Topic Personal Auto
Number of impaired drivers issues alarm bell for insurer
August 29, 2022 by Alyssa DiSabatinoSaskatchewan Government Insurance statistics show a record this year in impaired driving offences. The province’s law enforcement stopped 497 impaired drivers, including 292 drivers who were charged with Criminal Code offences this July, according to SGI’s Traffic Safety Spotlight. “While…
Court sides with insurer in unidentified driver case
August 29, 2022 by David GambrillThe six-month notification period to make a claim under the unidentified driver portion of B.C.’s Insurance (Vehicle) Act won’t be extended, even though it took a year for the victim to become aware she could make such a claim, a…
Six people reported missing believed dead in vehicle crash: Barrie, Ont. police
August 29, 2022 by Jordan Omstead - THE CANADIAN PRESSBARRIE, Ont. – The mayor of Barrie, Ont., called on the city to rally around the families of six people who were reported missing and then found dead in a car crash on Sunday morning. Barrie police said four men…
Insurer found vicariously liable for adjuster selling client information
August 26, 2022 by David GambrillB.C.’s public auto insurer has been held vicariously liable for a privacy breach, in which one of its claims adjusters sold client information to a third party that ultimately led to arson and shooting attacks. “Between April 2011 and January…
Fire-risk recall may give brokers opportunity to contact auto clients
August 25, 2022 by Philip PoradoA recall of two late-model SUV models by Hyundai Motor America and Kia America was amplified by a consumer alert from the U.S. National Highway Traffic Safety Administration (NHTSA) in Washington. The issue involves a tow hitch, sold as a…
How to bust a car theft ring – a look inside project MYRA
August 24, 2022 by Philip PoradoIn late July, charges were announced in a nearly two-year, multi-jurisdictional investigation nicknamed Project MYRA that targeted rings of organized car thieves. The thieves altered vehicle identification numbers (VINs), and then re-registered and sold the cars privately to unsuspecting customers.…
Higher gas, auto sales boosted retail spending in June, Statistics Canada says
August 19, 2022 by The Canadian PressOTTAWA – Canadian retail sales increased 1.1 per cent to $63.1 billion in June, boosted by higher sales at gasoline stations and motor vehicle and parts dealers, Statistics Canada said Friday. However, the agency said its preliminary estimate for July…
Do new cars reduce fatality for women in accidents?
August 19, 2022 by Alyssa DiSabatinoWomen are safer driving newer cars, a new report by the U.S. National Highway Traffic Safety Administration suggests. Female fatality risk compared to male fatality risk is significantly reduced in newer vehicles, starting with model year 2000, the report finds.…
B.C. broker suspended one year for misrepresenting principal driver of her car
August 18, 2022 by David GambrillA B.C. broker’s license has been suspended for one year after a regulatory investigation into her processing her own ICBC Autoplan transactions uncovered that she had misrepresented the principal driver of her personal vehicle on several ICBC policies. “Council found…
Are brokers and agents marketing effectively to women?
August 18, 2022 by Canadian Underwriter StaffMore than 60% of women don’t have an insurance agent, compared with fewer than half (48.1%) of men, according to a new study from Zelros, a Paris-based insurtech with offices in Montreal and New York. The survey includes data from…
Deloitte report: How microeconomic factors will impact claims costs
August 17, 2022 by Philip PoradoYes, overall inflation is high. One trip to the grocery store demonstrates that faster than a macroeconomics refresher lecture. So will a glance at Canada’s June 2022 Consumer Price Index, which jumped 8.1% over the prior year to mark its…
As inflation and supply chain concerns ease, will insurers adjust pricing?
August 16, 2022 by Philip PoradoSupply chain issues driving inflation since early in the COVID-19 pandemic remain a concern, although emerging signs suggest some trends impacting global goods pricing are starting to abate. “We’ve seen some easing of the supply chain challenges,” said Colette Taylor,…