Ontario Insurance News Roundup for October 11, 2021

by Oct 12, 2021Driving, Living, Preventing, Working

The Ontario Insurance News Roundup for the week of October 11, 2021 looks at cyber security, insurance fraud, auto insurance rates, and home insurance in Ontario.

How auto insurance rates are trending in Alberta, Ontario and Atlantic Canada – Canadian Underwriter

Auto insurance rates plunged in Alberta and Ontario this spring, while rates stayed flat in Atlantic Canada, according to Q2 2021 results from LowestRates.ca’s latest Auto Insurance Price Index Report.

Northern Ontario cities make up half of Top 20 most expensive places in province for home insurance – Sootoday

A recent report by a company which compares insurance rates from different providers says Sault Ste. Marie is one of the Top 20 most expensive cities in Ontario when it comes to buying coverage.

Anti-fraud group Équité Association formally launches – Insurance Business Canada

Équité Association, the Canadian insurance industry’s “unified front” against insurance fraud and exploitation, formally launched this week.

Nearly half of Canadian small businesses do not allocate budget to cybersecurity – survey – Insurance Business Canada

Most of Canada’s small businesses are unprepared for cybercrime risk despite being forced to rely on more digital processes during the pandemic, a new survey commissioned by the Insurance Bureau of Canada (IBC) has found.

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