Tag: Ontario

New auto insurance product may help ride-share companies in Canada

Logan B.
auto insurance ride share

Aviva Canada aims to launch a new auto insurance product in Canada in February New auto insurance coverage for those in Canada that use their own vehicles to transport paying passengers may soon be available in February. The new coverage comes from Aviva Canada, which is looking to close gaps in the auto insurance sector, especially where ride-sharing services are concerned. This coverage may be a boon for Uber, which has come under fire recently due to concerns regarding the insurance coverage that it provides its drivers. Uber has been…

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Auto insurance premiums are falling in Ontario

Logan B.
Toronto Ontario Canada Auto Insurance News

Premiums for auto coverage continue to decline in Ontario, though slower than expected Auto insurance premiums continue to fall in Ontario, Canada, though they are falling at a slower rate than government officials had promised. Two years ago, Finance Minister Charles Sousa promised that auto insurance rates would fall by 15%, but this ambitious promise has proven difficult to fulfill. According to the Financial Services Commission of Ontario, rates are, indeed, falling, but at a much slower rate that many government officials had anticipated. Rates have fallen by approximately 6.96%,…

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Auto insurance rates continue to rise in Ontario

Logan B.
Toronto Ontario Canada Auto Insurance News

Despite government efforts, premiums are on the rise in Ontario Auto insurance premiums in Ontario, Canada, continue to rise, despite promises being made by the government. In April of this year, the government had announced that insurance rates were down by 0.95% during the first quarter of the year, which is a far cry from the average 15% reduction that it had promised to achieve by next month. In Ontario, premiums continue to rise, and government action may not be enough to mitigate the issue. Several companies seek to raise…

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Auto insurance premiums continue to rise in Ontario

S.Vagus
Toronto Ontario Canada Auto Insurance News

Insurance premiums in Ontario may be affected by for profit clinics Ontario is home to the highest auto insurance premiums in Canada, and rates for many drivers continue to rise, even if they have immaculate driving records. There are many factors that affect the cost of insurance coverage, but for-profit medical centers and rehabilitation clinics may be one of the reasons why premiums are on the rise. Notably, bodily injury claims in Ontario are significantly higher than they are in other provinces, perhaps due to the over-utilization of medical services…

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Auto insurance fraud gets more attention in Ontario

Logan B.
insurance fraud

Insurance Bureau of Canada wants more action to be taken on the problem of insurance fraud Auto insurance fraud is on the rise in Ontario, Canada, and some insurers believe that relatively little is being done to resolve the issue. The Insurance Bureau of Canada is beginning to urge the provincial government to take action on the issue with the re-introduction of legislation that is meant to specifically combat insurance fraud. The legislation is known as the Fighting Fraud and Reducing Automobile Insurance Rates Act and insurers believe that it…

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