Author Archives: Admin2

How much liability insurance is enough?

Liability insurance covers the cost of damages (for accident benefits, medical costs, lawsuits and awards) in the event of personal injury or death from an accident involving the insured party.  In other words, you are financially protected if you are held liable for an injury or loss by others arising from the operation of your vehicle.

http://www.durhamregion.com/shopping-story/4834355-how-much-liability-insurance-is-enough-/

Barriers to telematics adoption ‘beginning to subside:’ LexisNexis

LexisNexis Risk Solutions recently released results of a survey in which more than two-thirds of respondents expressed concerns that telematics vehicle technology could give their insurance carrier too much information

http://www.canadianunderwriter.ca/news/barriers-to-telematics-adoption-beginning-to-subside-lexisnexis/1003240477/

Privacy concerns over usage-based auto insurance have ‘generally decreased,’ Towers Watson surveys indicate

More than seven of eight respondents to a recent survey said they would be “willing to consider” usage-based auto insurance if their carriers guarantee their rates would not increase, Towers Watson & Co. said Wednesday.

http://www.canadianunderwriter.ca/news/privacy-concerns-over-usage-based-auto-insurance-have-generally-decreased-towers-watson-surveys/1003239012/

Economical Insurance and its broker partner, McDougall Insurance Brokers, provide $10,000 to help fund volunteer training for Spinal Cord Injury Ontario’s Peer Support Program

TORONTO, Sept. 5, 2014 /CNW/ – Economical Insurance, one of Canada’s leading home, auto and business insurance providers, has donated$10,000 to Spinal Cord Injury Ontario‘s Peer Support Program in association with Belleville-based McDougall Insurance Brokers, the largest insurance brokerage in Eastern Canada.  The funds will go towards training volunteers to connect people living with spinal cord injuries and their families to fully-trained peers who can share their experience and knowledge

http://www.newswire.ca/en/story/1407172/economical-insurance-and-its-broker-partner-mcdougall-insurance-brokers-provide-10-000-to-help-fund-volunteer-training-for-spinal-cord-injury-ontario-

Canadian Law Video Site LegalTube.ca Launched

The website is aimed at the public, giving easy video access on a wide range of law-related topics. The site is made up of video content from lawyers listed on LawyerLocate.ca, with videos originally housed on YouTube or Vimeo, pulling everything together by topic as well as by participant profiles (lawyers and law firms). I found the site very easy to navigate with major law topics across the top. There is also a category for Business of Law for practice-related videos.

Early intervention Pre-trial ‘hot-tubbing’ of experts gaining in appeal

The traditional notion of “hot-tubbing” — the concurrent testimony of expert witnesses at trial — might conjure up an image of questions being fired at two bespectacled individuals who compete in terms of intellect and levels of perspiration.

http://www.lawyersweekly.ca/index.php?section=article&articleid=2209

How expensive are BC’s car insurance rates compared to other provinces’? IBC says we have the second-highest rates

VANCOUVER (NEWS1130) – When it comes to car insurance, are you paying more than people elsewhere in Canada?

As of 2013, BC has the second highest rates — only behind Ontario.

Steve Kee with the Insurance Bureau of Canada says the average premium in BC was $1,163 per policy last year.

http://www.news1130.com/2014/08/29/how-expensive-are-bcs-car-insurance-rates-compared-to-other-provinces/

Desjardins sees spike in this type of insurance

Amid reports from Desjardins about P&C insurance premiums increasing by 5.4 per cent, brokers should be aware usage-based auto insurance programs have been among their most impressive recent performers.

http://www.insurancebusiness.ca/news/desjardins-sees-spike-in-this-type-of-insurance-181700.aspx

What is the most expensive province for car insurance?

Recent data from the Insurance Bureau of Canada shows public auto insurance may not lead to lower prices, and competition between providers may be a logical alternative.

http://www.insurancebusiness.ca/news/what-is-the-most-expensive-province-for-car-insurance-181699.aspx?p=1

New Ontario auto bill due for second reading in October

The re-elected Ontario Liberals have reintroduced legislation aimed at helping curb auto claims costs.

http://www.thompsonsnews.com/story.asp?story=1818