Allstate launches usage-based auto insurance program in Alberta

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New insurance program could net drivers savings on premiums A new auto insurance program in Alberta, Canada, could give drivers a chance to save money on their coverage. Allstate has launched a new usage-based insurance policy in the province. The policy involves the use of telematic technology, which is designed to collect data on how a vehicle is being driven. This may be good news for safe drivers, as they will be able to obtain discounts on their insurance coverage. This data is collected over six months, giving Allstate the…

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Alberta, Canada, sees 91 percent spike in employment insurance recipients

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The province that had previously had a boom in job availability is now facing astounding unemployment rates. New research from Statistics Canada has shown that the province of Alberta has reached a tremendous increase in employment insurance recipients when compared to the rate in January 2015. The Statistics Canada data has shown that the figure in January 2016 is a massive 91 percent higher. In fact, across the country, the number of people receiving employment insurance has increased by 7 percent, but the majority of that figure is actually the…

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Insurance industry needs to evolve to handle greater risks

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Canada’s insurers, and other parties, will have to adapt to the growing frequency of natural disasters Severe weather is beginning to have a major impact on Canada’s insurance industry. As powerful storms hit populated areas, claims are beginning to apply significant financial pressure on insurance companies offer coverage for property and vehicles. The Insurance Bureau of Canada believes that the time has come to address the rising costs associated with severe weather. Doing so may help mitigate the costs that consumers see and help the insurance industry become more resilient…

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Auto insurance premiums continue to rise in Ontario

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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Employment insurance claims are on the rise in Canada

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Claims have increased by nearly 30% in Alberta The number of those living in Alberta, Canada, applying for employment insurance benefits is on the rise, according to a report from Statistics Canada. Employment insurance in Canada is similar to unemployment insurance in the United States. Those applying for benefits receive temporary financial assistance while looking for work or improving their skills. Throughout Canada, employment insurance claims have risen by an average of 6.7%. Report shows that more than 500,000 Canadians currently receive employment insurance benefits According to the report from…

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