INSURANCE NEWS
ON THE RISE 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 […]
INSURANCE NEWS
PHONE IT IN Accident Support Services International (ASSI) has launched “Start from Home,” an online service to allow drivers that have been in a collision to begin their own collision reports online, from home. The service can be accessed through reportacollision.com, and specifically allows drivers whose collision meets the threshold to report the event at […]
Fraud Frenzy: Canadian auto fraud up 54 percent thanks to ID theft, fake credit applications, says Equifax Canada
Ottawa, Ontario — Identity theft and fake credit applications have caused Canadian auto fraud to surge 54 percent compared to a year ago, according to a recent report from Equifax Canada. Ontario is the province that has experienced the most significant increase in auto fraud, with rates doubling since Q2 2023, said Equifax. First-party fraud, […]
Aviva Advisory: Insurer warns of ghost brokers in Canadian market
Toronto, Ontario — Aviva Canada is cautioning Canadians to beware of a ghost broker known as AllcoveredbyAviva or Allcoveredbrokers advertising on social media sites such as Facebook, claiming to be affiliated with Aviva and selling fake insurance, the insurer wrote last week in a release. “It has come to our attention that Canadians are being scammed by representatives of […]
INSURANCE NEWS
A DASH OF INFORMATION The Insurance Bureau of Canada (IBC) has announced the launch of the Driver and Auto Search History (DASH) system. This system specifically aims to provide industry-directed policy and claims information to users. The press release also outlined how DASH will be used to provide detailed reports on a consumer’s auto insurer […]
INSURANCE NEWS
REGARDING RATES Tom Bissonnette, director of the Saskatchewan Association of Automotive Repairers (SAAR) and Terry Beattie, SAAR board member and owner of LB Beattie Autobody, recently met with Saskatchewan Government Insurance Management to discuss bodyshop material (BSM) rates, among other topics. “Bottom line,” wrote Bissonnette in his weekly newsletter to SAAR members, “SGI will leave […]
INSURANCE NEWS
LIKE A GOOD NEIGHBOUR Insurance provider State Farm will pay a US$2 million settlement following a two-year investigation by the Montana State Commissioner of Securities and Insurance (CSI) into the insurer’s claims handling practices.The investigation revealed that State Farm had underpaid some drivers who had been in accidents with State Farm’s insureds from November 1, […]
INSURANCE NEWS
ALLSTATE ENTERS A STATE OF REDUCTION Allstate CEO Tom Wilson says the insurance provider is ready to move away from three major U.S. jurisdictions to preserve assets. The jurisdictions in question include California, New York and New Jersey. “If we don’t get price increases this year, or approved this year, in those states, we are […]
INSURANCE NEWS
CATACLYSMIC CASH-OUTS Initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ) indicate that the past few months of summer storms in Alberta and the Prairies have generated over $300 million in insured losses. When calculating these losses, estimates were generated from damages incurred from hail, wind and rain damage. The total $300 million plus does […]
INSURANCE NEWS
ONTARIO LAWYER GROUP CALLS FOR INVESTIGATION INTO AVIVA INSURANCE’S CONDUCT The Ontario Trial Lawyers Association (OTLA) issued a press release early August regarding the “troubling revelation” that Aviva Insurance hired Thérèse Reilly, a government insurance adjudicator, while she was employed with the Licence Appeal Tribunal (LAT). Reilly had been involved in a number of case […]
