Keyword
Auto
Why ‘claims holiday’ is coming to an end for auto insurers
December 1, 2022 by Jason ContantThe ‘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…
Auto parts producers see supply chains improving but shutdowns still weigh
November 8, 2022 Ian Bickis - THE CANADIAN PRESSCanadian 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…
July auto sales in Canada down 16% from last year as shortages persist
August 5, 2022 The Canadian PressTORONTO – 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…
DesRosiers says Canadian auto production last year hit lowest level since 1967
January 27, 2022 The Canadian PressTORONTO – 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…
Lawsuit arising from 1982 vehicle accident dismissed in 2021
December 20, 2021 by Greg MeckbachA 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…
Direct compensation for property damage coming to Alberta
December 13, 2021 Canadian Underwriter StaffAmendments 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,…
Ontario clients can operate these large trucks with no formal course
December 8, 2021 by Greg MeckbachTwo 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…
What FSRA says about the ‘take all comers’ auto insurance rule
November 16, 2021 by Greg MeckbachOntario’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…
Why Intact is paying out less on total auto losses
November 10, 2021 by Greg MeckbachIntact 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…
Court rules Ontario auto insurer’s request for claimant data ‘unnecessarily invasive’
November 8, 2021 by Greg MeckbachAn 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…
Canadian auto production hit especially hard by semiconductor shortage
October 12, 2021 Ian Bickis - THE CANADIAN PRESSTORONTO – 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…
Why this electric scooter rider was convicted of driving with no auto insurance
October 7, 2021 by Greg MeckbachA 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…