Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
Political pressure to keep automobile premiums low is a problem that has bedevilled Ontario insurers for some time now. The problem certainly isn’t new and it isn’t going away. It also crosses party lines. Four years ago, the Liberal government…
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A provincial election in Ontario is expected to take place within the next six months. In the lead up to that election, it is a safe bet that all three parties will make a number of promises as to how…
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It is fair to say that the profitability of many Canadian insurers is largely influenced by their Ontario automobile results. With this in mind, the industry may be in for a rough ride. Ontario automobile, so often the Canadian property…
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Using the family car to drive for Uber carries the potential for serious consequences in terms of inadequate insurance protection. Until the legal issues surrounding Uber’s business model are resolved, it doesn’t appear likely the industry will come up with a solution.
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2014 was a good year for the insurance industry in Canada and the United States. However, 2015 will face different challenges. First, the industry is over capitalized. This situation will result in companies trying to capture market share in sectors…
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The auto insurance focus of this year’s Ontario Economic Statement is consumer protection.
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The Liberals will have a challenge bringing down rates further without a few significant systemic changes.
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It is unfortunate that insurance is continually being influenced by politics. It is frequently used by a party to gain votes prior to an election or simply to stay in power. Currently the Liberal Party (Liberals) in Ontario needs the…
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