Mark Yakabuski News

Insurance Bureau of Canada Calls for ‘Heightened Cooperation’ on Quakes

Central Europe isn’t the only place in the world that faces earthquake threats (See related article). The Insurance Bureau of Canada has issued a call for the creation of an ongoing working group between the insurance industry and the provincial …

IBC Aims to Convince Canadian Drivers’ to Pay Attention

The Insurance Bureau of Canada asks the rhetorical question as to whether Canadian drivers are “prepared to give up their cellphones and other distractions while driving?” The IBC noted that “despite the growing body of research that concludes that driving …

Canadian Auto Insurers, Consumer Group Clash Over Ontario Premiums

Canada’s auto insurers are disputing a recent study that showed Ontario drivers’ auto insurance rates are as much as 45 percent higher than those for British Columbia motorists. The Insurance Bureau of Canada said that premiums in Ontario are down …

Canadian P&C Insurance Industry Promises to Unveil Disclosure Plan Today

On November 12, 2004, insurance industry representatives will unveil what they say is a plan to demonstrate the industry’s commitment to ensuring that Ontario consumers enjoy the highest level of transparency and confidence in their dealings with the property and …

Ontario Auto Insurers Make the Grade in Claim Satisfaction According to FSCO Survey

Auto insurers in Ontario, Canada have once again been given a top grade by customers making a claim. The annual Auto Claims Satisfaction Survey, issued by the Financial Services Commission of Ontario (FSCO), shows that 84 percent of consumers who …

Ontario Auto Insurance Reforms ‘Excellent News’ for Consumers Says IBC

The Insurance Bureau of Canada lauded the Ontario government’s enactment of the latest package of automobile insurance reforms, indicating that they will help to cut costs and reduce fraudulent claims. The reforms include: “a reduction in the insurance premium tax, …

IBC Sees Ontario Auto Reform as a Step in Controlling Costs

The Insurance Bureau of Canada has endorsed the Ontario government’s announcement today of reforms to the auto insurance system in the province. “The reform package includes detailed regulations to implement legislation passed at the end of last year, as well …