Auto Insurance: Page 64

INSURANCE NEWS – CRM 20#1

POOF GO THE PREMIUMS Manitoba drivers are projected to see auto insurance premiums drop by an average of 8.8 per cent in the coming months. In early December 2020, the Public Utilities Board (PUB) approved MPI’s request, which averages out to a savings of more than $100. The corporation had begun turning over more money […]

Picking up the Pace: CAA pay-as-you-go insurance customers tripled in pandemic

Thornhill, Ontario – As the pandemic has seen fewer cars on the road and, in turn, fewer collision claims for insurers to settle, pay-as-you-go pricing models have taken a new position in the forefront of auto insurance as CAA reports that it’s MyPace policy has skyrocketed in popularity. CAA announced on Thursday that according to […]

Collision Repair

Meeting your Match: CrashBay launches search engine to connect drivers to shops

Oakville, Ontario – Finding the right shop for your vehicle’s repairs is as important a relationship as any, and Oakville, Ontario-based company, Crash Bay, is poised to play matchmaker with the launch of their new collision centre search engine. The automotive e-commerce company first launched CrashBay in 2019, and now with the updated ability to […]

Splitting the Cheque: Riskier drivers set to receive most in ICBC rebate program

Victoria, British Columbia – In a further development to the drama surrounding ICBC’s pandemic savings and it’s promise for rebates, Liberal critics to the NDP government are worried that those most deserving of the savings may miss out on a bulk of the money, according to the rebate model unveiled earlier this month. In a […]

Final Stretch: SGI extends SQARP deadline

Regina, Saskatchewan ⁠— Saskatchewan Government Insurance (SGI) has announced an extension to the deadline for shops to meet the new Safe and Quality Auto Repair Program (SQARP). The effective date for repair shops to meet the new accreditation requirements has been extended to July 1, 2021. “We had hoped everyone would have a chance to […]

Setting a New Score: Co-operators approved to offer credit score-based rating

Toronto, Ontario – Nova Scotians with good credit are in for a treat if they drive under Co-operators General Insurance, now that the company has announced that credit scores can now be used as a rating factor for auto insurance, following the regulator’s approval. “The company proposed a new rating variable, Insurance Score, based on […]

Cheque please, no tip: ICBC says $190 rebate cheques coming in March

Victoria, British Columbia – Meeting its promise to return a portion of the $600 million in savings accrued during the pandemic, the Insurance Corporation of British Columbia (ICBC) has announced that drivers in the province will have rebate cheques in their pockets come March. All customers who had a policy with ICBC from April to […]

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AV? We’ll see…: CCIR report shows AVs on the horizon, insurance industry without a plan

Toronto, Ontario – As the automotive industry continues its journey toward fully-autonomous driving, a recent report from the Canadian Council of Insurance Regulators (CCIR) shed some light on the somewhat murky state of the insurance industry’s preparedness for this evolution. Drawing responses from industry stakeholders across Canada, CCIR’s report, entitled “Connected and Automated Vehicles and […]

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Automation Transformation: Solera report shows 72 percent of consumers want automated claims service

Westlake, Texas – In another show of the pandemic’s effect on consumer habits, a recent report from Solera indicates that nearly three-quarters of consumers want a fully-automated repair and claims experience. In a survey conducted by the automotive software developer, it was found that 72 percent of respondents said that they felt confident in their […]

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Canadian Connections: CCIF’s Toronto 2021 Virtual Experience now live

Toronto, Ontario — Today is the first day at the Canadian Collision Industry Forum’s (CCIF) 2021 Toronto Virtual Experience. The event will kick off at 11 a.m., with a workshop presented by Simplicity Car Care. Much like CCIF’s October 2020 online session, attendees will be able to network in virtual spaces via text, audio, and […]

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Let’s ICB-See It: ICBC launches online estimator tool, no date yet for rebates

Vancouver, British Columbia – Further committing to its promise to cut rates by 15 percent, the Insurance Corporation of British Columbia (ICBC) has announced that they will be launching an improved online estimator tool to help drivers track their savings. British Columbia’s public safety minister, Mike Farnworth, says the tool is set to launch alongside […]

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Industry Partners: Tractable and Mitchell offer a solution for Al vehicle repair estimating

New York City, New York — Today, Tractable and Mitchell announce a new partnership allowing North American insurers to produce collision repair estimates automatically from photos. “By bringing our AI expertise together with Mitchell’s comprehensive North American data, we can bring AI automation to more of the North American market that we could reach independently. […]

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