Tag: canada auto insurance

Canadian Uber drivers may need to check their auto insurance policies

S.Vagus
layoff employment Insurance Industry - Alberta, Canada

Insurance Bureau of Canada wants Uber drivers to make sure they are properly insured The Insurance Bureau of Canada is advising drivers that work for ride-share company Uber to check their auto insurance policies. The agency suggests that drivers should ensure that their insurance policies provide coverage for their vehicles that are being used for commercial purposes. In most cases, however, conventional policies do not provide commercial coverage for most drivers, as these policies only provide coverage for vehicles being used for personal purposes. As such, they may be exposed…

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UberX generates auto insurance controversy in Canada

Nordstrom
auto insurance uber

UberX has received criticism for the insurance coverage it provides its drivers Ride-share company UberX has generated some controversy in Canada concerning auto insurance. Toronto’s taxi industry has voiced concerns about the insurance coverage that UberX provides its drivers. Per the company’s policies, its drivers are not required to purchase commercial auto insurance. There are concerns that the company does not ensure that its drivers have liability coverage either, which could place drivers and their passengers in a risky position in the event of a major accident. All rides on…

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Auto insurance errors leads to over $36 million in refunds to Canadian drivers

H. Cutner
allstate auto insurance

At an average of $18 per year after the wrong premiums had been applied, ICBC will be paying motorists back. According to a statement that was released by the ICBC auto insurance company in Canada, it had been charging the wrong premiums to motorists because inaccurate vehicle descriptions had been applied to the calculations. However, it has also announced that new software has been implemented that will prevent a repetition of this issue. In the meanwhile, hundreds of thousands of drivers in British Columbia will be receiving refunds on their…

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Auto insurance refund checks from ICBC delayed

Julie Campbell
auto Insurance company canada

Canadian drivers in British Columbia will need to wait a little bit longer to receive their money. Although the checks were supposed to already have been mailed to auto insurance customers of ICBC in British Columbia, Canada, who had been found to be paying too much for their policies over the last few years, it seems that there has been a delay in the process. It has been discovered that the money hasn’t yet been sent out, after all, so customers will need to keep waiting. According to the staff…

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Auto insurance underwriting losses increase by 77 percent

G. Turner
Manitoba flag auto insurance

In Manitoba, the treacherous winter lead to a notably larger number of vehicle collisions. The compulsory auto insurance carrier in Manitoba, Canada, has now reported that it had experienced underwriting losses of almost $220 million (CAD) within the fiscal year that came to a close at the end of February. Moreover, the total number of claims that were filed with the insurer rose by 15 percent over the previous year. The Manitoba Public Insurance Corporation (MPI) has now released its annual report, in which it produce the figures associated with…

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