Off the Record: 73 percent of insured drivers prefer to pay out of pocket for repairs
Toronto, Ontario — Nearly two-thirds of American drivers would prefer to pay out of pocket and avoid using auto insurance in the event of an accident, according to a survey of 2,000 American consumers, conducted by LendingTree. Of those who did file a post-accident claim, 24 percent regret doing so. According to LendingTree’s survey, 39 […]
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, […]
Introducing the Consumers Guide to Collision Repair: The ultimate unbiased consumer resource for post-collision repair
Toronto, Ontario — The Consumers Guide to Collision Repair, a streamlined resource demystifying post-collision repairs for drivers, is being introduced by Collision Repair magazine. Designed to clear confusion and guide consumers with clear, straightforward advice on navigating repairs and insurance, the website and guide will also improve consumer’s perceptions by showcasing the collision repair industry […]
Lawsuit Highs and Lows: Legal costs impacting auto insurance premiums in Alberta
Edmonton, Alberta – According to a new report from consulting firm MNP, fees associated with post-collision lawsuits have emerged as a significant contributor to rising auto insurance premiums in Alberta. In its report, MNP found that legal fees accounted for approximately 20 percent of premiums in Alberta, translating to nearly $200 annually for each driver. […]
Eyes to Canada: Wawanesa to sell U.S. subsidiary for ‘focus efforts on home market in Canada’
Winnipeg, Manitoba — Wawanesa has entered an agreement to sell its U.S. subsidiary, Wawanesa General Insurance Company, to focus its efforts on the Canadian market, the insurer announced on Aug. 1. “We believe it’s the right time to concentrate on our home market,” said Jeff Goy, president and CEO of Wawanesa. Goy did not specify […]
Bart’s Beat: CCC insurance expert to talk trends at upcoming CIECA webinar
Toronto, Ontario — He’s no weatherman but that doesn’t mean that Bart Mazurek can’t deliver a forecast of things to come for the collision industry, as the v-p of automotive service consulting at CCC Intelligent Solutions gears up for CIECA’s upcoming webinar. The well-established collision industry expert will be speaking on economic trends, driving behaviours, […]
Insurance Clique: FSRA to launch review of 12 Ont. insurers blocking access to auto insurance
Toronto, Ontario — Ontario’s financial regulator has called out 12 insurance companies for non-compliance with the province’s “Take-All-Comers” requirement, alleging in a 45-page report that consumers have been blocked from accessing mandatory auto insurance. In Ontario, the “Take-All-Comers” mandate states that insurers are required by law to accept business from all consumers who meet FSRA-approved […]
Wage Rage: Strike looms as union representing MPI employees rejects wage offer
Winnipeg, Manitoba — Manitoba’s public employees could be the next workforce to take its place on the picket line, as an impasse between the Manitoba Government and General Employees’ Union (MGEU) and MPI could see the crown insurer shuttered for the time being. The MGEU published a statement last Friday in response to wage increases […]
You Pour, You Pay: MPI to eliminate third-party coverage for impaired drivers Aug. 1
Winnipeg, Manitoba — Manitoba’s public insurer won’t be cutting a break to impaired drivers anymore, announcing Tuesday that drivers found to be under the influence will no longer be eligible for third-party liability coverage following a collision. Starting Aug. 1, if you drink, drive and crash in Manitoba, you can also add “pay” to that […]
Ask Aviva: Aviva auto claims v-p delves into details on ‘AutoCare Centre’ network
Toronto, Ontario — Rosallie Papa-Reid, v-p of national auto claims at Aviva Canada, recently sat for a one-on-one interview with Insurance Business Magazine, during which the insurer’s newly launched “AutoCare Centres” were discussed at length. The opening of Aviva’s first AutoCare Centre in North York turned some heads in the collision repair industry back in […]
