Live Insurance News

Auto insurance collision data shows daylight saving time boosts accidents

March 10, 2015March 9, 2015 Julie Campbell

An MP report has shown that when the clocks spring forward, drivers are left dozy behind the wheel. Daylight saving time, also known as summer time, has now caused the clocks to “spring forward” in many countries around the world, including much of the U.S. and Canada, and this has caused health and auto insurance news headlines to flare up with controversy, statistics, and discoveries about the impact that the practice has on our society. This trend will occur once again at the end of the month, as many other…

Top 2014 cases of insurance fraud identified

January 9, 2015January 7, 2015 Julie Campbell

The MPI has now released its list of the largest errors and attempted fraudulent claims from January through December. A new list called the “top five frauds” has now been released by Manitoba Public Insurance (MPI), which shows the leading instances of insurance fraud that occurred within this Canadian province. While interesting and amusing to some, it also places the spotlight on an ongoing problem in the insurance industry. According to the MPI’s data, its own special investigations unit was able to discover approximately $7.5 million in insurance fraud in…

Auto insurance underwriting losses increase by 77 percent

June 27, 2014June 24, 2014 G. Turner

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…