One Person’s Gain, is Another’s Loss: SGI submits proposal that will see decreases for some customers, increases for others
Toronto, Ontario — After sending out rebate cheques, SGI submitted a proposal to the Saskatchewan Rate Review Panel (SRRP) for a revenue-neutral rate rebalancing, which would result in increases for some customers and decreases for others. If approved, rates will be rebalanced so that each vehicle group pays a “sufficient” amount to cover the cost of […]
A Bigger Slice: Intact completes acquisition of RSA Insurance
Toronto, Ontario — Intact Financial Corporation, one of the largest auto insurance providers in Canada announced today that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc. “Bringing together Intact and RSA will expand our leadership and accelerate our strategy as we continue to focus on outperformance across our business,” […]
Slip-pery Salesman: Alberta insurance agent fined $26,000 for fraudulent insurance certificates
Calgary, Alberta — The Alberta Insurance Council has issued a fine of $26,000 against a former insurance agent found to have issued fraudulent insurance certificates to clients— the majority of which were automobile insurance certficates. The Alberta Insurance Council (AIC) found that insurance agent, Hakan Bahadir, on 52 occasions, “created fraudulent insurance certificates which were […]
Modified Decision: Ontario man denied insurance claim after making modifications to his sports car
Toronto, Ontario — After modifying his sports car a 21-year-old Ontario man was denied an insurance claim. According to a Global News article, a year ago Modasir Ayobi decided to lease a 2020 Subaru BRZ for $500 per month. Ayobi takes great pride in his sports car. He even works two jobs to be able to […]
Motor vehicle accident victim group speaks out against Ontario auto insurance sector
Toronto, Ontario — April 16, 2015 — The Fair Association of Victims for Accident Insurance Reform (FAIR) is calling for the Ontario Auditor General to investigate and report on the auto insurance sector. In a statement, the non-profit organization — made up of MVA (Motor Vehicle Accident) victims injured in collisions — says there are an unprecedented […]
IBC presents NS auto insurance success story at Chamber of Commerce
Halifax, Nova Scotia — March 2, 2015 Insurance Bureau of Canada (IBC) President and CEO Don Forgeron recently discussed the province’s successful auto insurance reforms at the Halifax Chamber of Commerce. The organization says it wasn’t that long ago that auto insurance in Nova Scotia was in crisis, with insurers paying out more in claims than […]
