The battle over connected car data has arrived. Insurers are not prepared.
insBlogs | Auto Insurance
by Jameson Berkow
3y ago
Passenger vehicles are producing unprecedented amounts of data as more and more ‘connected cars’ hit the road. Whoever controls that data could be destined to control the future of auto insurance as well. Canadian insurers have been looking to profit off of so-called ‘telematics’ data since at least 2014 when telematics data collection was in its infancy and largely relegated to the rental car industry. Seven years later, Teresa Scassa says “what we are heading into now is just a completely different universe” in terms of the sheer volume of data being amassed. We are witnessing the “start of ..read more
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SABS Priority Disputes 101: Reflection on Deflection
insBlogs | Auto Insurance
by Daniel Strigberger
4y ago
In our first article in the Priority Dispute Series, I provided an overview of Ontario’s accident benefit priority dispute scheme and the process necessary to pursue and dispute priority. To recap: The priority pecking order is found in subsections 268 (2) to (5.2) of the Insurance Act. All priority disputes are resolved in accordance with a Regulation named Disputes Between Insurers, Reg. 283/95. The first insurer that receives a completed Application for Accident Benefits must handle and pay the claim pending the resolution of any priority dispute. The insurer pursuing priority must give the ..read more
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SABS Priority Disputes 101: Help!
insBlogs | Auto Insurance
by Daniel Strigberger
4y ago
It’s a Friday afternoon before a long weekend, of course, and you’ve just received a potential SABS priority dispute. A new Application for Accident Benefits arrives on your desk and the claimant alleges that she was in your insured’s vehicle at the time of the accident. Not surprisingly, you have no record of her under your insured’s policy. What now? What follows is the first of several articles that will cover the A to Zeds of everything you ever wanted to know about priority disputes (but were afraid to ask). Ontario’s Accident Benefits Priority Pecking Order Section 268 (2) of Ontario’s I ..read more
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Ontario Government Takes a Different Approach to Auto Insurance Reforms
insBlogs | Auto Insurance
by Willie Handler
5y ago
The 2019 Ontario Budget is out and there’s some positive news for auto insurance consumers. Finally, a government in Ontario takes a slightly different approach to repairing a damaged auto insurance product. For too long, the focus has been largely on no-fault accident benefits and ignoring virtually every other aspect of the product. The result has been a complex system that has not kept up with our changing society. Here is what the 2019 Ontario Budget has to say about auto insurance: 1. Lowering Costs and Fighting Fraud Fighting fraud is a common theme for every government. The current gove ..read more
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