Auto Insurance

Driver’s Dilemma: IBAA calls for removal of auto insurance rate cap

Edmonton, Alberta -- An association representing Alberta’s insurance brokers says the number of drivers unable to secure in-province auto coverage is...

Atlantic Canada: Auto theft claims rise 228% over decade

Toronto, Ontario -- The rising cost of vehicle repairs aren't the only market force pushing up insurance costs in Eastern Canada, a new report has found....

Insurer Acquisition: Westland absorbs Forefront

Vancouver, B.C. -- The B.C.-based brokerage Westland Insurance is acquiring  Forefront Insurance Inc. According to the company, the strategic acquisition...

Iced Out: Spring storm costs insurers $400 million, report finds

Toronto, Ontario -- The three-day ice storm that hit Ontario and Quebec in the early spring, caused about $416 million in insurance claims, including auto claims...

Alberta Insurance: Auto theft driving costs up, IBC warns

Toronto, Ontario -- Auto theft is having a growing and dramatic impact on insurance costs in Alberta, the Insurance Bureau of Canada is warning...

Cyber Attacks: Canada braces for uptick in disruptive events

Toronto, Ontario -- Canada will see three times as many successful, disruptive and globally significant cyber attacks in 2025 as it did in 2023, according...

AI Adoption: Insurers seeking new ways to use emerging tech

Toronto, Ontario — A new survey from Conning shows the appetite for artificial intelligence technology at insurance companies is growing, but adoption...

Alberta Insurance: Right to sue prohibitively expensive, report finds

Toronto, Ontario -- Allowing Alberta's injured drivers the right to sue following auto collisions could add another $136 to annual insurance payments...

Unwanted Attention: NYC streamlines collision repair complaint process

Toronto, Ontario -- New York state auto repair facilities may soon face increased government scrutiny thanks to a new policy being implemented...

Claim Shift: Average severity drops 2.5%, report finds

Toronto, Ontario -- Canadian collision repairers may face growing pressure to adapt, as new data from LexisNexis points to shifting claim dynamics across...

Margin Mayhem: Autonomous tech to halve insurance costs

Toronto, Ontario -- The widespread adoption of autonomous vehicles could halve auto insurance costs by 2040, Goldman Sachs has found...

Premium Risk: Tariffs, rate caps raising Alberta insurance costs, IBC warns

Edmonton, Alberta -- The Insurance Bureau of Canada is warning that escalating trade tensions with the U.S.  are exacerbating Alberta's already strained auto...

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