OTC Insurance, an insurance broker offering home, auto and commercial insurance in Halifax and Nova Scotia talks about the increased use of telematics and how it will affect people’s auto insurance policies. Simply put, telematics is a 21st century approach to pricing auto insurance which involves using technology to more accurately assess someone’s risk level. This [...]

OTC Insurance, an insurance broker providing service in Nova Scotia, tells you about a new report which talks about the enormous cost workplace fraud is having in Canada The numbers aren’t pretty. According to new research by the Certified General Accountants Association of Canada (CGA-Canada), the cost of workplace fraud on small and medium enterprises [...]

OTC Insurance, your insurance broker for Halifax and Nova Scotia explains how new research has found that hybrid vehicles are safer than non-hybrid ones According to new research by the Highway Loss Data Institute (HLDI), the odds of being injured in a car crash in a hybrid are 25 per cent less than getting into a [...]

Recently, we posted a blog about new legislation in New Brunswick that makes it illegal to use electronic devices while driving. In late September, the Highway Loss Data Institute (HLDI) released a study looking at the effect banning texting while driving had on accident rates. The HLDI is an affiliate of the Insurance Institute for Highway [...]

The insurance industry is a big employer in Nova Scotia, employing roughly 4,500 people in direct jobs. This is one of the main findings of a report sponsored by Nova Scotia Business Inc. and the Greater Halifax Partnership. Here are some other interesting figures that came from the report: • 360 – the number of insurance providers, brokers and [...]