Live Insurance News

Canadian car insurance company discovers “pervasive” scams in Toronto auto shops

March 14, 2018March 12, 2018 Julie Campbell

An insurer north of the border has investigated a string of fraud cases regarding deliberately damaged cars. A Canadian car insurance company recently held an investigation into auto body shops within the country’s largest city. Aviva Canada determined that a tremendous number of auto repair businesses are involved in scamming the insurer. The insurer determined that auto body shop workers were billing for unnecessary work or work not done. The Aviva car insurance company determined that half of the total expenses it received for crashed vehicle repairs were fraudulent. The…

Auto insurance premiums are falling in Ontario

October 20, 2015October 18, 2015 Logan B.

Toronto Ontario Canada Auto Insurance News

Premiums for auto coverage continue to decline in Ontario, though slower than expected Auto insurance premiums continue to fall in Ontario, Canada, though they are falling at a slower rate than government officials had promised. Two years ago, Finance Minister Charles Sousa promised that auto insurance rates would fall by 15%, but this ambitious promise has proven difficult to fulfill. According to the Financial Services Commission of Ontario, rates are, indeed, falling, but at a much slower rate that many government officials had anticipated. Rates have fallen by approximately 6.96%,…

Auto insurance premiums continue to rise in Ontario

May 27, 2015May 25, 2015 S.Vagus

Insurance premiums in Ontario may be affected by for profit clinics Ontario is home to the highest auto insurance premiums in Canada, and rates for many drivers continue to rise, even if they have immaculate driving records. There are many factors that affect the cost of insurance coverage, but for-profit medical centers and rehabilitation clinics may be one of the reasons why premiums are on the rise. Notably, bodily injury claims in Ontario are significantly higher than they are in other provinces, perhaps due to the over-utilization of medical services…

Auto insurance discount coming to Ontario drivers with snow tires

April 27, 2015April 25, 2015 Julie Campbell

Toronto Canada Auto ride share Insurance Discounts

The province has recently made its budget announcement and the government has continued its effort to lower rates. The Liberal government of Ontario, Canada, has now announced that it has made another line of changes to the auto insurance discount regulations in the province, as it continues its effort to bring down the costs associated to coverage for motorists. Among the regulations that have now been announced is one requiring auto insurance companies to reward drivers using snow tires. The provincial government also recently announced a number of other types…

Discount initiative for car insurance moves onward to November ballot

January 26, 2012March 16, 2012 H. Cutner

When voters in California head to the ballot in November, they will also face the issue of a discount initiative for auto insurance, called the 2012 Automobile Insurance Discount Act, which was over 99 percent funded by the chairman of Mercury Insurance. The initial sponsorship for the proposal was from the American Agents Alliance, a trade group. This initiative would allow motorists who change their insurers to obtain a discount if they have already had insurance on their vehicles. The proposal had received nearly 505,000 signatures (a random sample of…

Fine for using mobile phone while driving increases to $528 maximum

August 24, 2011May 8, 2013

Legislation created to increase the number of tickets issued for driving while using a handheld mobile phone and to increase the maximum fine to $528, has been sent to Governor Jerry Brown (D) from the California legislature. The California Senate has already given Senate Bill 28 its final approval by a 23 to 13 vote. The Assembly had previously voted for it by 51 to 21 in July. The bill will raise the current fines for using a hand held mobile phone while driving from $208 to $328 for the…

Some California cities will continue with red light cameras

August 22, 2011May 8, 2013

Various cities in Southern California have chosen to continue their commitment to enforcing red lights with cameras, regardless of L.A.’s decision to terminate the program. There was a unanimous vote in the Los Angeles City Council (13-0) in favor of ending the program after city officials deemed the payment of the fines for tickets issued by the cameras to be voluntary. This angered many motorists who had already paid their own tickets. Cities who remain committed to the program include Beverly Hills, where the program for red light cameras has…