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News BrokersClaimsInsuranceMarkets / CoveragesTechnology

Why ‘claims holiday’ is coming to an end for auto insurers

December 1, 2022 by Jason Contant

The ‘claims holiday’ auto insurers enjoyed the last couple of years is coming to an end. Auto physical damage losses in some provinces are elevated despite fewer collisions, according to a new report from Navacord brokerage Lloyd Sadd. Insurers’ auto

Car bodies on an assembly line factory
News InsuranceTechnology

Auto parts producers see supply chains improving but shutdowns still weigh

November 8, 2022 Ian Bickis - THE CANADIAN PRESS

Canadian auto parts makers say the supply picture is improving and helping boost their bottom line, but disruptions continue to weigh on operations and profits. Magna International Inc. said Friday the picture has improved significantly from last year as global

New car inventory in parking lot
News Insurance

July auto sales in Canada down 16% from last year as shortages persist

August 5, 2022 The Canadian Press

TORONTO – DesRosiers Automotive Consultants says Canadian auto sales were down 16.2 per cent in July compared with a year earlier because of a shortage of available vehicles. The consultancy estimates 130,480 new light vehicles sold in the month as

Auto production line in manufacturing plant
News Insurance

DesRosiers says Canadian auto production last year hit lowest level since 1967

January 27, 2022 The Canadian Press

TORONTO – DesRosiers Automotive Consultants says Canada produced just over 1.1 million light vehicles last year for the lowest level of production since 1967. The low production numbers, down from 1.4 million in 2020 and close to two million in

News ClaimsClaims CanadaLegal

Lawsuit arising from 1982 vehicle accident dismissed in 2021

December 20, 2021 by Greg Meckbach

A negligence lawsuit against a plaintiff’s lawyer by an Ontario claimant who was injured in a 1982 motor vehicle accident has been thrown out of court. The claimant settled his accident benefits and tort claims in 1999, when he was

News Insurance

Direct compensation for property damage coming to Alberta

December 13, 2021 Canadian Underwriter Staff

Amendments to Alberta’s Standard Auto Policy Form No. 1 will enable direct compensation for property damage (DCPD) for certain kinds of automobile property damage claims, starting January 1, 2022. The amendments were approved by Alberta’s Superintendent of Insurance. Sharon Stefanyk,

News ClaimsClaims CanadaRisk

Ontario clients can operate these large trucks with no formal course

December 8, 2021 by Greg Meckbach

Two years after flagging the issue, Ontario’s auditor general says the transportation ministry has made “little to no progress” in mandating formal training for drivers of all large commercial vehicles. In Ontario, Class A licensed commercial operators need a formal

News ClaimsClaims CanadaInsuranceLegislation / Regulation

What FSRA says about the ‘take all comers’ auto insurance rule

November 16, 2021 by Greg Meckbach

Ontario’s auto insurance regulator is taking aim at insurers who avoid issuing auto policies to people living in certain cities or who did not buy a property polices or are otherwise off-side the “take all comers” rule. The Financial Services

News ClaimsClaims Canada

Why Intact is paying out less on total auto losses

November 10, 2021 by Greg Meckbach

Intact Financial Corp. is maintaining a mid-80s combined ratio on its Canadian personal auto book of business, with a slight decrease in the severity of total losses. At Intact, the severity of claims on auto physical damage was 5% higher

News AdjustersClaimsClaims CanadaInsuranceLegalLegislation / Regulation

Court rules Ontario auto insurer’s request for claimant data ‘unnecessarily invasive’

November 8, 2021 by Greg Meckbach

An Ontario judge has turned down a request by Aviva Insurance Company of Canada to order a claimant to produce banking records showing the location of vendors from which that claimant had made purchases. In November, 2020, an Aviva auto

News Insurance

Canadian auto production hit especially hard by semiconductor shortage

October 12, 2021 Ian Bickis - THE CANADIAN PRESS

TORONTO – To be an autoworker in Canada this year has meant living with a fair bit of uncertainty. “There’s no consistency,” said Mark Sciberras, president of the Unifor local branch at Ford Motor Co.’s Oakville, Ont. operations. “One week

News InsuranceLegal

Why this electric scooter rider was convicted of driving with no auto insurance

October 7, 2021 by Greg Meckbach

A Supreme Court of Canada decision released Thursday means if your client is riding a certain type of scooter in British Columbia, they must be licensed and insured. In 2018, Ali Moussa Ghadban was stopped by a police officer in