Canadian auto sales set November record; industry poised for best year ever
December 2, 2015 The Canadian PressTORONTO – Auto manufacturers enjoyed their best November sales ever last month as the industry races toward what may well be a record year for light vehicle sales in Canada. DesRosiers Automotive Consultants says 145,426 cars and light trucks were…
Ford stops using Takata air bag inflators in future vehicles due to shrapnel risk
November 23, 2015 Tom Krisher - THE ASSOCIATED PRESSFord Motor Co. will not be using air bag inflators made by Takata Corp. in future vehicles, another blow to the troubled Japanese parts supplier as the auto industry continues to shun its product. Ford joins Honda, Toyota and Nissan…
Cyberattacks on vehicles to increase sharply in 2016, McAfee Labs predicts
November 18, 2015 by Canadian UnderwriterCyberattacks on automobiles will increase sharply in 2016 due to the rapid increase in connected automobile hardware built without foundational security principles, suggests the McAfee Labs 2016 Threats Predictions report released earlier this week. The report said that even cars…
Fuelling Discontent
November 1, 2015 William Star, President and Chief Executive Officer, Trillium Insurance Group Inc.What is driving the increase in automobile insurance premiums in Ontario? Fraud and legal costs are two ready and relevant answers. The provincial government must move beyond tinkering with the current no-fault system to a definitive change in direction to ensure these costs are controlled.
Takata air bag problem widens to over 400 General Motors cars and SUVs from 2015 model year
October 19, 2015 by Canadian UnderwriterTom Krisher – THE ASSOCIATED PRESS
Surveyed Canadians not yet sold on UBI’s potential benefits: Allstate Canada
October 1, 2015 by Canadian UnderwriterThe potential benefits of usage-based insurance (UBI) – including safer driving behaviour – have long been touted, but survey results released Wednesday by Allstate Insurance Company of Canada show consumers have not necessarily bought into the value of a UBI…
Driving Awareness
October 1, 2015 Traci Boland, First Vice President, Insurance Brokers Association of OntarioRide-sharing is here to stay. Consumers have demonstrated by their use that they are interested in such services, but may not be fully aware of the risks and current gaps in insurance coverage. Broker advice can help fuel a more protective ride as these services shift into the next gear.
What is this Thing?
September 30, 2015 Craig Harris, Freelance WriterThe Internet of Things has the potential to blend connectivity with insurance claims. Think of it as a bridge between the old economy of bricks, mortar and physical objects and the new economy of mobile devices, data networks and analytic engines. It’s estimated that billions of “things” will be linked to the Internet within the next five years through sensors located in cars, homes and businesses. How will this connected world affect loss adjusters, insurance companies and the entire claims management process?
Driver ID
September 30, 2015 byDiscovering the actual sequence of events in an accident can be a surprisingly difficult task.
Anything but Simple
September 1, 2015 Craig Beattie, Senior Analyst, Insurance Practice, CelentThe simple autonomous vehicle may be just around the corner. But insurers need to be prepared – including by identifying new risks associated with changes in driver behaviour – to be able to successfully negotiate the inevitable speed bumps on the road to autonomy.
Made in Canada Trends
May 1, 2015 Greg Horn, Vice President, Industry Relations, Mitchell InternationalVehicle-buying preferences in Canada and the United States differ, with the former favouring compact over the latter’s love of mid-size. Preferences related to model year and vehicle size, however, can have a big impact on claims cost, total loss rate and alternate parts use.
Brokers in Action
April 1, 2015 Greg Meckbach, Associate EditorAs ever, insurance brokers across the country are grappling with a wide variety of issues. Some issues are ongoing while some are emerging; some are regional while others are country-wide. The one constant is the need for brokers to continue to act as trusted advisors and to provide sound advice so that customers know the risks, understand coverage and have access to a wide choice of products.