Fee Freeze: ICBC approved for two-year rate freeze, utilities commission review to follow

Vancouver, British Columbia — Ask and you shall receive—if you happen to be ICBC, that is—as British Columbia’s crown insurer has been approved for a two-year freeze in auto insurance rates, amid rising inflation among drivers. The British Columbia Utilities Corporation (BCUC) confirmed last Tuesday that ICBC and its basic policyholders will see their insurance […]

Manitoba Falling: MPI proposes insurance rate decreases for fourth year in a row

Winnipeg, Manitoba – Manitoba Drivers may see a 0.9 percent decrease in their insurance rates, Manitoba Public Insurance (MPI)  announced on Monday. While most drivers can expect this decrease in their rates, it does not apply to all vehicle classes. Rates may increase, or decrease further dependent on the type of vehicle. Vehicles that will […]

No More 90210: Doug Ford promises Ont. insurance reform, calls for end to postal code pricing

Toronto, Ontario – During a press conference Thursday, June 30th, Ontario Premier Doug Ford suggested that insurance premiums predicated on postal codes may be coming to an end. The insurance industry’s practice of pricing based on location represents unfair gouging of consumers, according to Ford. “I know we’re working on a plan for insurance companies, […]

Digital Doubts: Customers unsatisfied with digital insurance options, J.D. Power says

Toronto, Ontario — A new study from J.D. Power has found that despite the large amounts of money being poured into customer-facing websites and mobile apps by insurance companies, customer satisfaction with digital shopping is on the decline. The 2022 U.S. Insurance Digital Experience Study found that customer satisfaction fell 16 points from last year, […]