What’s new: In brief (June 14, 2004)
June 14, 2004 by Canadian UnderwriterThe Canadian Independent Adjusters Association (CIAA) has revised its program for the 2004 annual convention to be held in Whistler, BC, September 9-12. Friday now includes an entire day of educational sessions, revolving around the issues of legislative change and…
Auto Rental Replacement: A Tech Boost
June 1, 2004 Tim MacNairIntroduced in Canada in 2000, automated rental car systems changed the way insurers and rental car companies do business. The new technology promised to cut costs and boost customer service and has done so quite successfully. Now, four years later,…
On the Move (June 01, 2004)
June 1, 2004 by Canadian UnderwriterAlong the election of Nancy Chambers of Waterloo Region Municipalities Insurance Pool as president of RIMS, fellow Canadian Joseph Restoule, senior risk consultant for NOVA Chemicals Corp. was named vice president, chief risk officer and secretary of the RIMS executive…
Newfoundland Move Prompts Dominion Withdrawal
June 1, 2004 by Canadian UnderwriterCiting auto insurance reforms recently tabled by the Newfoundland government, The Dominion of Canada is the first insurer to signal it will leave the province. In a statement, CEO George Cooke says, “we are deeply offended by the punitive insurance…
Newfoundland legislation prompts Dominion withdrawal
May 31, 2004 by Canadian UnderwriterCiting auto insurance reforms tabled by the Newfoundland government last week, The Dominion of Canada is the first insurer to signal it will leave the province.In a statement, CEO George Cooke says, “We are deeply offended by the punitive insurance…
ICBC uncovers $23,000 fraud
May 2, 2004 by Canadian UnderwriterA Maple Ridge, B.C. man has pleaded guilty to fraudulently accepting payment of $23,414 from the Insurance Corp. of B.C.In May, 2003, Daniel Wiens claimed the amount following a single-vehicle crash he said occurred on May 16, resulting in a…
Auto Reform: All The King’s Horses…
May 1, 2004 by Canadian UnderwriterThe auto insurance battlefield lies pockmarked by smoldering wreckage with the public’s view of insurers currently at what many regard as being at an all-time low. Skyrocketing rate adjustments introduced by insurers in response to the dramatic upward spiral in…
Piecing Together Parts
May 1, 2004 Craig HarrisThin profit margins have prompted insurers to closely examine claims cost reduction strategies. While bodily injury and healthcare have received the lion’s share of attention in auto insurance, the vehicle damage side of the equation is experiencing challenges of its own. Insurers are trying to find ways to reduce cycle turnaround time, improve supply chain management and save money through aftermarket and recycled parts. The issue for insurers is how to trim costs while ensuring parts quality and vehicle safety.
Cost of public auto in New Brunswick would be $82 million
April 4, 2004 by Canadian UnderwriterWith the release of a committee report on the potential for public auto insurance in New Brunswick, cost of establishing the system has been pegged at $82 million. The report, presented by NDP MLA Elizabeth Weir, the committee’s chair, is…
Newfoundland Introduces New Auto Package, Rate Freeze
April 1, 2004 by Canadian UnderwriterA new package of reforms to Newfoundland’s auto insurance system is being touted as a means to achieve 15% rate reductions. Newfoundland & Labrador Premier Danny Williams, and Government Services Minister Dianne Whalen introduced the new package recently, which is…
Public Auto Plan for N.B. to Cost $80 Million-Plus
April 1, 2004 by Canadian UnderwriterWith the release of a committee report on the potential for public auto insurance in New Brunswick, cost of establishing the system has been pegged at $82 million. The report, presented by NDP MLA Elizabeth Weir, the committee’s chair, is…
CAA comes out against Quebec auto reform
March 23, 2004 by Canadian UnderwriterResponding to a published letter by Quebec’s justice minister, the Canadian Automobile Association (CAA) says the government is being overly-optimistic about the level of public support for auto reform in that province.According to CAA-Quebec, Minister Marc Bellemare’s references to a…