Ask Aviva: Aviva auto claims v-p delves into details on ‘AutoCare Centre’ network
Toronto, Ontario — Rosallie Papa-Reid, v-p of national auto claims at Aviva Canada, recently sat for a one-on-one interview with Insurance Business Magazine, during which the insurer’s newly launched “AutoCare Centres” were discussed at length. The opening of Aviva’s first AutoCare Centre in North York turned some heads in the collision repair industry back in […]
Victim Tax: Driver on the hook for nearly $9,000 repair after hit-and-runner hits her uninsured parked car
Toronto, Ontario — What was intended as a frugal decision after an unfortunate accident has left a Scarborough mother with a nearly $9,000 repair bill after her parked car was damaged in a hit-and-run. After a former boyfriend wrecked her 2021 Hyundai Sonata and left her with the $1,000 insurance premium increase that resulted, Shanise […]
TAI-ed Together: Toyota Auto Insurance expands into Calif., no word yet on plans for Canada
Toronto, Ontario — Toyota’s in-house auto insurance division has officially made its way into California, marking the ninth U.S. state to receive the Japanese automaker’s “customizable coverage” insurance offerings. The company said further expansion of Toyota Auto Insurance (TAI) will be seen in the coming months, with plans to integrate Oregon, Georgia and Colorado into […]
Premature Disappearance: Insurers likely writing off electric vehicles for scratched batteries
Toronto, Ontario — Excited to dive into the world of electric vehicle (EV) recycling? With the current state of insurance, an EV might be written off completely if its battery is dented, warped or slightly scratched. According to an article first published by the Times Live, this stems from a general inability to assess or […]
All Clear: Insurance blacklist on theft-prone Hyundai vehicles ‘a U.S.-specific issue’, Hyundai Canada says
Toronto, Ontario — Hyundai Canada has spoken out amid recent reports that some of its models, along with vehicles from Kia, have been effectively blacklisted from being insured in certain U.S. states, clearing up that models on our side of the border remain insurable. Reports came in Friday that drivers of certain Hyundai and Kia […]
Cyclical Savings: Tesla insurance lowering repair costs for customers, top execs say on earnings call
Toronto, Ontario — Tesla’s proprietary insurance platform has made its way into several U.S. states since its 2019 California launch, and now, top executives in a recent company Q4 earnings call claim that their model is actively lowering repair costs for customers. First reported by Drive Tesla Canada, Tesla CFO Zach Kirkhorn and CEO Elon […]
Rate Cap Clapback: IBC says Alberta auto insurance rate cap ‘does nothing to improve affordability’
Edmonton, Alberta — If there are two things the insurance industry and the “Real Housewives” series have in common, it is a stupefying propensity for drama and scandal, as has unfolded Thursday when the Alberta government announced an immediate cap on auto insurance rates through to the end of the year. Announced in a joint […]
Fee Freeze: ICBC approved for two-year rate freeze, utilities commission review to follow
Vancouver, British Columbia — Ask and you shall receive—if you happen to be ICBC, that is—as British Columbia’s crown insurer has been approved for a two-year freeze in auto insurance rates, amid rising inflation among drivers. The British Columbia Utilities Corporation (BCUC) confirmed last Tuesday that ICBC and its basic policyholders will see their insurance […]
Crystal Ball: No break in insurance, repair cost inflation coming in 2023, Ratehub.ca predicts
Toronto, Ontario — The insurance experts at Ratehub.ca published their predictions for 2023 in late December, with results showing little reprieve on the way for an already strained insurer-repairer ecosystem, as inflated repair costs have trickled downward to increased premiums for customers. Statistics Canada’s October Consumer Price Index report for passenger vehicle insurance premiums shows […]
Hall of Shame: MPI releases ‘Top 5 Frauds’ list for 2022
Winnipeg, Manitoba — The holiday season is over, and with that we as humans may resume the regularly scheduled fear and suspicion we love to direct toward one another, spurred on in part by things like the MPI “Top 5 Frauds” list of 2022, released just last week. Whether you like to shake your head […]
