Direct Direct Challenge
October 1, 2002 Craig HarrisFor direct response insurers, the issue in today’s “hard market” of escalating personal insurance premium hikes is not getting the phone to ring. It is more about how to handle the influx of calls from price shoppers, and at the same time achieve profitability, companies say.
CIAG concerned with OEM provisions in draft Ontario bill
September 27, 2002 by Canadian UnderwriterA group representing collision repair shops is concerned by provisions of the draft proposals set out by Ontario’s Auto Insurance Review Committee. Those provisions relate to insurers’ ability to use non-OEM (original equipment manufacturer) parts when repairing vehicles.The proposal reads,…
Industry and government groups support ban on rebuilt airbags
August 29, 2002 by Canadian UnderwriterThe Collision Industry Action Group (CIAG) is applauding a decision by one government body to recommend a ban on rebuilt air bags. Following spring meetings with industry groups, the federal/provincial Canadian Council of Motor Transport Administrators (CCMTA) announced it would…
Busy period for asbestos liability, as three companies make key disclosures
August 13, 2002 by Canadian UnderwriterShares of Ashland Inc. were hit August 8, amid concerns about the company’s liability to asbestos claims. Ashland’s stock fell as much as 19.6 per cent earlier, hitting a new 52-week low of $29. The sell-off stems from disclosures contained…
ICBC reports almost $40 million profit in Q-2 2002
August 12, 2002 by Canadian UnderwriterBritish Columbia’s public insurer is reporting increased profits for the quarter ending June 30, 2002, largely the result of changes to its investment portfolio. The Insurance Corporation of B.C. (ICBC) saw a net profit of $39.6 million for the second…
Ontario auto collision standards set to go
August 1, 2002 by Canadian UnderwriterA bill introduced in Ontario’s legislature to create a standard for the collision repair industry is receiving support from the association representing the province’s car dealers. In a press release, the Ontario Automobile Dealers Association (OADA), says the Collision Repair…
The Good and Bad of Attitude
August 1, 2002 AxiomAs I walked towards my desk in the marketing department, the manager of our company’s downtown branch, Fred Wilson, emerged from his office with a huge bundle of files under his arm and a deep frown on his face. Seeing…
A Total Loss
August 1, 2002 Paul Timoteo, president of 43r.caWhen it comes to total loss auto claims, many insurers pay the actual purchase price for replacement which could result in some serious money being “left on the table”. What do insurers do when they have a total loss claim?…
Collision repair standards get dealer support
July 8, 2002 by Canadian UnderwriterA bill introduced in Ontario’s legislature to create standard for the collision repair industry is receiving support from the association representing the province’s car dealers. In a press release, the Ontario Automobile Dealers Association (OADA), says the Collision Repair Standards…
Rates Keep on Trucking
July 1, 2002 Craig HarrisTrucking companies, taxi operators and large private fleets are feeling the squeeze of the hard market, with shrinking capacity, increasing rates and restrictive terms and conditions. And, feedback from insurers suggests that there is little relief on the horizon.
Aiming for claims control
July 1, 2002 Vikki SpencerAs insurers, auto manufacturers and other claims supply chain representatives met for the annual AIM Forum in Toronto recently, cost control and injury reduction took the front seat. From the aftermarket parts debate to personal injury claims inflation, speakers noted that insurers and auto makers must find ways to protect against fraud and keep drivers safer, while still keeping a lid on expenses.
IBC implores New Brunswick government to take auto action
July 1, 2002 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is urging the New Brunswick provincial government to introduce auto product reform as lack of standard insurance within the province reaches a critical stage. The IBC has provided a new submission to the provincial…