Auto Insurance: Page 24

Collision Repair

Hijacking Insurance Rates: MyChoice study shows auto theft spikes significantly affect insurance premiums across Ontario

Toronto, Ontario — In a recently released report, MyChoice has revealed a possible correlation between carjacking rates across Ontario and record-high insurance premiums. The company specifically looked at the carjacking rates across Ontario cities with a population size of over 100,000, and then compared this data to the monthly insurance premiums across these same cities. […]

Auto Insurance

INSURANCE NEWS

LIKE A GOOD NEIGHBOUR Insurance provider State Farm will pay a US$2 million settlement following a two-year investigation by the Montana State Commissioner of Securities and Insurance (CSI) into the insurer’s claims handling practices.The investigation revealed that State Farm had underpaid some drivers who had been in accidents with State Farm’s insureds from November 1, […]

Collision Repair

Blame Game: Alberta survey reveals that majority of Albertans support at-fault insurance system

Edmonton, Alberta — Fair Alberta Insurance Regulations (FAIR Alberta) recently surveyed Albertan drivers and revealed that the majority of drivers support the province’s current at-fault insurance system. Specifically, the survey, which was conducted between January 8 and 15, and consulted approximately 900 drivers aged 18 and older, found that 63 percent of respondents prefer the […]

Collision Repair

Transforming Claims Processing: Allstate’s augmented reality solution for crash scene reconstruction

Toronto, Ontario — Allstate has submitted a patent application for a system capable of generating augmented reality representations of crash scenes, as detailed in a patent released on March 5. According to the patent, this system will allow users to interact with vehicles, real-world locations, and various objects such as trees, while also incorporating factors […]

Auto Insurance

Ontario Opt-Outs: New auto insurance rules in Ontario could allow drivers more opt-out options

Toronto, Ontario — Ontario is preparing to reform auto insurance in the province to reduce costs for drivers by making more features optional. New auto insurance rules outlined in the 2024 budget report delivered on Tuesday by Finance Minister Peter Bethlenfalvy list that while medical, rehabilitation and attendant car benefits will continue to be mandatory […]

Auto Insurance

Strange Claims: SGI reveals strangest automotive insurance fraud attempts in 2023

Regina, Saskatchewan — The Saskatchewan Government Insurance (SGI) reported 263 fraudulent insurance cases in 2023, resulting in an approximate total value of $5.9 million dollars. Read below to see some of the strangest automotive claims as SGI describes them. Decoy for a vehicle theft Someone who reported her vehicle stolen said thieves must have stolen […]

Insurance Insecurities: One in 10 Ontario drivers have experienced auto insurance fraud claims survey

Toronto, Ontario — A recent survey conducted by InsuranceHotline.com has found that one in 10 Ontario drivers have experienced some form of auto insurance fraud. Specifically, the survey found that nearly 53 percent of respondents believe auto insurance fraud is a serious problem in Ontario, while an additional 24 percent believe that it could be […]

With Respect to Rates: SAAQ consultation seeks feedback on proposed changes to auto insurance contributions in 2025 to 2027 periods

Quebec City, Quebec — An expert panel put forward by the Société de l’assurance automobile du Québec (SAAQ) is seeking public feedback in regards to future automotive insurance rate changes. As outlined in the SAAQ’s “Proposed Insurance Contributions for 2025-2027” information document, an expert panel on automotive insurance contributions made up of Dominique Faribault from […]

Data Broker Breaks: Reports indicate automakers are sharing consumers’ driving behaviour with data brokers and insurance companies

Toronto, Ontario — Vehicle manufacturers share driving information with data brokers such as LexisNexis, who then share the information with insurance companies, states a recent New York Times report. The article specifically describes how Chevrolet Bolt owner, Kenn Dahl discovered how increases to his car insurance were in part related to data broker figures and […]

Autonomous Aggravations: IIHS runs autonomous car safety tests; all but one model fail

Toronto, Ontario — The United States Insurance Institute for Highway Safety (IIHS) recently tested vehicles with semi-autonomous advanced driver assistance systems (ADAS) and found that, out of 14 models tested, only one earned an acceptable rating to pass all IIHS tests. Specifically, Lexus’s top-of-the-line LS with its teammate system secured an appropriate rating, while the […]

Icy Insurance: Deep freeze in Western Canada estimated to have caused over $180 million in insured damages

Edmonton, Alberta — The deep freeze that Western Canada experienced in January is now estimated to have caused over $180 million in insured damages, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). On January 12 in British Columbia, Alberta and Saskatchewan, daytime highs dropped far below the seasonable normal and persisted for […]

Seen at SAAR’s Spring Conference: Sask. association covers current collision trends at annual event

Moose Jaw, Saskatchewan — The Saskatchewan Association of Automotive Repairers (SAAR) hosted its annual spring conference at the Temple Gardens in Moose Jaw last weekend, where industry participants gathered to discuss everything from future technology to how to effectively say no in a workplace. The event kicked off on Friday, March 1 with an Advanced […]

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