Wait! We Can Explain: High cost of repairs draws attention from the New York Times
Toronto, Ontario — Like the troubled sibling who feels they receive all criticism and no praise, the collision repair industry rarely enters news headlines for its positive characteristics, and again finds itself in the crosshairs of a prolific news outlet for the high cost of repairs. The New York Times published a story on Monday […]
Time is Money: Rhode Island bill requires insurers pay for OEM procedures, expedite appraisals
Providence, Rhode Island — America’s tiniest state just made a big move in collision repair as Rhode Island’s general assembly passed into legislation a ruling that would require insurers to cover the cost of OEM repair procedures. These amendments to the Unfair Claims Practices Act, signed off by Gov. Daniel McKee last week, introduce a […]
Victim Tax: Driver on the hook for nearly $9,000 repair after hit-and-runner hits her uninsured parked car
Toronto, Ontario — What was intended as a frugal decision after an unfortunate accident has left a Scarborough mother with a nearly $9,000 repair bill after her parked car was damaged in a hit-and-run. After a former boyfriend wrecked her 2021 Hyundai Sonata and left her with the $1,000 insurance premium increase that resulted, Shanise […]
Gone too Soon: High repair cost driving many Teslas to salvage prematurely, Reuters says
Toronto, Ontario — Tesla has been talking big about its in-house insurance platform recently, and how it is providing insights on potential design improvements, but some recent reporting from Reuters has found that far too many of the electric automaker’s vehicles are turning up as salvage prematurely. In a compilation of 120 Model Y vehicles […]
Cyclical Savings: Tesla insurance lowering repair costs for customers, top execs say on earnings call
Toronto, Ontario — Tesla’s proprietary insurance platform has made its way into several U.S. states since its 2019 California launch, and now, top executives in a recent company Q4 earnings call claim that their model is actively lowering repair costs for customers. First reported by Drive Tesla Canada, Tesla CFO Zach Kirkhorn and CEO Elon […]
Crystal Ball: No break in insurance, repair cost inflation coming in 2023, Ratehub.ca predicts
Toronto, Ontario — The insurance experts at Ratehub.ca published their predictions for 2023 in late December, with results showing little reprieve on the way for an already strained insurer-repairer ecosystem, as inflated repair costs have trickled downward to increased premiums for customers. Statistics Canada’s October Consumer Price Index report for passenger vehicle insurance premiums shows […]
Fancy Fees: Federal luxury tax on $100,000+ cars, coming this fall
Ottawa, Ontario – Details on an incoming luxury tax by the Government of Canada were released July 15. The new rules will affect manufacturers, wholesalers, retailers and importers. As of Sept. 1, the Select Luxury Items Tax Act proposed in Budget 2021 will come into effect, targeting certain vehicles and aircraft above $100,000 and some […]
Rate of Change: Mass. collision repairers to run motorcade Wednesday, protesting U.S.’s lowest labour rates
Boston, Massachusetts — In a long overdue response to being known as the state with the lowest labour rate in the U.S., the collision repairers of Massachusetts will be putting their words into action this week with an organized motorcade and demonstration planned for outside the state house in Boston on Wednesday. In conjunction with […]
The Price of Pedaling: ICBC will no longer charge injured cyclists for repairs
Vancouver, British Columbia — Following a wave of public condemnation after a Vancouver-area cyclist was struck by a vehicle running a red light and asked to pay for its repairs, ICBC has announced major changes to the way claims for passive road users are managed. The Insurance Corporation of British Columbia will no longer require […]
Mach-E Mockery: Improper tow leaves Mach-E driver owing $28,000 in battery repairs
Toronto, Ontario — Hookups can be risky and they often come with a cost far greater than wasted time—we’re talking about towing here, to be clear. An improper hookup can do some pretty significant damage to an EV and, such as in the case of one Mustang Mach-E driver, cost you thousands. A Canadian driver […]
