Calm Compensation: Changes to Alberta insurance claims process ‘fairer and more customer-focused,’ says IBC
Edmonton, Alberta — The Direct Compensation for Property Damage (DCPD) system for Alberta’s auto insurance industry came into effect on Jan. 1, moving the province toward a model that incorporates more fault-free policy options. As of the beginning of this year, Albertan drivers are able to claim vehicle damage that they are not responsible for […]
Rebate Season: MPI announces rebates coming in early Feb. for Manitoba drivers
Winnipeg, Manitoba — Manitobans are getting a second Christmas in February as the province’s public insurer announced that rebate cheques and a rate reduction are on the way for drivers in Manitoba. The province’s public utilities board approved Manitoba Public Insurance’s (MPI) request for a 1.57 percent rate reduction for policyholders, as well as a […]
Considerate Claims: Alberta to allow not-at-fault drivers to pursue claims through own carrier
Edmonton, Alberta — Changes are on the way for the Alberta auto insurance industry as the provincial government announced new measures to streamline claims processing for not-at-fault drivers. Starting Jan. 1, drivers will be able to claim vehicle damage that they are not responsible for to their own insurance company and not that of the […]
Reviewing Rates: Saskatchewan Rate Review Panel asking for a rate reduction for Saskatchewan Auto Fund
Regina, Saskatchewan — The Saskatchewan Rate Review Panel (SRRP) is asking for a rate reduction for the Saskatchewan Auto Fund from the provincial government rather than the revenue neutral rate change that was originally proposed by SGI. SGI’s rate proposal from June recommended no change for Saskatchewan Auto Fund rates, but included an overall 1.7 […]
Going to the PUB: MPI requests 1.2 percent rate reduction, $335 million rebate for customers
Winnipeg, Manitoba — Some much deserved relief could be on its way to Manitoba drivers as MPI has announced that it has requested a 1.2 percent rate decrease and $335 million rebate from the Public Utilities Board (PUB). Manitoba Public Insurance (MPI) originally filed its preliminary 2022/23 General Rate Application with the PUB in June […]
Credit Crisis: N.B. insurers given go-ahead for credit-based rates adjustments
Fredericton, New Brunswick — New Brunswick is a province that has been getting by the best they can despite a growing financial struggle for many of its residents, but the introduction of credit scores as a factor in setting auto insurance rates in the province is leaving many New Brunswickers without an adequate starting point. […]
Selfish Savings: Disparity in New Brunswick auto insurance rates, savings ‘obscene’
Fredericton, New Brunswick — Something isn’t adding up quite right in New Brunswick as new statistics show that auto insurers in the province saved big during the pandemic, but continued to gouge customers on premium rates. According to the General Insurance Statistical Agency (GISA), insurers charged New Brunswick drivers $197.6 million more in premiums than […]
Chopping Block: ICBC approved for 15 percent auto rates cut
Victoria, British Columbia – Drivers in British Columbia could finally get some of the financial reprieve they have been asking for now that the BC Utilities Commission has approved a 15 percent cut to the crown insurance corporation’s basic insurance rates, effective May 1, 2021. The BC government has promised to drop the rates of […]
Ontario to reform auto insurance system to combat fraud and drop prices
By Tom Davis Toronto, Ontario — December 6, 2017 — Ontario has announced it will take measures to make auto insurance more affordable for the province’s 10 million drivers with its Fair Auto Insurance Plan. Announced by Charles Sousa, Minister of Finance, in Toronto on Wednesday, the plan includes “significant” reforms that will aim to […]
