Daniel Ivans News Today

Your clients may find themselves without comprehensive auto insurance coverage if they submit multiple claims within a certain timeframe.

A recent study from Statistics Canada reveals a concerning trend: the escalating frequency of natural disasters in Canada is resulting in billions of dollars in costs for both Canadians and insurance companies. Between 1983 and 2008, insurance companies in Canada typically spent around $400 million annually on catastrophic claims. However, since 2009, this figure has…

Ontario looks set to introduce rules that would let drivers opt out of parts of their auto insurance. The finance minister said he hopes the change will lead to more innovation.

An increasing number of your clients are expressing interest in water endorsements on home insurance policies, Rates.ca says.

Owning a car in the past few years has become increasingly expensive, not only in the US but in other Western countries. Canadians know this all too well, but they like most of us aren’t anywhere nearly out of the woods yet as a new report indicates car insurance costs in the country will increase even more this year. Hefty EVs present new safety concerns. That’s not the kind of news Canadians want to hear, and we doubt Americans, the British, or others aren’t facing a simil...

Financial Services Regulatory Authority has approved allowing insurers to increase rates by up to 25 per cent in some cases for the first quarter of 2024

Drivers may experience larger increases to their insurance premiums in 2024 as record levels of auto theft, persistent inflation and the increasing cost of…

Canadians could see even higher auto insurance premiums this year amid a growing crisis of car thefts in the country and other industry challenges, according to a new report.

At least eight pickup truck owners in the region reported their vehicles were stolen this week, seven of which were Ford F150s. The thefts come on the heels of a police investigation in Italy, where hundreds of stolen vehicles from Canada destined for the Middle East were seized.

Short-term rental owners might find themselves un- or underinsured when renting their unit out, one insurance expert warns.