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.
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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
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.
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.
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.
Paying out to avoid costly investigations untenable, says expert
The insurance industry is fighting back against the old habit of paying bogus claims to avoid costly investigations, by implementing predictive analytics to forecast and prevent fraud in commercial lines.
Creative Auto Insurance Fraud
You may not realize it, but insurance fraud is common. While this type of fraud may seem like an easy way of making a few extra bucks, people tend to ignore the long-term consequences. Since there are a few people out there who try to scam insurance companies, the negative effects are suffered by the masses. Many honest customers have their claims denied under suspicion of fraud. Fraud also contributes to an increase in premium rates.