Le Lézard
Classified in: Transportation, Business
Subject: CPG

IBC Applauds Government of Newfoundland and Labrador's Action on Electronic Pink Slips

ST. JOHN'S, July 30, 2019 /CNW/ - Insurance Bureau of Canada (IBC) welcomes the news that the Superintendent of Insurance of Newfoundland and Labrador has released guiding principles that permit the use of electronic proof of auto insurance in the province.

Insurance Bureau of Canada (CNW Group/Insurance Bureau of Canada)

Enabling drivers to show their "pink slip" proof of insurance on electronic devices was one of the potential improvements to the automobile insurance system referenced by the Board of Commissioners of Public Utilities in its report to the provincial government this past January.

IBC's Atlantic Vice-President, Amanda Dean, said, "This is a good step. IBC supports any changes that help make insurance more accessible for consumers. Clearly, the government understands that consumers deserve, and are looking for, a modern insurance product. We look forward to continuing to work with the government to bring more choice and innovation to Newfoundlanders and Labradorians."

Newfoundland and Labrador joins Nova Scotia in being the only Canadian provinces that allow drivers to show proof of insurance on their electronic devices and improve the experience for consumers. IBC anticipates other provinces will follow suit. Many U.S. states already allow electronic proof of insurance.

"While today's news is encouraging," Dean added, "This government still needs to address the core issues behind the high claims costs and therefore the high premiums in the province. IBC fully intends to continue the dialogue with the government on reforms aimed at helping consumers see relief from the high cost of their auto insurance."

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 126,000 Canadians, pays $9 billion in taxes and has a total premium base of $54.7 billion.

For media releases and more information, visit IBC's Media Centre at www.ibc.ca. Follow IBC on Twitter @IBC_Atlantic and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1-844-2ask-IBC (1-844-227-5422).

If you require more information, IBC spokespeople are available to discuss the details in this media release.

SOURCE Insurance Bureau of Canada

These press releases may also interest you

at 00:30
Quectel Wireless Solutions (603236.SS), the leading global supplier of cellular and GNSS modules, announced today that the company has recently been selected as a constituent of the Shanghai Stock Exchange (SSE) 380 Index and admitted to the list of...

at 00:14
Nanalysis Scientific Corp. (Nanalysis, TSXV:NSCI, FRA:1N1) is pleased to announce that it has entered into a contract to acquire 100 percent of RS2D S.A.S. (RS2D), a global leader in next-gen electronics for MRI and NMR systems. Closing of the...

at 00:10
Today, American Trucking Associations' Technology & Maintenance Council, in conjunction with FPInnovations' PIT Group, released a pair of reports detailing the effectiveness of the council's aerodynamic fuel savings calculator and investigating...

at 00:01
For a sixth year, Heart & Stroke is urging Quebecers to learn the signs of stroke and what to do when they see them, with the help of the FAST campaign, featuring Josée Boudreault and Louis-Philippe Rivard. Knowing the signs can make the difference...

at 00:01
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") is pleased to announce John Boudreaux has joined ReconAfrica as Logistics and Procurement Manager for the...

at 00:01
Global fintech investment in 2019 fell just shy of 2018's record with $135.7 billion invested across 2,693 deals, according to the Pulse of Fintech H2'2019,...

News published on 30 july 2019 at 15:04 and distributed by: