Topic Personal Auto
Canadian auto sales fall 11.4% in August due to shortages caused by chip issues
September 7, 2021 by The Canadian PressTORONTO – Canadian auto sales continued to struggle last month, falling 11.4 per cent from the prior year, driven by vehicle shortages caused by semiconductor supply issues. According to estimates compiled by DesRosiers Automotive Consultants, Canadian light vehicle sales totalled…
When your commercial auto client smells a rat
September 2, 2021 by Greg MeckbachTall grass and vegetation are not good choices for areas to park or store construction equipment, trucks, recreational vehicles, campers, trailers or trucks. This is because rodents tend to like tall grass, Northbridge Insurance warns. “If buildings, vehicles, and equipment…
Shhh! Don’t show this article to a jury in a vehicle accident lawsuit
August 31, 2021 by Greg MeckbachAn Ontario court has refused a plaintiff’s request to tell a jury about the statutory deductible, of nearly $40,000 for pain and suffering, in motor vehicle accident tort claims. “The jury is not asked to determine how much the plaintiff…
How much Canadian insurers have lost on cyber liability so far in 2021
August 31, 2021 by Greg MeckbachPrivate passenger personal accident insurers have experienced a loss ratio of nearly 70% so far in 2021, while the loss ratio for cyber liability is more than 100%. The federal Office of the Superintendent of Financial Institutions has posted the…
Newfoundland and Labrador drivers urged to call a moose hotline to reduce collisions
August 30, 2021 by Sarah Smellie - THE CANADIAN PRESSST. JOHN’S, N.L. – Linda Bishop says there’s a reason why every one of her group’s moose alerts that lands periodically in a handful of inboxes belonging to Newfoundland and Labrador journalists ends ominously with, “Urgent: Yes.” “It’s urgent because…
Mixed result for motor vehicle injury plaintiff’s bid to quash surveillance evidence
August 25, 2021 by Greg MeckbachInsurers defending auto tort claims should think twice before surreptitiously filming plaintiffs on their wedding day. This is among the takeaways from Rumney v. Nelson, released Aug. 19 by the Ontario Superior Court of Justice. A construction firm is being…
GM expands Chevy Bolt electric vehicle recall to cover all model years for fire risk
August 23, 2021 by The Canadian PressGeneral Motors says it has expanded a recall of its Chevy Bolt electric vehicles to include all model years because of a risk the battery cells could catch fire. The latest recall adds about 73,000 Bolts from the 2019 through…
How well do your clients understand their auto insurance?
August 19, 2021 by Jason ContantIf your clients are taking a test on auto insurance, it’s likely they would barely pass, the results of a recent Ratehub.ca survey reveal. Rate comparison site Ratehub.ca reported last week the results of a poll of more than 1,300…
Classic car coverage provider Hagerty could become publicly-traded
August 18, 2021 by Greg MeckbachHagerty Group LLC announced Wednesday it has agreed to merge with a special purpose acquisition company, a deal that is expected to result in the classic car insurance provider becoming publicly-traded on a stock exchange. Hagerty Canada LLC, a licensed…
How much the Barrie tornado cost insurers
August 18, 2021 by Jason ContantSix tornadoes that hit Barrie and other communities in Ontario last month caused $75 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The EF-2 strength tornadoes impacted the communities of Barrie, Innisfil, Kawartha…
Why future care damages exceed $1.2 million in this auto tort case
August 18, 2021 by Greg MeckbachA British Columbia judge has awarded $1.26 million, in future care costs, to a plaintiff who was hit by a car in 2015. In Pevach v. McGuigan Estate, released Aug. 3, Justice Gordon Funt of the Supreme Court of British Columbia…
What to tell your clients when their insurer goes bust
August 13, 2021 by Canadian Underwriter StaffWhat would happen if a property and casualty insurer were to go bust? Last week, thousands of Florida home owners were left scrambling for coverage when — during peak hurricane season — Sarasota-based Gulfstream Property & Casualty announced its liquidation…