Ontario Insurance News Roundup for November 8, 2021

by Nov 8, 2021Driving, Preventing, Working

The Ontario Insurance News Roundup for the week of November 8, 2021 looks insurance broker commissions, pay-as-you-go car insurance, insuring autonomous vehicles, and top 10 tips to reduce insurance premiums in Ontario.

Broker commissions: The debate continues – Insurance Business Canada

Broker commissions have always – and likely always will be – a topic of contention in the property and casualty (P&C) insurance industry. As long as insurance carriers rely on brokers for their distribution, their advocacy and customer service, brokers have the right to question their carrier partners’ compensation schemes.

CAA MyPace, Canada’s only pay-as-you-go auto insurance payment program now available to more Ontarians – Newswire

CAA Insurance Company is proud to announce the expansion of Canada’s first and only pay-as-you-go auto insurance payment program, CAA MyPace™, in Ontario.

Life is a highway, full of autonomous vehicles – Insurance Bureau of Canada

Last month Travelers released its position paper titled ‘Insuring Autonomy: How Auto Insurance Will Lead Through Changing Risks’ in Canada, highlighting the company’s assessment of how the current auto landscape will benefit from the adoption of autonomous vehicles (AVs).

IBC’s top 10 tips to reduce insurance premiums – Insurance Business Canada

November is Financial Literacy Month in Canada, understanding your insurance policy is an important part of overall financial literacy. Insurance Bureau of Canada (IBC) is sharing 10 ways for home, auto and business insurance customers to help lower their rates.

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