Transportation Trucking recommendations emerge in report on ‘hard market’ for insurance May 28, 2021 Insurance companies have been paying out more in trucking-related claims than they collect in premiums. But a new insurance industry report makes a series of recommendations to help address rising…
Transportation NDP motion calls for Ontario truck insurance relief April 30, 2021 Ontario NDP MPP Guy Bourgouin (Mushkegowuk-James Bay) has officially introduced a motion calling on the provincial government to tackle rising insurance costs faced by owner-operators. “Today is a victory for…
Business Management Facility Association reducing its insurance deductibles March 19, 2021 Facility Association has announced a reduction in deductibles for the trucking industry. In her remarks at Facility Association’s recent annual general meeting, FA’s president and CEO Saskia Matheson said the…
Business Management Cargo insurance policies deserve a closer look February 12, 2021 A Toronto-based transportation lawyer is calling on brokers and carriers alike to take a closer look at cargo insurance policies as the all-important documents continue to evolve. “Things have changed.
Business Management Hard truck insurance market leads to search for creative solutions October 22, 2020 TORONTO, Ont. – These are hard times. To be precise, it’s a “hard market” when it comes to sourcing insurance coverage in the trucking industry. Insurance premiums have been soaring,…
Business Management Trucks still idle in wake of Covid-19 shutdowns, insurance data shows October 8, 2020 TORONTO, Ont. – Ontario and Quebec fleets that parked trucks against the fence during the early days of Covid-19 are gradually returning to service, but insurance data shows that not…
Regulations Facility Association updates truck insurance rules October 6, 2020 TORONTO, Ont. – Facility Association – established as an insurer of last resort — has revamped its rating and commercial underwriting rules, making it harder for trucking companies to misrepresent…
Transportation ‘Hard market’ continues to drive truck insurance costs higher October 2, 2020 TORONTO, Ont. – Canada’s trucking industry continues to face rising insurance costs as global insurers back away from the business segment – and cross-border carriers may face some of the…
Transportation 3 trucking insurance options that deserve a closer look September 30, 2020 Insurance is one of the few products you buy in the hopes that it’s never used. But when disaster strikes, an appropriate level of coverage can define the difference between…
Business Management Truck fleets facing double-digit insurance increases September 16, 2020 TORONTO, Ont. – Canada’s truck fleets are facing double-digit increases in insurance costs, when they can find coverage at all, as insurers grapple with the risks of so-called nuclear verdicts…
Regulations FSRA seeks members for insurance panel July 29, 2020 TORONTO, Ont. – Runaway vehicle insurance rates will soon get a regulatory oversight, thanks to a panel being set up by the Financial Services Regulatory Authority of Ontario (FSRA). The…
Transportation Facility Association to update insurance rules, OTA says February 13, 2020 Higher-than-expected insurance claims within Facility Association can create pressures that affect other insurance premiums. TORONTO, Ont. – Facility Association – an insurer of last resort for trucking operations that can’t…
Transportation Insurance broker NFP names Padovani president December 30, 2019 Greg Padovani TORONTO, Ont. — NFP, an insurance broker serving the needs of the trucking industry, has named Greg Padovani president as part of a major leadership restructuring.
Transportation UPDATED: Truck insurance review underway July 16, 2019 The Ontario Trucking Association (OTA) believes some fleets may be misrepresenting themselves when applying for Facility Association insurance. TORONTO, Ont. — A national review by Facility Association – an insurer…
Rising truck insurance costs steering business decisions: Survey June 21, 2019 TORONTO, Ont. – Almost one in five surveyed members of the trucking industry say they have been forced to decline work because of the related truck insurance costs, a…
