Curtailed for Cabs: New partnership aims to help lower taxi driver insurance

Toronto, Ontario — Following last week’s article on insurance amongst Taxi Drivers, a new partnership has developed to target this disproportionate elevation of insurance premiums amongst those working in the cab industry. The Facility Association has partnered up with Foresight Insurance Analytics to launch a video telematics program to help taxi drivers improve–or simply prove […]

ICBC proposes new premiums plan

By CRM Staff Toronto, Ontario – August 10, 2018 – The British Columbia provincial government has announced that they want drivers to pay ICBC premiums that project more of an accurate risk they represent on the road. The new proposed insurance premiums would be taking in effect next September. The current insurance structure of ICBC’s […]

Report: Autonomous vehicles could reduce premiums by 40 percent

A new report from Aon outlines the reductions in premiums expected to occur as a result of the introduction of autonomous vehicles.

Monte Carlo, Monaco — September 13, 2016 — Automotive premiums in the US could decrease by 20 percent by 2035, assuming autonomous vehicle (AV) technology is adopted at even a moderate pace. That’s according to a new report released by Aon Benfield. The annual Global Insurance Market Opportunities (GIMO) report examines key areas of potential […]

Allstate revenues up in Q2, increase in accidents driving premium increase

Allstate logo

By Jeff Sanford Toronto, Ontario — August 5, 2015 — Allstate Corporation has just reported its latest numbers. The company suggests a solid increase in company revenues as premiums increase in the wake of a broad uptick in auto accidents. Allstate provides auto, home, life and retirement policies to customers in Canada and the US. […]