News
Why do drivers in New Brunswick face larger rate increases?
5+ hour, 59+ min ago (426+ words) New Brunswick drivers facing sudden increases in auto insurance premiums may be experiencing the unintended consequences of the province's outdated regulatory system, according to an analysis by the Insurance Bureau of Canada (IBC). The issue stems from how the provincial…...
Claims delays drive fleet operators to switch insurers: Survey
5+ mon, 2+ week ago (376+ words) Commercial fleet insurance is facing a pivotal moment in 2025, as a new report highlights widespread dissatisfaction with the claims process among truck fleet operators. The 2025 Claims Experience Report, based on a survey of commercial fleet decision-makers across the United States,…...
Small fleets priced out as insurance premiums soar
5+ mon, 2+ week ago (773+ words) Insurance costs are climbing so fast for small trucking operations that many in the one-to-10 power unit range are being pushed to the financial edge, said Karen Eernisse (pictured), national commercial trucking insurance agent at Western Truck Insurance. For larger…...
Alberta's auto reform risks stalling as insurers warn on costs
5+ mon, 2+ week ago (363+ words) Albertans are looking for relief on their auto insurance bills, but insurers caution that affordability gains will be hard to deliver under the province's current reform path. A new Yorkville Strategies survey found that 52% of Albertans expect the upcoming Care-First…...
What's the most affordable EV to insure in 2025?
5+ mon, 2+ week ago (316+ words) Mercury Insurance has released its annual list of the most affordable electric vehicles to insure, aimed at helping consumers balance total ownership costs as the EV market continues to evolve. Now in its 10th year, the list covers 2025 and 2026 model-year vehicles…...
Ontario insurance groups launch training program ahead of 2026 auto reforms
5+ mon, 2+ week ago (402+ words) Ontario's property and casualty insurance sector is stepping up preparations for major auto insurance reforms that will take effect on July 1, 2026. The Insurance Brokers Association of Ontario (IBAO), the Insurance Institute of Canada (IIC) and the Ontario Mutual Insurance Association (OMIA)…...
Tariffs, fraud and tort reform reshape transportation insurance landscape
5+ mon, 3+ week ago (637+ words) In its latest report Amwins has outlined how economic, regulatory and legal factors are shaping insurance conditions across the sector. The 2025 Transportation State of the Market Report points to higher commercial auto premiums, increased litigation costs, tariff impacts and supply…...
American drivers ready to change auto insurance providers - report
5+ mon, 3+ week ago (397+ words) American drivers continued to shop aggressively for auto insurance in the second quarter of 2025, as rate cuts and new vehicle sales kept the market active, according to new figures from LexisNexis Risk Solutions. The firm's US Insurance Demand Meter showed…...
West Coast marine insurers face new pressures from aging fleets and shifting regulation
5+ mon, 3+ week ago (543+ words) For marine insurers on Canada's West Coast, the biggest threats aren't coming from wildfires or floods, but from aging fleets, tightening regulations, and disappearing fishing opportunities. "We're not seeing as much of an impact of the big disasters," said Amanda…...
Progressive Insurance secures win in New York ride-share coverage case
5+ mon, 3+ week ago (898+ words) Progressive Insurance successfully blocked a claim for uninsured motorist coverage after a Lyft passenger's accident, thanks to a key policy exclusion in New York City. Progressive Insurance secures win in New York ride-share coverage case Progressive Insurance just set a…...