According to a recent report, one of the most hotly debated underwriting factors in U.S. auto insurance is an applicant’s credit history, with some major American insurers reporting a 116 per cent fluctuation in premium on credit data. But would drivers here benefit from underwriters including credit history when calculating auto premium?
Author Archives: Admin2
Ontario Auto Policy Can’t Drag Alberta Defendants to Ontario
The Court of Appeal for Ontario has released a decision dealing with whether Ontario has jurisdiction over a case stemming from a motor vehicle accident in Alberta
http://www.insblogs.com/auto/ontario-auto-policy-cant-drag-alberta-defendants-ontario/
How Insurers use Social Media (Facebook, Twitter, Instagram) against you
just because something is fun or popular, doesn’t mean that it’s right for you, particularly when you’re in the middle of a litigation battle against a large, deep pocketed insurance company.
Insurance Bureau calls for ‘tough measures’ in Ontario to fight auto claims fraud
Now that the Ontario Liberals have been returned to power with a majority government, the Insurance Bureau of Canada is urging the provincial government to re-introduce Bill 171, which died on the order paper when the election was called last month.
Manitoba’s public insurer seeks rate increase; blames bad winter
WINNIPEG – Manitoba drivers could end up paying more for auto insurance if the province’s public insurer gets its wish.
Prevalence of aggressive driving ‘troublesome:’ RBC Insurance
One in four Canadian drivers say they are “likely to take some kind of action” if they witness another driver committing what they characterize as a “pet peeve,” such as using a mobile device, failing to signal or following too closely, according to a new survey from RBC.
‘Best of the Worst’ in insurance fraud
The most costly white collar crime is tax evasion. The second worst? You probably already know.
http://www.insurancebusiness.ca/news/best-of-the-worst-in-insurance-fraud-178422.aspx?p=1
IBC: Leadership and Cooperation – A fresh start for Ontario auto insurance
Don Forgeron, President and CEO of Insurance Bureau of Canada (IBC), today called for true leadership to help lower auto insurance premiums because Ontarians deserve a better auto insurance system – one that is free of fraud and rewards safe driving.
http://www.ilstv.com/ibc-leadership-and-cooperation-a-fresh-start-for-ontario-auto-insurance/
An insurance deals for drivers who allow their cars to be tracked
Beneath the steering wheels of more than 50,000 cars in Canada are small boxes the size of a mobile phone that let insurance companies monitor when, where and how people drive. The pitch made by insurers for usage-based insurance (UBI) programs is certainly enticing: By installing the device, drivers can save up to 25 per cent on their insurance bills.
Not reasonable for insurance companies to waste money fighting policy holders
Reasonableness and common sense go a long way in preventing disputes and litigation.
Those are attributes we sometimes find in short supply at insurance companies.