Insurance Bureau of Canada (IBC) today published its annual list of the Top 10 Most Frequently Stolen Vehicles. Once again, Ford trucks and high-priced SUVs feature prominently.
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Many Ontario drivers do not have adequate liability insurance coverage due to changes in the insurance laws seven years ago reducing benefits while offering drivers the opportunity to purchase additional coverage. Sadly, a new study shows up to 25 percent of motorists are not even aware the laws changed, and only seven percent of drivers purchased extended liability insurance and only six percent opted for extra medical coverage.
One of the first lessons that any student of personal injury law learns is that an owner of a motor vehicle is vicariously liable for the negligence of the vehicle’s operator. This vicarious liability is imposed by s. 192(2) of the Highway Traffic Act, which states:
In addition to mandatory car insurance coverages, there are a wide range of optional coverages available (like rental vehicle coverage and roadside assistance, for example). For simplicity’s sake, the following are designed to cover physical damage to a vehicle:
The Financial Services Commission of Ontario (FSCO), which regulates car insurance in the province, says that it approved an average rate decrease of 0.1% in the third quarter. That follows an average increase of 0.76% in the second quarter.
Auto insurance coverage is mandatory for all drivers across Canada. The extent to which it is diversified, however, can vary greatly. One-way auto insurance is a coverage policy that falls on the minimalist side of the spectrum. It satisfies the basic requirements that a driver must have, but also carries some risk in what it omits.
For the last decade, insurers have sought to change automotive underwriting by relying on real data from vehicles, rather than using proxies such as drivers’ estimates of mileage driven, traffic tickets, and accidents. However, as the industry in poised for rapid expansion, a leading expert is suggesting that it is already a failure. But there is a potentially better approach.
The License Appeal Tribunal has held that a person who tripped over stone blocks and fell into a parked Honda vehicle was involved in an “accident”, making him entitled to receive accident benefit under the Statutory Accident Benefits Schedule.
Use of an endorsement form not approved under s. 227(1) of the Insurance Act does not necessarily invalidate an agreement between the parties about exclusion from insurance coverage.
Self-driving or autonomous cars are no longer a thought for the future, they are coming. These driverless cars will take the wheel from humans and place it in the hands of computer automation. The potential for driverless cars that could reduce accidents and save lives may have large implications on the Canadian auto insurance industry. Changes to insurance premiums, liability concerns, the regulatory framework, and general insurance costs will all be shifting too.
Western Medical Assessments (WMA) provides expert medical assessment services to insurance companies, lawyers (both defense and plaintiff) and employers. Our reputation as one of Canada’s most respected disability assessment companies is premised on our trusted network of thousands of clinical experts — mostly specialists — across all medical disciplines (physical and psychological). We’ve been entrusted to complete 63,000 independent medical examinations (IMEs) as our clients appreciate our medical direction, evidence-based medical opinions and complete independence from any ethical conflicts of interest.