CrashBay Collaboration: Turo and Crashbay form partnership
Toronto, Ontario – Turo and CrashBay, the premier digital marketplace revolutionizing collision and car repair solutions for fleets and carriers, today announced their partnership aimed at streamlining the auto claims repair process for Turo hosts across the United States and Canada. This collaboration highlights both companies’ shared goal to simplify vehicle ownership and enhance the […]
On the Rise: Summer 2024 severe weather results in 228,000 claims; a 406 percent increase compared to previous 20-year average, says IBC
Toronto, Ontario — Canada’s home, auto and business insurers are reporting the most challenging summer on record for damage from weather events and natural disasters, according to the Insurance Bureau of Canada (IBC). Four major catastrophes were contributing to approximately 228,000 insurance claims this past summer, says IBC: flooding in Toronto and southern Ontario; the […]
Easy at 1-2-3: Aviva sees 123 percent increase in fraudulent motor vehicle damage claims in 2023
Toronto, Ontario — Aviva experienced a significant increase in fraudulent motor vehicle damage claims in 2023 compared to the year prior, a recent report from the global insurer shows. The insurer, which operates in the United Kingdom, Ireland and Canada, said fraudulent claims for motor vehicle damage rose 123 percent in 2023. Motor fraud accounted […]
Hunger Pains: Intact says its ‘appetite’ in Alberta auto insurance market reducing
Edmonton, Alberta — Intact Financial Corp says its appetite for Alberta auto insurance business is “reducing” in light of the provincial auto insurance rate cap. During a Q2 2024 earnings call, Intact CEO and Director Charles Brindamour said Alberta’s “artificial cap that is below inflation” makes it “very hard for the industry.” “As a result, […]
Close Call: Severe tornado narrowly misses central Alta. communities, local auto repair shops see little to no claims
Calgary, Alberta — A tornado of historic proportions touched down in central Alberta over the weekend—not that anyone in the collision industry would have noticed, as it turns out that just about every repair shop in the area says they were unaffected. Tornado researchers classified Saturday’s twister as an EF4—meaning it reached a maximum wind […]
Repairers Give the Grades: Contribute to Collision Repair mag’s 2022 Insurer Report card
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Lost in the LOR: Staffing shortages, parts availability continue to boost LOR nationwide, report says
Toronto, Ontario — Enterprise has released its Q3 Length-of-Rental report which, in spite of an impressive bout of perseverance in Alberta amid several severe weather events, Canada has seen an overall increase in rental periods across the board. Nationally, rental periods increased by 5.1 days from 11.4 in 2021 to 16.5 days over the same […]
All Hail SGI : Saskatoon Hailstorm causes weekend damage, hundreds of claims filed
Saskatoon, Saskatchewan — Things can change at a moment’s notice. Evening plans can turn into overnight escapades. A drive on a whim can turn into a journey for a day. And a beautiful summer day can descend into danger and destruction. That’s exactly what happened last Saturday as a summer storm damaged many vehicles in […]
An Economical Choice: Solera renews multi-year visual intelligence, machine learning platform partnership with Economical Insurance
Toronto, Ontario — Solera has announced the renewal of its multi-year agreement with Economical, Sonnet and Family Insurance Solutions to use its visual intelligence (VI)/machine learning (ML) platform as a workflow management tool. “We are honoured to collaborate with Economical on its innovation journey. Solera’s data and technology have enabled us to deliver AI-powered solutions […]
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 […]
