Featured NewsVigilance is key in fighting insurance fraudIt's Fraud Prevention Month, and Insurance Bureau of Canada (IBC) is asking Canadians to protect themselves from insurance fraud. In times of financial hardship, such as the economic downturn caused by the COVID-19 pandemic, instances of fraud tend to rise.Featured NewsBusiness Insurance Questions?IBC and its members are here to help protect businesses from risks and find solutions to ensure commercial insurance remains affordable. Click to visit our Business Insurance Help site. Featured NewsCyber criminals are attempting to take advantage of the upheaval caused by the COVID-19 pandemicFeatured NewsCOVID-19: Canadian home, auto and business insurance informationThese are uncertain and challenging times. With COVID-19 causing global concern, we understand many Canadians will have questions related to insurance. On this page you’ll find answers to FAQs about insurance and a brief Q&A document outlining how business interruption policies work. 44 New and Trending Media ReleaseIBC Statement on Ontario Government Announcement: Improving Safety and Enforcement for Towing IndustryMarch 2, 2021 (Toronto) – Today, Kim Donaldson, Vice-President, Ontario, Insurance Bureau of Canada (IBC), issued the following statementMedia ReleaseVigilance is key in fighting insurance fraud - IBC provides tips for consumers this Fraud Prevention MonthMarch 1, 2021 (Toronto) – It's Fraud Prevention Month, and Insurance Bureau of Canada (IBC) is asking Canadians to protect themselves from insurance fraud. Media ReleaseInsurance Bureau of Canada Congratulates Ontario Provincial Police on New Towing Services GuidelinesFebruary 5, 2021 (TORONTO) – Insurance Bureau of Canada (IBC) congratulates the Ontario Provincial Police (OPP) on its new towing services guidelines. Media ReleaseSevere Weather Caused $2.4 Billion in Insured Damage in 2020January 18, 2021 (TORONTO) – Severe weather across Canada continues to highlight the financial costs of a changing climate to insurers and taxpayers.Media ReleaseNovember storm in Ontario caused $87 million in insured damageDecember 14, 2020 (TORONTO) – The November 15 storm in southern and central Ontario caused $87 million in insured damage... How Car Insurance Premiums are CalculatedThe make, model and year of your car, the records of people who are insured to drive it and where you live are all considered by insurers when setting rates. You can lower your premium by making informed decisions.