Auto Insurance: Page 54

Water Woes: More than 500 flood claims so far, says ICBC

Abbotsford, British Columbia ⁠— The Insurance Corporation of British Columbia (ICBC) says it has received more than 500 claims as a result of severe flooding in the province. As of last Friday morning, 502 claims had been received by ICBC, all related to the extreme weather conditions at play. ICBC said in a statement it […]

Fulfilling its Function: ADAS tech reducing claims frequency, according to LexisNexis report

Toronto, Ontario — A new study from LexisNexis is attempting to set the record straight on the relationship between ADAS technology and claims frequency and severity. According to the report, “The impact of Advanced Driver Assistance Systems (ADAS) on insurance claims”, the presence of at least one ADAS feature resulted in an 8 percent decrease […]

Collision Repair

That’s a Write Off: Honda HR-V and Mitsubishi Eclipse Cross bottom of the class in side-impact test

Toronto, Ontario — In the grand old tradition of public shaming through the media, we report that the Honda HR-V and Mitsubishi Eclipse Cross have earned the IIHS’s lowest score of Poor in the recently revamped side-impact test. On the other hand, the Mazda CX-5 was the only model to receive a positive grade of […]

Collision Repair

Balancing the Books: Intact sees decrease total loss severity, Q3 2021

Toronto, Ontario ⁠— Intact Financial Corp. reported its Q3 2021 financials last week, where the auto insurer said it maintains a mid-80s combined ratio on its Canadian personal auto business, with a slight decrease in the severity of total losses. Intact said, for the third quarter of 2021, the severity of claims on auto physical […]

Collision Repair

Call it a Wash: British Columbia assessing damage following severe rainfall, flooding

Victoria, British Columbia ⁠— Weather warnings in B.C. were eased Tuesday morning following days of intense rainfall that caused severe flooding and major highway closures across the province. Thousands across southern B.C. were under an evacuation order Monday and Tuesday due to a storm that washed out major highways, spurred mudslides and cut power across […]

Collision Repair

Winter Wisdom: SGI winter driver tips following first major snowfall of the season

Saskatoon, Saskatchewan — The first signs of winter have hit the prairies and representatives from SGI are reminding Saskatchewan drivers to take a little extra care and be prepared for anything this season. As Saskatoon wrestles with the 8 centimetres of snow it received over the course of Wednesday and Thursday, Saskatchewan Government Insurance’s (SGI) […]

No Stunting in Sask: Saskatchewan allows immediate suspension for stunt drivers

Regina, Saskatchewan — The government of Saskatchewan has announced that they are tightening up The Traffic Safety Act in order to allow police to immediately suspend driver’s licences and impound vehicles if a driver is charged with stunting, racing, or excessive speeding. “This is the first step in strengthening the penalties for stunting and racing […]

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Top of the Class: Hyundai lineup 98 percent AEB-equipped, two years ahead of deadline

Toronto, Ontario — Like the kid in class that somehow got their science project done a week early, Hyundai is showing off as among the first automakers to equip nearly all of their vehicles with automatic emergency braking (AEB) systems. Beating the industry deadline by two years, 98 percent of all Hyundai vehicles produced this […]

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Rental Plateau: Enterprise reports Q3 2021 length of rental mostly static since last year

Toronto, Ontario — As the Canada-U.S. land border re-opens this week, Enterprise Rent-A-Car is expecting that Canadian claims volumes may finally return to pre-pandemic levels. The company noted in its Q3 Length of Rental report that average billed days for car rentals have remained static at 11.4 days since Q3 of 2020. The U.S., on […]

Holy Hail: Regina’s summer hailstorm spurs $90 million in claims, 11,000 auto claims

Regina, Saskatchewan ⁠— An Aug. 31 hailstorm that pummeled the Regina, Sask. area has resulted in 11,004 auto claims, according to Saskatchewan Government Insurance (SGI). In the city of Regina alone, SGI received 8,390 auto claims. Thus far, total damages calculated will likely cost more than $90 million, says SGI. Jonathan Bergen, the owner of […]

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Barrie Unburied: IBC estimates $100 million in insured damage from Barrie tornado

Barrie, Ontario — New estimates from the Insurance Bureau of Canada show that Barrie, Ont. and its surrounding communities were hit harder by July’s tornado than previously thought, as the city continues rebuilding the newly estimated $100 million in insured damage. On July 15, a tornado swept through Barrie and its neighbours of Innisfil, Kawartha […]

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Reviewing Rates: Saskatchewan Rate Review Panel asking for a rate reduction for Saskatchewan Auto Fund

Regina, Saskatchewan — The Saskatchewan Rate Review Panel (SRRP) is asking for a rate reduction for the Saskatchewan Auto Fund from the provincial government rather than the revenue neutral rate change that was originally proposed by SGI. SGI’s rate proposal from June recommended no change for Saskatchewan Auto Fund rates, but included an overall 1.7 […]

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