Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
Several new auto insurance regulations have now been approved by the Ontario Cabinet.
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In the recently released decision of Equitable Trust Co. v. The Portage La Prairie Mutual Insurance Co., 2014onsc4767, Ontario Superior Court Justice Stewart affirmed the generally held view that an insured mortgagee is entitled to recover the outstanding balance owing…
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The auto insurance focus of this year’s Ontario Economic Statement is consumer protection.
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This week FSCO released rate filings approved for third quarter of 2014. Nine insurers, representing 26.65% of the market based on premium volume, had rates approved in the third quarter of 2014. Approved rates decreased on average by 0.11% when applied across the total market.
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It was raining in Oakville, but it was nothing worth writing home about, just a normal run-of-the-mill summer storm. But as soon as I crossed the boundary into Burlington, that changed. I was quite amazed at the experience: after a…
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Monk v. Farmers’ Mutual Insurance Co. (Lindsay), [2014] O.J. No. 3509, illustrates the importance of the policy language used. Ontario Superior Court Justice Koke summarily dismissed this action against both the insurer and insurance broker arising from an insurance coverage claim…
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The Ontario Budget presented on July 14, 2014 will have little effect on car insurance. The Liberal Party had stated last year that insurance rates must be reduced by 15% but did not indicate how this would be accomplished. They…
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In Amello v. Bluewave Energy Limited Partnership, 2014 ONSC 4040, Ontario Superior Court Justice Perell dealt with a number of issues including, of most interest, a party’s obligation to pay defence costs when it has agreed to include another party as an…
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A surprise majority for the Liberals in the recent election is expected to set a different tone in Queen’s Park after almost 3 years of minority government. A minority government is all about survival, there is no long-term planning. The Liberals…
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The Liberals will have a challenge bringing down rates further without a few significant systemic changes.
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The licensing process for auto insurance service providers, first recommended by the Auto Insurance Anti-Fraud Task Force in 2012, has officially begun. As if June 1, the application process was opened up by FSCO. Service providers must be …
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The policy platforms for the major parties in the Ontario provincial elections are out. Here is what you can expect from each of the parties with respect to auto insurance if they should win the election.
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When Ontario’s Lieutenant Governor David Onley granted Premier Kathleen Wynne’s request to dissolve the legislature, it wasn’t only the proposed budget that was put to the sword. Work also stopped on a key piece of legislation designed to reduce automobile…
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The 2014 Ontario Budget outlined a number of commitments, however many are initiatives that have been previously been announced.
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