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 […]
Honour System: New York state considers eliminating pre-insurance vehicle inspections
Albany, New York — A bill currently before New York state lawmakers could see the elimination of pre-insurance vehicle inspections in an effort to curb the frequency of drivers losing their coverage because an inspection was not performed. Currently under consideration by the Senate’s Insurance Committee, Bill S6028 would rid insurers of the requirement to perform […]
Rent Receipt: Canadian LOR up four days in Q1 2022, says Enterprise
Toronto, Ontario — Enterprise Holdings released its Q1 Length of Rental report on Thursday, showing that LOR for collision-replacement rentals continues to climb in Canada and the U.S. The company reported an increase of four full days to the LOR for collision-replacement rentals, bringing the current Canadian average to 15.1 days for Q1 2022. The […]
A.I.s on the Prize: Mitchell demonstrates automated claims solution at Tractable Vision Summit
London, United Kingdom — In a meeting of great minds in the world of collision claims processing, Mitchell took part in a demonstration of the company’s end-to-end claims automation solution for attendees of Tractable’s Vision Summit in London, U.K. Representatives from Mitchell were able to demonstrate how North American carriers can use Mitchell Intelligent Estimating with […]
No-Fault Fiasco: B.C. cyclist sent repair bill for damage to vehicle that hit him
Vancouver, British Columbia — One typically assumes there to be physical costs to being involved in a car accident, but as one British Columbia cyclist is learning, an unexpected financial burden is what truly adds insult to the injury. Last summer, Ben Bolinger alleges that a car ran a stop sign and hit him as […]
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 […]
Crash for Cash: Survey finds 42 percent of Ontarians prefer cash settlement for fender benders
Toronto, Ontario — A recent survey from RATESDOTCA seems to indicate that a significant portion of Ontario drivers would prefer to leave their insurance company out of the loop when it comes to small fender-bender accidents. The survey found that 42 percent of Ontario drivers would prefer to pay or accept a cash settlement instead […]
Calm Compensation: Changes to Alberta insurance claims process ‘fairer and more customer-focused,’ says IBC
Edmonton, Alberta — The Direct Compensation for Property Damage (DCPD) system for Alberta’s auto insurance industry came into effect on Jan. 1, moving the province toward a model that incorporates more fault-free policy options. As of the beginning of this year, Albertan drivers are able to claim vehicle damage that they are not responsible for […]
