Auto Insurance: Page 19

Auto Insurance

Rocketing Rates: New Brunswick auto insurance providers seeking to raise premiums by 10 percent or more, says new report

Fredericton, New Brunswick – Several major automobile insurance companies are currently seeking approval to raise premiums in New Brunswick by 10 percent or more, says a new report from CBC News. According to the report, the reason for this desired increase is related to rising vehicle repair costs, auto thefts and falling profits within the […]

Auto Insurance

Care-First Consideration: Alberta announces details for upcoming auto insurance reforms; outlines switch to no-fault system in 2027

Edmonton, Alberta — Alberta’s government has announced its plan for an updated insurance system, saying it will raise its auto insurance rate cap for good drivers to a combined 7.5 percent starting in January 2025, with a switch to a no-fault system set for 2027. Specifically, starting in 2027, the province plans to introduce a […]

Auto Insurance

Scam Plan: Saskatchewan residents being targeted by scam emails claiming to be from SGI, says auto insurer

Regina, Saskatchewan – Saskatchewan Government Insurance (SGI) has announced that it has become aware that scammers are targeting Saskatchewan residents with emails claiming to be from SGI. According to a recent press release, the subject line and text of the emails is ever changing. “But we’ve seen it cover subjects like residency confirmation and registration […]

Auto Insurance

A Grizzly Break-In: Insurers say bear that damaged luxury vehicles in California was actually a person in a costume

Los Angeles, California – While bears breaking into vehicles is nothing new, in what has been dubbed “Operation Bear Claw,” the California Insurance Department has reported that four Los Angeles residents were arrested on Wednesday after breaking into vehicles dressed in a bear costume. Specifically, the four residents were accused of defrauding three insurance companies […]

Auto Insurance

Deadly Drives: Hyundai Venue most dangerous vehicle in North America, says new iSeeCars study

Toronto, Ontario — According to a new study from iSeeCars, the fatal accident rate in the United States is now 2.8 per billion miles, and the Hyundai Venue is now the car with the highest fatal accident rate, while Tesla has the highest fatal accident rate of all brands. The study specifically analyzed fatality data […]

Auto Insurance

Rate Relaxations: Alberta to lift auto insurance rate cap, make switch to no-fault system, says industry sources

Edmonton, Alberta — According to a recent report from CBC News, the United Conservative Party (UCP) in Alberta is set to announce that it’s going to let auto insurers in the province raise insurance premiums, while also removing personal injury lawsuits and legal claims. Specifically, as noted by the news source, the province’s government is […]

Departure Diagnostics: Fewer drivers are opting out of lane departure prevention, says IIHS report

Toronto, Ontario — A new study from the Institute for Highway Safety (IIHS) reveals that almost nine out of 10 drivers of vehicles equipped with lane departure warning and prevention systems now keep them switched on. The study, which surveyed drivers with the technology, further notes that seven out of 10 drivers of vehicles that […]

NatCat Navigations: 2024 insured NatCat losses could reach $9 billion by end of year, says ICLR executive

Toronto, Ontario — According to recent reports, Canada’s property and casualty insurance industry is set to pay close to $9 billion in natural catastrophe (NatCat) losses by the end of the year. As noted by Canadian Underwriter on its webinar, ‘Canada in a de-globalized world,’ which occurred last Thursday: “thus far, the official tally in […]

Revved Up: Atlantic auto theft up 13 percent in the first half of 2024; Nova Scotia hit hardest

Halifax, Nova Scotia — Newly released data from the Insurance Bureau of Canada (IBC) indicates that Atlantic Canada is becoming a “hot spot for auto theft,” with a 13 percent increase in auto theft claims in the first half of this year—the largest increase in Canada. In addition to the surge in auto theft claims, […]

Insurer Report Card 2024: Collision repairers grade Canada’s top insurers

Toronto, Ontario — It’s that magical season again—time to don your grading hats and provide feedback on Canada’s automotive insurers! Collision Repair presents to you: the 2024 Insurer Report Card survey. Loading…

Underwriting Uncertainties: GEICO terminating insurance coverage for Tesla’s Cybertruck, says vehicle doesn’t meet underwriting guidelines

Toronto, Ontario — GEICO has revealed that it will not be covering Tesla’s Cybertruck under its insurance system, saying that the vehicle doesn’t meet its underwriting guidelines. Tesla Cybertruck owner, Robert Stevenson recently revealed that GEICO is removing the Cybertruck from its policy plan, commenting on social media platform X that “@GEICO said they can […]

INSURANCE NEWS

PHONE IT IN Accident Support Services International (ASSI) has launched “Start from Home,” an online service to allow drivers that have been in a collision to begin their own collision reports online, from home. The service can be accessed through reportacollision.com, and specifically allows drivers whose collision meets the threshold to report the event at […]

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