Insurance News - Thursday, April 3, 2014

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Thursday, April 3, 2014:

• Insurers promise discounts to drivers who allow in-car monitoring and many Canadians are eager to sign up based on response to UBI entrants.
• In addition, a Towers Watson consumer survey shows Canadian market is ready for widespread user-based insurance adoption.  94% are open to a UBI policy and 50% of those would change their driving habits to save money.
• Government safety agency missed trends that could have led to quicker recall of GM cars.  News like this makes me a little apprehensive about self-driving cars.
• For ride-sharing vehicles when does commercial insurance start and personal auto insurance stop?
• Bar suggests they are surprised at province’s moves on Cunningham's DRS report. They shouldn't be because the 2013 Budget indicated legislation was to be introduced in the fall of 2013.
• Bodily injury severity is rising while car safety continues to improve. How can insurers address the trends?