One reason why there’s little relief in sight for auto rates
August 21, 2019 by Adam MalikVehicle technology is designed to reduce crashes – or at least, the severity – but insurance brokers shouldn’t expect to be able to offer their clients any relief when it comes to their premiums. That’s because all the technology going…
Where does insurance fit in the technology puzzle?
June 18, 2019 by Adam MalikThe insurance industry needs to figure out how to leverage technology and ride the waves of change that other industries are seeing. From there, issues like finding talent will become easier, a panel recently told young brokers. Problem is, insurance…
Don’t count on self-driving cars being just around the corner
May 29, 2019 by Greg MeckbachIf you are led to believe most of your clients will get around in self-driving cars within a decade, you might want to think again. “Autonomous vehicles will likely not be on our roads for at least another 25-30 years,…
When cyber breaches can kill
May 15, 2019 by Greg MeckbachYour client’s property and life are getting increasingly exposed to cyber attacks because just about everything today has computing power, an information security expert warns. “It used to be what with computer security, we were worried about computers, desktops and…
Why liability and reputational risk is changing
May 15, 2019 by Greg MeckbachTechnology is making it easier for consumers and businesses to move money, but it can also create new liability risks, fraud experts warned Tuesday. “Financial institutions really have to think about their position on liability,” said Jas Anand, senior manager…
The case for scaling intelligent automation technologies
April 2, 2019 by Jason ContantThere is a direct correlation between scalability of intelligent automation (IA) technologies and financial performance, a new KPMG International study has found. Based on a survey of nearly 600 business leaders (including 100 top-level executives) across 13 countries, including Canada,…
What this study says about replacing windshields for vehicles with driver-assist safety features
March 15, 2019 by David GambrillCamera calibration – which is required after replacing windshields on cars that offer advanced driving assistance systems (ADAS) – is just as efficient using aftermarket replacement windshields as it is with original equipment manufacturer (OEM) windshields, according to a new…
How this province is handling autonomous vehicle testing
February 21, 2019 by Greg MeckbachThe Ontario government wants to expand testing of autonomous vehicles in the province. “Our government is taking active steps to open the door for expanded testing related to connected and autonomous vehicles in Ontario,” Michael Parsa, parliamentary assistant to the…
Safety recall affects 1.7 million vehicles in North America
January 10, 2019 Tom Krisher - THE ASSOCIATED PRESSDETROIT – Toyota is recalling 1.7 million vehicles in North America to replace potentially deadly Takata front passenger air bag inflators. The move announced Wednesday includes 1.3 million vehicles in the U.S. and is part of the largest series of…
What you need to know about gap insurance
November 28, 2018 Matt Jones - THE ASSOCIATED PRESSAbout 85 per cent of new car buyers will use some sort of financing to pay for their vehicle, according to credit reporting company Experian. If you’re such a buyer, you can expect that during your purchase a car dealership…
Company calls for tow truck operator training standards
November 14, 2018 by Greg MeckbachTow truck drivers should not be allowed to hook up and haul vehicles damaged in collisions without some sort of certification above and beyond a driver’s licence, says CAA South Central Ontario. “If you have a Class G driver’s licence,…
Carproof vehicle data provider gets new name in Canada
November 1, 2018 by Greg MeckbachData provider Carproof Corp. is now known as Carfax Canada, parent firm IHS Markit Ltd. announced Thursday. Carfax – whose target market includes the auto insurance industry – collects data on vehicles so prospective buyers can find out whether they have…