Tag: Canadian insurance

New motorcycle insurance options launched by SGI

Julie Campbell
motorcycle insurance

The changes to the available coverage have been sparking controversy among riders since they were first proposed in 2013. The Government of Saskatchewan, a province of Canada, has now announced that it will be adding more motorcycle insurance options for riders throughout the region, in a move that had first been proposed two years ago. Back when the idea was first suggested, in 2013, many riders expressed anger about the changes. The Saskatchewan Government Insurance (SGI) made this announcement, saying that a new third option will be opening up for…

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Ontario auto insurance customers may have overpaid by billions

H. Cutner
auto insurance fraud

The results of a new study have shown that drivers in the Canadian province may have been charged far too much. A new study conducted by the Schulich School of Business on behalf of the Ontario Trial Lawyers Association has revealed that drivers in Ontario, Canada, may have been paying billions of dollars too much for their auto insurance coverage. The research showed that from 2001 to 2013, drivers across the province paid between $3 and $4 billion too much. The study has pointed to the profit benchmark that was…

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Life insurance won’t be impacted by doctor-assisted suicide ruling

Julie Campbell
life insurance industry canada

An industry association has said that the Canadian court decision won’t have a significant affect. An insurance industry association has released a statement with regards to the potential affect on life insurance of the very recent ruling by the Supreme Court of Canada that has overturned the previous ban that had prohibited doctor-assisted suicide. The association said that the impact that will occur on that industry will not be a significant one. The ruling from the top Canadian court was made on Friday, in a unanimous decision to strike down…

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Insurance coverage for in vitro fertilization to end in Quebec

Julie Campbell
in vitro fertility insurance coverage

The Canadian province is making a dramatic cutback in one of its most openhanded fertility treatment public funding plans. Since the creation of the generous public funding program in Quebec, Canada for fertility treatments was first created four years ago, its costs have skyrocketed, causing the province to slash back the insurance coverage that it had been providing for in vitro fertilization. Gaétan Barette, the Health Minister of Quebec recently tabled a bill ending in vitro medicare coverage. The insurance coverage for in vitro fertilization had, for the last four…

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Insurance news could be changing for coverage for oil-by-rail risks

Julie Campbell
Insurance news Lac Megantic train derailment

The Canadian government is looking into broadening the burden for protection against disasters. According to a recent insurance news announcement made by a government official in Canada, it is considering the expansion of the coverage burden for disasters occurring in crude-by-rail transportation. It is also thinking about developing a special fund comparable to the one once established for maritime oil spills. The insurance news could be tremendous to the industry, which continues to reel from the catastrophe that occurred when an oil train lost control and exploded in the province…

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