A Lapse of Faith: Leaked internal MPI emails express concerns over Project Nova review, says CBC report
Winnipeg, Manitoba — The saga of Project Nova continues in Manitoba, as newly released internal emails from MPI raise concerns about McKinsey & Company, the consulting firm carrying out a $12 million review of the project. Manitoba NDP leader Wab Kinew released the emails during question period on Wednesday, stating that the chain of messages […]
A Spark of Solidarity: Rising LOR and repair complexity demand industry alignment, Enterprise Q4 report says
Toronto, Ontario — Enterprise published its length of rental report for Q4 2022 on Tuesday, with results that, in one respect point to pre-pandemic levels of stability, but otherwise bear much of the same disheartening news as LOR reports of the recent past. Enterprise says that despite an average length of rental (LOR) increase of […]
A Collective Collision: Collisions in 2020 cost the Canadian GDP $36 billion, StatsCan report says
Toronto, Ontario — If the entire population of Canada was required to cover the bill for a whole year’s worth of auto collisions, we would all be on the hook for about $946.65 for 2020’s results, according to Statistics Canada’s recent report on the social costs of collisions from that year. Collisions suffered by the […]
Crunching the Numbers: Catalytic converter theft rates higher than reflected numbers, report says
Toronto, Ontario — A new report from the U.S.’s National Salvage Vehicle Reporting Program (NSVRP) gets down to brass tacks on how catalytic converter thefts are costing the insurance industry and everyday drivers, more than what initial estimates may reflect. Based on data collected by State Farm, catalytic converter thefts are up 33 percent in […]
Damaged Hoods: Alberta Hail Storm results in damage to over 70 vehicles, cars
Calgary, Alberta – A severe Alberta storm made its way across Alberta on Monday and into Tuesday, leaving destruction in its wake. Baseball-sized hail was the main culprit of the damage, as it fell from the sky Monday onto unsuspecting drivers commuting on the Queen Elizabeth II highway in Alberta. The hail forced cars on […]
Insured a Great Time: More than 300 insurance leaders set to attend Toronto conference in Sept.
Toronto, Ontario — Leaders from the world of insurance will be descending upon Toronto in the second week of September for the Future of Insurance 2022 conference, organized by Reuters Events. With more than 300 industry leaders slated to attend, including CEOs from Lloyds Canada, Desjardins and Fenchurch General (all of whom are scheduled to […]
Porsche Policy: Porsche Insurance launches in Canada
Toronto, Ontario — Porsche owners now have the ability to opt into an insurance plan designed to cater specifically to their needs as the German automaker has officially launched Porsche Insurance in Canada. Customers who sign on to the OEM-affiliated insurance plan will be afforded a number of exclusive benefits, according to Porsche’s press release, […]
Derecho Damages: May windstorm sixth worst insured loss event in Canadian history, says IBC
Peterborough, Ontario — The repair bill from the May 21 derecho storm that swept through Quebec and Ontario is in the process of being tabulated, but the Insurance Bureau of Canada (IBC) is already confident in declaring the storm to be the sixth most costly insured loss event in Canadian history. Initial estimates from Catastrophe […]
Picking Pockets: N.L. Immigration Minister asks auto insurers to ‘not exploit’ Ukrainian refugees
St. John’s, Newfoundland — From one hardship to another, reports have begun circulating that Ukrainian refugees arriving in Newfoundland are being charged exorbitantly high auto insurance rates, well over the average paid by most Canadians. The Canadian Press got a hold of two auto insurance quotes from a pair of Ukrainian refugees in St. John’s—one […]
A Charged Conversation: Upcoming CIECA webinar to feature Mitchell International exec on EVs
Toronto, Ontario — Get plugged into the latest webinar offering from CIECA, as the collision industry advocacy group gears up for a presentation from Ryan Mandell on the latest electric vehicle trends and what they mean for stakeholders. As director of performance consulting at Mitchell International’s auto physical damage business unit, there are few more […]
