Skip to main content

The Globe and Mail

ING warns drivers of higher insurance costs

Auto insurance premiums are en route upward after several years of stability or decline, ING Canada Inc. signalled yesterday. ING, which describes itself as the largest property and casualty insurer in Canada, expects to raise car insurance rates this year, citing rising costs in Ontario and legal uncertainty in Alberta. The company increased its dividend yesterday and announced another share buyback. Fourth-quarter profit was $95.8-million, 77 cents a share, down 12 per cent from a year-ago profit of $109.4-million, 82 cents, as investment results deteriorated. IIC (TSX) closed up 61 cents to $36.88.

Report an error Licensing Options

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Globe Newsletters

Get a summary of news of the day

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at