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, […]
Revving Up Recycling At OARA: A Lookback at OARA 2024
Markham, Ontario — This year’s Ontario Automotive Recyclers Association’s (OARA) 2024 conference event took place in Markham, Ontario from March 21st to the 23rd and showed how, when it comes to automotive recycling, community collaboration is at the heart of the industry. The event included everything from networking opportunities to cutting-edge insights on technology and […]
Powerful Partners: Intact to welcome first Rely shop on First Nations Territory
Fort William First Nation — Big things are happening south of Thunder Bay, as multi-generational shop owner and former Collision Repair cover star Roy Pelletier revealed that his facility will soon become the fifth Intact Rely Service Centre in Ontario—and the very first on First Nations territory. While preparations for the rebrand and eventual relaunch […]
Balancing the Books: Intact sees decrease total loss severity, Q3 2021
Toronto, Ontario — Intact Financial Corp. reported its Q3 2021 financials last week, where the auto insurer said it maintains a mid-80s combined ratio on its Canadian personal auto business, with a slight decrease in the severity of total losses. Intact said, for the third quarter of 2021, the severity of claims on auto physical […]
Vive le Verdict: Quebec estimator sees ‘total victory’ following insurer complaint
Trois-Rivières, Quebec — Trois-Rivières, Quebec-based estimator Stéphane Lachance can breathe a sigh of relief after a lengthy deliberation process regarding a complaint Intact Insurance filed against him last year. On September 14, the Mouvement Carrosiers Quebec (MCQ) announced a “total victory” for Lachance, who had recently seen his Certificate of Qualification revoked by the Groupements […]
Remaining Intact: Insurer releases report on current state of pandemic driving habits
Toronto, Ontario — A new report from Intact Financial Corp. shows that driving levels among Canadians are on their way back up to pre-pandemic rates, but we still aren’t quite there yet. “Driving activity has been on the rise since early May,” said Isabelle Girard, senior vice president of personal lines at Intact. “We are […]
Skim Scam: Auto insurance scam linked to Mississauga, Ont.-based insurance brokerage
Toronto, Ontario — If times weren’t tough enough for the average Canadian and their bank account, recent reports from the CBC are showing that some shady characters in the auto insurance industry are making things even tougher for customers in the Toronto area. Yasmine Sharaf is one such customer. Over the past year, the Torontonian […]
Staying Intact: Intact Insurance approved for joint acquisition of RSA
Toronto, Ontario – Intact Insurance has gained approval to move forward with its acquisition of UK-based insurer RSA, according to a report from Wednesday. In November, Intact announced the completion of a $3.2 billion capital raise ahead of the transaction with RSA and a majority of RSA shareholders voted to approve the acquisition. RSA’s acquisition […]
