Auto Insurance: Page 22

EV

EV/AV Report: Electric vehicles get a curfew; while partial automation in vehicles deemed not to prevent crashes

Toronto, Ontario — In this week’s EV/AV Report, Tesla is rumored to be getting a “Night Curfew” mode that will allow parents to set a maximum speed limit and reduce acceleration in vehicles; while the Institute for Highway Safety (IIHS) reports that partial automation systems don’t help to prevent crashes despite public opinion. No more […]

Auto Insurance

Annual Insights: SGI 2023-2024 Annual Report reveals $78 million in net income; overall claims costs down

Regina, Saskatchewan — Saskatchewan Government Insurance (SGI) reported $78 million in net income in its 2023-24 annual report, which was tabled in the Legislative Assembly on July 8, 2024. From 2023 to 2024, overall claims costs were down, thanks in part to fewer storms throughout the year, leading to fewer catastrophic claims and their related […]

Auto Insurance

Adiós Aviva: Aviva to discontinue its Aviva Direct insurance program in Alberta by January 2025 due to lack of profitability

Edmonton, Alberta — Aviva Canada has announced its intention to phase out its Aviva Direct home and auto business insurance program in Alberta in early January 2025, citing lack of profitability as the reason for the discontinuation. Aviva direct customers in the province will receive letters in the mail to inform them of the change. […]

Auto Insurance

Climbing Claims: Rising windshield claims cost ICBC more than $100 million each year, says recent report

Victoria, British Columbia — Data collected by the Insurance Corporation of British Columbia (ICBC) shows that there is a growing number of glass repair and replacement claims across the province, with the ICBC paying more than $100 million each year. While the Crown corporation did not speculate on the reasons behind the increase, data shows […]

Auto Insurance

All Hands On Deck: SGI reports 2,500 autoclaims from weekend storm in Saskatchewan

Regina, Saskatchewan — Saskatchewan Government Insurance (SGI) has reported that as of Tuesday afternoon, the insurer has handled 2,527 autoclaims as a result of a storm system that moved across the province over the weekend. Of the claims currently filed, SGI has further reported that most were due to hail damage. SaskToday further noted that […]

Collision Repair

Sustainability Sessions: Solera and Simplicity Car Care host Automotive Industry Sustainability Summit

Toronto, Ontario — Simplicity Car Care and Solera Audatex joined forces on Tuesday in Toronto to host an inaugural Automotive Industry Sustainability Summit dedicated to paving a road to net-zero in the collision repair and auto claims economies. Highlighting the event was the joint launch of The Canadian Claims Economy Sustainability Council a joint initiative […]

Fire Frustrations: MPI Gateway Service Centre temporarily closes due to unexpected fire

Winnipeg, Manitoba — Due to an overnight fire that occurred on June 19th, Manitoba Public Insurance (MPI) has announced that the Crown corporation’s Gateway Service Centre in Winnipeg, Manitoba will be closed until further notice. In a service announcement, MPI specifically commented that “the location will remain closed for front counter services, including vehicle registration […]

INSURANCE NEWS

REGARDING RATES Tom Bissonnette, director of the Saskatchewan Association of Automotive Repairers (SAAR) and Terry Beattie, SAAR board member and owner of LB Beattie Autobody, recently met with Saskatchewan Government Insurance Management to discuss bodyshop material (BSM) rates, among other topics. “Bottom line,” wrote Bissonnette in his weekly newsletter to SAAR members, “SGI will leave […]

No Need For Speed: 60 percent of drivers okay with anti–speeding tech in vehicles, IIHS survey shows

Toronto, Ontario — In a recent survey from the Insurance Institute for Highway Safety (IIHS), more than 60 percent of drivers would find it acceptable if their vehicle provided an audible and visual warning when they exceeded posted speed limits. The survey, which polled 1,802 drivers in the United States, asked respondents questions about the […]

Sayonara, Sonnet: Sonnet Insurance Company to end auto insurance business in Alberta, effective Dec. 13, 2024

Edmonton, Alberta — Sonnet Insurance Company will phase out auto insurance operations by Dec. 13, 2024, the company announced last Friday. The company cited December 13 as its intended date of withdrawal from the Alberta market. Following that date, Sonnet will no longer issue new policies, nor will it renew any new auto insurance policies […]

Premium Pile Ups: Auto industry prices increase in passenger vehicle premiums, critical maintenance and more, says Desrosiers report

Toronto, Ontario — Desrosiers Automotive Consultants has released an automotive consumer price index percent changes report comparing April 2024 to April 2023 data. This data specifically shows that passenger vehicle insurance premiums have increased by 6.8 percent. Data from the report also shows that following increases to passenger vehicle insurance premiums, gasoline price increases were […]

A Dash of Information: Insurance Bureau of Canada launches DASH service to increase industry-directed policy and claims information

Toronto, Ontario — In an official press release, the Insurance Bureau of Canada (IBC) has announced the launch of the Driver and Auto Search History (DASH) system. This system specifically aims to provide industry-directed policy and claims information to users. The press release also outlined how DASH will be used to provide detailed reports on […]

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