customers to save between ten and 15 percent on the annual renewal of their optional coverage. Customers may […]
Sticking up for B-Town: Brampton city council fights ‘postal code discrimination’ in auto insurance
Brampton, Ontario — Ontario’s Flower City is standing up for it’s rep and fighting back against what of a term that many Bramptonians are far too familiar with—postal code discrimination. According to a January report from Rates.com, Brampton tops the province in auto insurance rates at an average of $2,698 per year. Now, Brampton city […]
