Preparing for Hurricane Season: CCC Q2 2024 report reveals 94 percent of all comprehensive claims estimates for drivable vehicles included PDR over last two years
Toronto, Ontario — Crash Course (CCC) recently released its Q2 2024 report which indicates that hurricanes and severe convective storms have a considerable impact on the auto insurance and collision repair industries, resulting in an increase in damages and economic loss, as well as causing 94 percent of all comprehensive claims estimates for drivable vehicles […]
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 […]
Moving Forwards: MPI faces massive backlog following two month strike
Winnipeg, Manitoba — Manitoba Public Insurance (MPI) is facing a massive backlog of claims, road tests and other appointments as its employees return to work following a two-month strike. While the strike may have ended last week, MPI employees have some catching up to do reports Carmen Nedohin, who recently assumed the role of MPI’s […]
Hailing Contingencies: Manitoba Public Insurance has expanded some services as labour dispute continues
Winnipeg, Manitoba – With the MPI strike entering its sixth week, the Crown corporation says it’s introducing new and expanded contingency plans to ensure customers have continued access to MPI services. This news comes from an emailed media release in which Ward Keith, MPI Board Chairperson said, “I am pleased MPI officials have been able […]
Holding Steady: ICBC files to freeze basic insurance rates for next two years
Vancouver, British Columbia — The Insurance Corporation of British Columbia has filed an application with the British Columbia Utilities Commission (BCUC) for no increase to basic insurance rates for the next two years. “Holding firm on ICBC’s basic insurance rate for two more years will help millions of drivers with their monthly bills amid global […]
Divide and Prosper: Credit score discrimination by auto insurers growing in N.B. despite opposition
Saint John, New Brunswick — The New Brunswick Insurance Board continues to approve insurer requests allowing credit scores to determine driver insurance rates, despite criticism that the practice carries discriminatory implications. Notably, the independent Office of the Attorney General has criticized the practice as unfair, given that the province has the most drivers per capita […]
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 […]
Fraud Stoppers: Terri O’Brien appointed as CEO of anti insurance fraud organization
Toronto, Ontario — Terri O’Brien has been appointed as the CEO for Équité Association, the Canadian insurance industry’s first corporation dedicated to eliminating insurance crime. O’Brien brings over 25 years of experience of financial services to her new role. Prior to Équité, O’Brien was Chief Risk Officer (CRO) at Pace Credit Union, CRO at Interac […]
A Different Type of Twisted: Collision repair shops deal with aftermath of Barrie, Ont. tornado
Barrie, Ontario — Last Thursday a tornado swept through Barrie, destroying homes, vehicles and virtually anything standing in its five kilometre long and up to 100 metres wide path. Since then, collision repair shops such as CSN Zenetec and Fix Auto Barrie North have been dealing with the aftermath. “The claims started coming in the day […]
Cheque Yourself: More than half of Canadians may have missed out on auto insurance discounts amid the pandemic
Toronto, Ontario — Although many Canadians have been driving less throughout the pandemic, more than half did not reach out to their insurer to inquire about discounts or changes to their policies, according to a new survey by RateHub.ca. Only 38 percent of the 1, 300 Canadians who were surveyed said they reached out to […]
