Prepare for Premiums: Alberta’s auto insurance to rise in 2020

Edmonton, Alberta — It looks like many Alberta drivers will soon pay more to insure their vehicles, according to a recent bulletin from Aviva Canada. In a recent bulletin sent to brokers, auto insurer Aviva Canada said there could be widespread hikes of 15 percent beginning in January 2020. “We’re increasing private passenger vehicle rates […]

Accident Advice: Aviva says calling insurers post-collision is vital

Toronto, Ontario — Aviva Canada hopes that drivers will remember to contact them immediately after an accident. It also comes several months after Ford announced a pilot program to send directions to certified collision centres to the drivers of vehicles that reported being in collisions.  “It’s a normal instinct to reach out to a loved […]

Class Dismissed: Shops issue insurer report cards

Toronto, Ontario — Collision repair facilities and auto insurers have a delicate—sometimes fractious—relationship.  Unfortunately for the brave men and women of Canada’s repair sector, the balance of power is rarely on the repairer side of the equation. Last year, Collision Repair turned the tables on auto insurers. It issued a survey to Canadian auto repair […]

Eby’s Efforts: ICBC changes facing opposition

Victoria, British Columbia — As the British Columbian government pushes on with changes designed to rein in injury costs against ICBC, the B.C. Supreme Court ruled that attorney general David Eby acted outside his authority when he imposed restrictions on the number of medical expert reports that can be used in auto insurance court claims. […]

Irregular Insurance: New auto insurance policy for borrowed vehicles

Quebec, Quebec — Quebec’s financial regulator and an auto insurance group recently announced the launch of a new auto insurance policy, specifically designed for drivers who do not own a vehicle. Autorite des matches financiers (AMF), Quebec’s financial regulator, and Groupement des assureurs automobiles (GAA), an insurance group, announced the launch of Quebec Auto Insurance […]

Ontario in the Pink: Province moves to electronic proof-of-insurance cards

Toronto, Ontario — September 10th, 2019 — Ontario drivers will no longer have to rifle through their glove box to find their proof of insurance; the province is phasing in electronic proof of auto insurance, accessible through mobile devices such as a smartphone.    The decision was announced at a press conference last Thursday by […]

Tuesday Ticker: September 3, 2019

Toronto, Ontario — September 2, 2019 — In this week’s Tuesday Ticker: a strong economy keeps interest rates stable despite dealership dreams, Safelite absorbs a major rival and BASF makes some quick cash with a major sell-off.   Loonie Lunacy While fears of a self-inflicted recession striking the world’s largest economies–the U.S. and China–continue to […]

Driven Brands on the Auction Block?

Toronto, Ontario — August 16, 2019 — On Tuesday, Bloomberg cited unidentified sources to report that Roark Capital may be considering selling Driven Brands for $2 billion next quarter. At the time of purchase on April 2015, the Driven Brands franchise portfolio included a combined 1,500 shops distributed among several brands such as Maaco, Aero-Colours, […]

Editor’s Log: ICBC — Red and Dead

Toronto, Ontario–August 16, 2019–According to a study from a government-run organization, British Columbians pay more for auto insurance premiums than residents of any other province. In B.C., the average driver pays more than $1,800 for auto insurance each year–more than $300 more than Ontarians, which has the second-highest provincial premiums. It is also more than […]

Canadian repairers safe from State Farm cyberattack

Elizabeth Sargeant Toronto, Ontario — August 13, 2019 — Collision Repair has confirmed that, according to State Farm, no data shared with the company by Canadian repair firms is believed to have been compromised during a recent data breach. On August 7, America’s largest auto insurance company said its systems suffered a data breach, possibly […]