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May 10, 2023

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Alberta Insurance: Right to sue prohibitively expensive, report finds

Toronto, Ontario -- Allowing Alberta's injured drivers the right to sue following auto collisions could add another $136 to annual insurance payments...

Alberta Leg a8 Uf Rbvi Qe

Unwanted Attention: NYC streamlines collision repair complaint process

Toronto, Ontario -- New York state auto repair facilities may soon face increased government scrutiny thanks to a new policy being implemented...

Albany

Claim Shift: Average severity drops 2.5%, report finds

Toronto, Ontario -- Canadian collision repairers may face growing pressure to adapt, as new data from LexisNexis points to shifting claim dynamics across...

Zogby Prewitt

Margin Mayhem: Autonomous tech to halve insurance costs

Toronto, Ontario -- The widespread adoption of autonomous vehicles could halve auto insurance costs by 2040, Goldman Sachs has found...

Premium Risk: Tariffs, rate caps raising Alberta insurance costs, IBC warns

Edmonton, Alberta -- The Insurance Bureau of Canada is warning that escalating trade tensions with the U.S. are exacerbating Alberta's already strained auto...

Alberta Leg a8 Uf Rbvi Qe

Educational Excitement: CARSTAR and BETAG host cross-sector training event

Hamilton, Ontario -- On Tuesday, CARSTAR Canada welcomed 50 collision repair and 30 insurance professionals for a training event focused on...

Kelly Betag Demo

New Management: Definity Insurance acquiring the Travelers Co. for $3.3 BN

Toronto, Ontario -- Canada's automotive insurance sector is about to become more consolidated...

Definiteyl

Price Hike: ADAS, speeding, costly verdicts buoy premiums prices

Toronto, Ontario -- Increasing repair costs aren't the only thing pushing auto insurance rates up across North America, a new report has found.

Crashs

Detailed Discussions: Joly shares Fed plan to save auto sector

Oshawa, Ontario -- On Thursday, the Minister of Innovation, Science and Industry discussed the government's plans for revivifying Canada's automotive sector...

Joly

Digital Showdown: Online insurance comparison tool use rises

Toronto, Ontario -- Auto insurance companies are seeing a major shift as more and more consumers turn to online policy comparison tools.

Reports

Law of the Land: Alberta transitioning to no-fault insurance model

Edmonton, Alberta -- Alberta is moving toward a no-fault insurance system. On May 13, members of Alberta’s Legislative Assembly passed Bill 47 in a 42-15...

Alberta Leg a8 Uf Rbvi Qe

Insurance Insights: Albertans uncomfortable with auto insurance reforms

Edmonton, Alberta -- A recent survey conducted by Nanos Research reveals that only 19 percent of Albertans believe the proposed shift to a no-fault...

Alberta Leg

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