The Smoke Clears: IBC reports $78 million in damage after Lytton, B.C. wildfire
Vancouver, British Columbia — The Insurance Bureau of Canada has reported that the June 30 wildfires in Lytton, British Columbia are estimated to have caused $78 in insured damage. In addition, last Wednesday’s press release from IBC said that a majority of the roughly 300 claims issued are related to residential property damage. “This wildfire […]
Selfish Savings: Disparity in New Brunswick auto insurance rates, savings ‘obscene’
Fredericton, New Brunswick — Something isn’t adding up quite right in New Brunswick as new statistics show that auto insurers in the province saved big during the pandemic, but continued to gouge customers on premium rates. According to the General Insurance Statistical Agency (GISA), insurers charged New Brunswick drivers $197.6 million more in premiums than […]
Who’s in Charge Here?: B.C. cyclist’s demand for audience with Queen struck down in appeals court
Victoria, British Columbia — The cold, fickle visage of monarchy wags its aged finger upon our lands once more, as a Nanaimo cyclist’s insurance claim was recently struck down in the provincial court of appeals for being “abusive” in nature. Tyler Adam Chamberlin alleges that he was the victim of a hit-and-run on July 19, […]
Remaining Intact: Insurer releases report on current state of pandemic driving habits
Toronto, Ontario — A new report from Intact Financial Corp. shows that driving levels among Canadians are on their way back up to pre-pandemic rates, but we still aren’t quite there yet. “Driving activity has been on the rise since early May,” said Isabelle Girard, senior vice president of personal lines at Intact. “We are […]
Funnel Cloud Fees: Barrie tornado losses may eclipse those of 2014 Angus tornado, expert says
Barrie, Ontario — Although it is still much too early to make a true estimate of the damages caused by the Barrie tornado, one expert predicts the losses from the July 15 event could significantly exceed those from the 2014 Angus twister. Glenn McGillivray, the managing director of the Institute for Catastrophic Loss Reduction told […]
Artificial Enhancement: ICBC enhanced care model forces injured driver back to work
Victoria, British Columbia — What’s a five-word sentence that doesn’t rhyme with ICBC? I am in dire need. A tragic statement that would fit the bill for a lot of people forced to deal with British Columbia’s public insurer. Rob Behan and Charmaine McKean are two people that that statement could now also apply to. […]
Fraud Stoppers: Terri O’Brien appointed as CEO of anti insurance fraud organization
Toronto, Ontario — Terri O’Brien has been appointed as the CEO for Équité Association, the Canadian insurance industry’s first corporation dedicated to eliminating insurance crime. O’Brien brings over 25 years of experience of financial services to her new role. Prior to Équité, O’Brien was Chief Risk Officer (CRO) at Pace Credit Union, CRO at Interac […]
A Different Type of Twisted: Collision repair shops deal with aftermath of Barrie, Ont. tornado
Barrie, Ontario — Last Thursday a tornado swept through Barrie, destroying homes, vehicles and virtually anything standing in its five kilometre long and up to 100 metres wide path. Since then, collision repair shops such as CSN Zenetec and Fix Auto Barrie North have been dealing with the aftermath. “The claims started coming in the day […]
Done Deal: MPI signs new deal with auto repair shops
Winnipeg, Manitoba — Manitoba Public Insurance (MPI) recently announced it has signed a new deal with the Automotive Trades Association of Manitoba (ATA) and the Manitoba Motor Dealers Association (MMDA). All parties have given the thumbs up to a new Light Vehicle Accreditation Agreement (LVAA) model, which is focused on meaningful consultation between the repair […]
CAMP comes to Calgary: IBC deploys Virtual Community Assistance Mobile Pavilion to assist residents of Southern Alberta
Calgary, Alberta — Following the hailstorm in Calgary and the surrounding area, the Insurance Bureau of Canada (IBC) has deployed its Virtual Community Assistance Mobile Pavilion (CAMP) to assist affected residents. IBC deploys CAMP to disaster sites that have significant insured damage. Canadians who are suddenly forced to cope with a damaging event – such […]
