Premier Pumps Brakes: Alberta Premier says ‘no appetite’ for government-run auto insurance system despite potential consumer savings
Edmonton, Alberta — Alberta Premier Danielle Smith recently announced that the province will not be considering government-run public auto insurance despite a recent report suggesting hundreds in savings for drivers. The report by Oliver Wyman and Nous Group was originally commissioned by the Alberta Treasury and Finance Board. In the report, “Olive Wyman’s calculations (predicted) […]
Climbing Costs: Insurance Bureau of Canada reveals Ontario’s top ten costliest cities for auto theft claims; reports record-shattering 524 percent cost increase in last five years
Toronto, Ontario — For the first time, the Insurance Bureau of Canada (IBC) has released a list of the top ten costliest cities in Ontario for auto theft claims, and further, reveals a 524 percent cost increase across Ontario since 2018. According to the newly released data, auto theft claims costs have also surpassed $1 […]
Stunting Stunt Driving: Drivers in Saskatchewan will now automatically lose license for a week and vehicle for a month for stunt driving
Regina, Saskatchewan — Drivers in Saskatchewan will now automatically lose their license for a week and their vehicle for a month for stunt and high-speed driving, according to the Saskatchewan Government Insurance (SGI). These new driving penalties came into effect in the province on Wednesday and were initially processed in February. Prior to this change, […]
Service Scramble: Service contracts to be considered as automobile insurance contracts in British Columbia, says BCFSA
Victoria, British Columbia — The British Columbia Financial Services Authority (BCFSA) has issued a Regulatory Statement to respecify what is considered a service contract versus insurance contract in the province. The Regulatory Statement is specifically titled as “Product Warranty, Vehicle Warranty, and Automobile Insurance,” and according to the new policy, under the statement, contracts that […]
Have Your Say: Alberta gov’t seeks feedback on auto insurance reforms
Edmonton, Alberta — The Alberta government is currently considering auto insurance reforms and is seeking public feedback in order to implement a decision that is broadly accessible. Notably, Alberta’s government recently asked independent experts to look at systems that could help reduce the costs of auto insurance and “improve the sustainability of the insurance industry.” […]
Inspecting Inspections: Nova Scotia government reviewing motor vehicle inspection requirements, says CBC
Halifax, Nova Scotia — The Nova Scotia government is reviewing the requirements for motor vehicle inspections (MVI), CBC News has reported. A spokesperson for the Public Works Department told CBC News in a statement that the provincial government started looking at MVI fees at the beginning of this year. Currently, in Nova Scotia, MVIs are […]
Pothole Proliferation: MPI pothole claims set to surpass 2022 figures
Winnipeg, Manitoba — According to data released by Manitoba Public Insurance (MPI), pothole-related claims are set to surpass the high figures of 2022. As of April 7th, 1,634 pothole-related claims were reported to MPI—a number that represents over half of similar claims made in 2023 and almost double 2019’s numbers, Global news originally reported. Since […]
Hijacking Insurance Rates: MyChoice study shows auto theft spikes significantly affect insurance premiums across Ontario
Toronto, Ontario — In a recently released report, MyChoice has revealed a possible correlation between carjacking rates across Ontario and record-high insurance premiums. The company specifically looked at the carjacking rates across Ontario cities with a population size of over 100,000, and then compared this data to the monthly insurance premiums across these same cities. […]
Blame Game: Alberta survey reveals that majority of Albertans support at-fault insurance system
Edmonton, Alberta — Fair Alberta Insurance Regulations (FAIR Alberta) recently surveyed Albertan drivers and revealed that the majority of drivers support the province’s current at-fault insurance system. Specifically, the survey, which was conducted between January 8 and 15, and consulted approximately 900 drivers aged 18 and older, found that 63 percent of respondents prefer the […]
Transforming Claims Processing: Allstate’s augmented reality solution for crash scene reconstruction
Toronto, Ontario — Allstate has submitted a patent application for a system capable of generating augmented reality representations of crash scenes, as detailed in a patent released on March 5. According to the patent, this system will allow users to interact with vehicles, real-world locations, and various objects such as trees, while also incorporating factors […]
