Electrifying Insurance: Rivian offering in-house insurance, not yet available in Canada
Irvine, California — Rivian has announced its in-house insurance coverage is now available in 40 States, though the program is not yet available in Canada. Rivian Insurance will offer buyers a quote before ordering their vehicle in hopes to make the process less stressful. In a post on its website, Rivian said this integrated insurance […]
Token of Trust: CAA named most trusted brand in Canada by Gustavson Brand Trust Index
Toronto, Ontario — The Canadian Automobile Association (CAA) has been named the most trusted brand in Canada for the second year in a row in the annual Gustavson Brand Trust Index, released on May 3, 2021. CAA has been rated one of Canada’s top two most trusted brands in the index for five years running. […]
A Dollar for Your Dreams: B.C. woman left puzzled after receiving $1 ICBC rebate cheque
Victoria, British Columbia — As residents of British Columbia await their Insurance Corporation of British Columbia (ICBC) rebate cheques to materialize, one B.C. woman is asking the Crown insurer questions after receiving a $1 cheque in her mailbox. The cheques, averaging about $190 according to ICBC, were sent out last week after seeing weeks-long delays […]
Credit Cleared: RSA Canada receives approval for credit-score based auto insurance in Nova Scotia
Halifax, Nova Scotia — Nova Scotia’s insurance regulator has approved RSA Canada’s introduction of a Quality Rating Factor (QRF), which uses credit scoring for rating auto insurance. RSA Canada’s proposed QRF will only apply to writing new auto business, not existing business. The board noted that it has already approved the use of the QRF […]
Ready, Set, Rebates: SGI to pay out $285 million in one-time rebates to Sask. drivers
Regina, Saskatchewan — Saskatchewan Government Insurance (SGI) will be issuing rebate cheques totalling $285 million to eligible drivers in the coming months The rebates come from SGI’s rate stabilization fund, which “help keep rates low and protect customers from wild rate fluctuations in the event of a sudden onset of claims,” said Tyler McMurchy, SGI’s […]
Setting a New Score: Co-operators approved to offer credit score-based rating
Toronto, Ontario – Nova Scotians with good credit are in for a treat if they drive under Co-operators General Insurance, now that the company has announced that credit scores can now be used as a rating factor for auto insurance, following the regulator’s approval. “The company proposed a new rating variable, Insurance Score, based on […]
Cheque please, no tip: ICBC says $190 rebate cheques coming in March
Victoria, British Columbia – Meeting its promise to return a portion of the $600 million in savings accrued during the pandemic, the Insurance Corporation of British Columbia (ICBC) has announced that drivers in the province will have rebate cheques in their pockets come March. All customers who had a policy with ICBC from April to […]
Let’s ICB-See It: ICBC launches online estimator tool, no date yet for rebates
Vancouver, British Columbia – Further committing to its promise to cut rates by 15 percent, the Insurance Corporation of British Columbia (ICBC) has announced that they will be launching an improved online estimator tool to help drivers track their savings. British Columbia’s public safety minister, Mike Farnworth, says the tool is set to launch alongside […]
Pandemic Padding: SGI saved $169 million during pandemic according to report
Saskatoon, Saskatchewan – A new report from Saskatchewan sheds additional light on the money saved by insurance companies during the pandemic, with firms in the prairie province holding onto an impressive $169 million in savings. “With most people stuck at home, their cars have inevitably stayed in the garage,” said Antoine Fruchard, editor-in-chief at HelloSafe, […]
Staying Intact: Intact Insurance approved for joint acquisition of RSA
Toronto, Ontario – Intact Insurance has gained approval to move forward with its acquisition of UK-based insurer RSA, according to a report from Wednesday. In November, Intact announced the completion of a $3.2 billion capital raise ahead of the transaction with RSA and a majority of RSA shareholders voted to approve the acquisition. RSA’s acquisition […]
