Ontario Insurance News & Views - page 3

A series of 3 articles looking at technology within insurance, where it is now and where it needs to go…

The Insurance Industry is Very Busy Standing Still in the Customers’ Eyes

So where do we go from here? Read more

Many Ontario drivers have likely never heard of David Marshall. In 2016, the Minister of Finance appointed Mr. Marshall as an advisor to make recommendations on improving Ontario’s auto insurance system. Before his appointment, Marshall was the President and CEO of the Workplace Read more

Based on claims case experience, the vast majority of commercial landlords do not have adequate property insurance coverage, according to insurance industry experts.

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Adam Mitchell recently had the pleasure of being a guest on The Insurance Podcast, hosted by Pete Tessier, to talk about various issues within the insurance marketplace and industry in Ontario.

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Artificial Intelligence and ‘AI’ seem to be on everyone’s lips at the moment. It almost seems mandatory that companies have an AI strategy and an adoption plan. Some companies even claim that they are already AI-enabled, which not only impresses clients and business partners, and puts pressure on their competitors and peers.

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What Are the Quarterly Auto Insurance Rate Approvals?

Four times a year the Financial Services Commission of Ontario (FSCO), the provincial insurance regulator, releases the average change in auto insurance rates approved by FSCO over the previous three months.

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Full coverage is an ambiguous term used by many when discussing automobile insurance. You will, however, not find the words “full coverage” in your auto policy wordings or documents. So, what does it mean? Read more

In Part 1, we looked at two couples who were both unlucky enough to experience water damage in their homes. One couple, Sam and Betty, had water entering their home from a hot tub that had its top blown off and contents spilled due to strong winds. The other couple, Joe and Mary, had rising river water come onto their property and enter the basement through a door at bottom of some stairs. Read more

During the summer we don’t often think about major insurance perils like flooding. Sure there are often storms that bring heavy rainfall, but for much of Canada flooding is often thought of as a spring issue. Read more

Our Ontario Insurer Q&A blog series aims to provide consumers with some important insights into how insurance works in this province, and should help to counter some of the myths and misconceptions floating around in the media these days. Read more