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 […]
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 […]
Rate and Review: Rates.ca releases map showing average auto insurance rates in Ontario
Toronto, Ontario – Urban Ontarians are no strangers to high auto insurance rates, and thanks to an interactive map produced by Rates.ca, now they can compete with their friends to see whose neighbourhood has the highest rates. Drivers in Brampton, Ontario pay the highest rates in Ontario coming in at an average of about $2,698 […]
Poof Go the Premiums: Manitoba auto insurance rates to drop 8.8 percent
Winnipeg, Manitoba — Manitoba drivers are projected to see auto insurance premiums drop by an average of 8.8 per cent in the coming months. In early December 2020, the Public Utilities Board (PUB) approved MPI’s request, which averages out to a savings of more than $100. Manitoba Public Insurance (MPI), stated that it can deliver […]
PEI Goes Paperless: Province approves use of electronic proof of auto insurance
Charlottetown, Prince Edward Island – Effective as of December 17, 2020, Prince Edward Island (PEI) drivers have the option to digitally store and present their proof of auto insurance in the form of eSlips. Approved by the Superintendent of Insurance for Prince Edward Island, this move follows Nova Scotia, Ontario, Alberta, Newfoundland and Labrador, Quebec, […]
No Hikes for the Holidays: Alberta NDPs call on gov. to cap auto insurance rates
Edmonton, Alberta – Alberta’s NDPs are calling on the provincial government to reinstate a cap on insurance premium hikes, despite the UCP’s claims that insurers are struggling financially in the pandemic. The NDP’s Jon Carson pointed toward the numbers presented in the Superintendent of Insurance 2019 Annual Report as proof that the auto insurance sector […]
Winter Is Coming: Are Canadians skilled winter drivers?
Toronto, Ontario — 2020 has been a very unexpected year, and many Canadians are feeling the woes of 2020 even more as we enter the winter months. Belairdirect, a Canadian company that offers car and home insurance, surveyed between Sept. 17 to 22, 2020, and discovered that only 45 percent of drivers feel prepared for […]
Pacific Premiums: ICBC to decrease insurance rates by 20 percent
Victoria, British Columbia — ICBC announced on Monday that they are filling for the largest decrease in basic insurance for the first time in 40 years. This move is to reaffirm the commitment the government made for more affordable auto insurance for British Columbians. With the introduction of ICBC’s new Enhanced Care coverage in May […]
Stand Up Speak Out: Repairers give insurers the grades
Toronto, Ontario — Traditionally, collision repairers and auto insurances have a delicate—even quarrelsome relationship. Add a global pandemic into the mix and things become a little more muddled. For the past two years, Collision Repair has asked the Canadian collision repair community to issue grades for the nation’s big players in auto insurance. The areas […]
The Long Game: ICBC to launch online insurance renewal platform in May 2022
Victoria, British Columbia – British Columbia’s crown insurer has almost caught up with the rest of us in 2020 as the Insurance Corporation of British Columbia prepares to offer customers the ability to renew auto insurance online—in May 2022. The online renewal platform will also allow customers to obtain temporary operation permits for commercial fleet […]
