Auto Insurance: Page 45

Long Time, No SAAR: SAAR Fall Conference picking up momentum as Sept. 9 approaches

Saskatoon, Saskatchewan — The golf tournament disguised as an automotive trade show called the SAAR Fall Conference is a go for the second weekend of September as organizers report “great momentum” as attendees get registered for the event. As of Monday morning, there are only twenty spots left for this year’s kick-off golf tournament, though […]

saar

Catalytic Crime: Catalytic converter thefts on the rise in Saskatchewan

Saskatoon, Saskatchewan — Catalytic converter thefts are on the rise in Saskatchewan, according to the province’s public insurer. So far in 2021, there have been 170 catalytic converter thefts reported to SGI—five times more than the year prior. “Right now, the cost of those claims is just over half a million dollars, and it’s also […]

crackingdownoncoverters

Splitting the Bill: Surrey man wins lawsuit against ICBC after 50-50 split with red light runner

Vancouver, British Columbia — A small bit of justice has been done in B.C. this week as a Surrey man won his lawsuit against the Insurance Corporation of British Columbia, winning back the damages he was forced to pay when he was hit by a driver running a red light. Christian Pederson has at long […]

redlight

Caught in the Weeds: B.C. driver on the hook for $4K rental bill due to coverage mixup

Squamish, British Columbia — A chance encounter with Calgary’s early July hailstorm has left a visiting British Columbia driver on the hook for thousands as insurance fineprint snatches up another victim. Henrietta Veenstra of Squamish was caught in Calgary in early July, around the time the city was hit with a substantial hailstorm. The rental […]

rental

The Smoke Clears: IBC reports $78 million in damage after Lytton, B.C. wildfire

Vancouver, British Columbia — The Insurance Bureau of Canada has reported that the June 30 wildfires in Lytton, British Columbia are estimated to have caused $78 in insured damage. In addition, last Wednesday’s press release from IBC said that a majority of the roughly 300 claims issued are related to residential property damage. “This wildfire […]

fire

Selfish Savings: Disparity in New Brunswick auto insurance rates, savings ‘obscene’

Fredericton, New Brunswick — Something isn’t adding up quite right in New Brunswick as new statistics show that auto insurers in the province saved big during the pandemic, but continued to gouge customers on premium rates. According to the General Insurance Statistical Agency (GISA), insurers charged New Brunswick drivers $197.6 million more in premiums than […]

insurance

Holy Hail: Calgary hailstorm caused $247 million in insured damage, according to estimates

Calgary, Alberta — The hail storm that hit Calgary over a month ago caused $247 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). On July 2, Calgary experienced extensive flooding of streets, underpasses, and parking lots. There were also reports of a damaged gas line, downed trees, and sewer […]

hail

Getting on Board: State Farm Claims Consultant Ed Mondragon joins CIECA Board of Trustees

Toronto, Ontario — Ed Mondragon, a property and casualty (P&C) claims consultant in State Farm’s Consulting Services department, joined CIECA’s board of trustees effective immediately. In his new role, Mondragon will support CIECA’s mission to develop and promote electronic data integration standards. “I have a passion for improvements that benefit customers and employee experiences,” said […]

cieca

Who’s in Charge Here?: B.C. cyclist’s demand for audience with Queen struck down in appeals court

Victoria, British Columbia — The cold, fickle visage of monarchy wags its aged finger upon our lands once more, as a Nanaimo cyclist’s insurance claim was recently struck down in the provincial court of appeals for being “abusive” in nature. Tyler Adam Chamberlin alleges that he was the victim of a hit-and-run on July 19, […]

cyclis

Remaining Intact: Insurer releases report on current state of pandemic driving habits

Toronto, Ontario — A new report from Intact Financial Corp. shows that driving levels among Canadians are on their way back up to pre-pandemic rates, but we still aren’t quite there yet. “Driving activity has been on the rise since early May,” said Isabelle Girard, senior vice president of personal lines at Intact. “We are […]

intact

Funnel Cloud Fees: Barrie tornado losses may eclipse those of 2014 Angus tornado, expert says

Barrie, Ontario — Although it is still much too early to make a true estimate of the damages caused by the Barrie tornado, one expert predicts the losses from the July 15 event could significantly exceed those from the 2014 Angus twister. Glenn McGillivray, the managing director of the Institute for Catastrophic Loss Reduction told […]

tornado

Subro’s Start: Tractable launches AI Subro, solution for auto insurers to recover loss and reduce loss ratios

London, United Kingdom — Tractable launched AI Subro last Friday, touting the product as “a new solution that will help US auto insurers resolve subrogation tasks with AI.” AI Subro digitizes and accelerates many of the tasks involved in subrogation – the process by which insurers legally pursue third parties that have caused losses to […]

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