Keyword
repair
How reconstruction companies are improving repair timelines
January 22, 2024 Alyssa Di SabatinoA shortage of tradespeople isn’t making it easy for the restoration industry to recover from extended repair cycle times during the pandemic. While cycle times are starting to improve, frequent NatCats and a lack of qualified talent are stretching capacity…
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…
Brokers: Do your clients have the right amount of vehicle loss-of-use coverage?
August 30, 2022 by Jason ContantAlthough supply chain issues show some signs of easing, these challenges are still causing lengthy repair times for vehicles that extend well past standard loss-of-use coverage. In other words, clients may need to pay out of pocket for months’ worth…
The factors driving increased car rental times in Canada
July 25, 2022 by Jason ContantLength of rental (LOR) for collision replacement-related rentals in Canada jumped nearly six days year-over-year, driven in part by ever-changing parts availabilities and repair backlogs, said car rental agency Enterprise Rent-A-Car. The overall Canadian LOR was 16 days in 2022…
Manitoba Public Insurance opens new centre for automotive research and training
October 17, 2017 by Canadian UnderwriterManitoba Public Insurance (MPI) has opened a new, state-of-the-art centre for automotive research and training to keep pace with “rapid changes in the design, construction, technology and reparability of motor vehicles,” provincial Minister of Crown Services Cliff Cullen announced on…
Chubb enhances Master Equipment Breakdown insurance policy for Canadian customers
February 7, 2017 by Canadian UnderwriterChubb announced on Tuesday that is has enhanced its Masterpiece Equipment Breakdown insurance policy to “better protect customers against problems associated with the sudden or accidental breakdown of residential equipment.” Available to customers with an existing Canadian Masterpiece Homeowners, Condominium…
New Zealand insurers settle NZ$19 billion Canterbury claims
November 2, 2016 by Canadian UnderwriterPrivate insurers in New Zealand have paid out almost NZ$19 billion to settle commercial and residential claims since the Canterbury earthquakes in 2010 and 2011, the Insurance Council of New Zealand (ICNZ) announced Tuesday. Of that total, almost NZ$9 billion…
Intact Service Centre opens in Ottawa, two more planned for Toronto and Montreal
July 11, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) announced on Monday that the second Intact Service Centre has opened in Canada, this time in Ottawa. The first service centre opened in Calgary this February. With the launch of the new Intact Service Centre, Intact…
Judge: Substantial progress in Volkswagen emissions talks
May 25, 2016 Sudhin Thanawala - THE ASSOCIATED PRESSSAN FRANCISCO – Volkswagen and attorneys for vehicle owners affected by the company’s emissions cheating scandal are on target to meet a June deadline for a final settlement proposal, a federal judge said Tuesday. Senior U.S. District Court Judge Charles…