Alberta’s high-risk drivers are getting a free ride-min

Alberta’s high-risk drivers are getting a free ride

The Insurance Bureau of Canada (IBC) was established 1964 and is the national industry association representing Canada’s private home, auto, and business insurers. They act as Canada’s insurance watchdog and work with governments, regulators, and stakeholders to keep the private property and casualty insurance sector competitive, healthy, and viable. The aim is to ensure that…

Vehicle theft in Canada sees huge increase

Vehicle theft in Canada sees huge increase

Canada’s Équité Association’s 2022 Vehicle Theft Trend Report, which was released in June, has revealed some alarming numbers. Unprecedented results showed that for the first time ever, insurers had to pay out more than $1 billion in claims for stolen vehicles. The sharp uptick is particularly bad in Ontario, where the industry ended up paying…