Sticking up for B-Town: Brampton city council fights ‘postal code discrimination’ in auto insurance
Brampton, Ontario — Ontario’s Flower City is standing up for it’s rep and fighting back against what of a term that many Bramptonians are far too familiar with—postal code discrimination. According to a January report from Rates.com, Brampton tops the province in auto insurance rates at an average of $2,698 per year. Now, Brampton city […]
Try, Try, Trial Again: ICBC no-fault platform shut down in court by B.C. lawyers
Victoria, British Columbia — Consistently in the crosshairs of critical British Columbians, the Insurance Corporation of British Columbia (ICBC) is in hot water again over its newly introduced no-fault insurance platform that has B.C. trial lawyers calling the model unconstitutional. The B.C. Trial Lawyers Association successfully argued in court that ICBC’s platform, wherein claims are […]
Picking up the Pace: CAA pay-as-you-go insurance customers tripled in pandemic
Thornhill, Ontario – As the pandemic has seen fewer cars on the road and, in turn, fewer collision claims for insurers to settle, pay-as-you-go pricing models have taken a new position in the forefront of auto insurance as CAA reports that it’s MyPace policy has skyrocketed in popularity. CAA announced on Thursday that according to […]
Splitting the Cheque: Riskier drivers set to receive most in ICBC rebate program
Victoria, British Columbia – In a further development to the drama surrounding ICBC’s pandemic savings and it’s promise for rebates, Liberal critics to the NDP government are worried that those most deserving of the savings may miss out on a bulk of the money, according to the rebate model unveiled earlier this month. In a […]
Setting a New Score: Co-operators approved to offer credit score-based rating
Toronto, Ontario – Nova Scotians with good credit are in for a treat if they drive under Co-operators General Insurance, now that the company has announced that credit scores can now be used as a rating factor for auto insurance, following the regulator’s approval. “The company proposed a new rating variable, Insurance Score, based on […]
Cheque please, no tip: ICBC says $190 rebate cheques coming in March
Victoria, British Columbia – Meeting its promise to return a portion of the $600 million in savings accrued during the pandemic, the Insurance Corporation of British Columbia (ICBC) has announced that drivers in the province will have rebate cheques in their pockets come March. All customers who had a policy with ICBC from April to […]
AV? We’ll see…: CCIR report shows AVs on the horizon, insurance industry without a plan
Toronto, Ontario – As the automotive industry continues its journey toward fully-autonomous driving, a recent report from the Canadian Council of Insurance Regulators (CCIR) shed some light on the somewhat murky state of the insurance industry’s preparedness for this evolution. Drawing responses from industry stakeholders across Canada, CCIR’s report, entitled “Connected and Automated Vehicles and […]
Automation Transformation: Solera report shows 72 percent of consumers want automated claims service
Westlake, Texas – In another show of the pandemic’s effect on consumer habits, a recent report from Solera indicates that nearly three-quarters of consumers want a fully-automated repair and claims experience. In a survey conducted by the automotive software developer, it was found that 72 percent of respondents said that they felt confident in their […]
Industry Partners: Tractable and Mitchell offer a solution for Al vehicle repair estimating
New York City, New York — Today, Tractable and Mitchell announce a new partnership allowing North American insurers to produce collision repair estimates automatically from photos. “By bringing our AI expertise together with Mitchell’s comprehensive North American data, we can bring AI automation to more of the North American market that we could reach independently. […]
Vroom Vroom: CARFAX Canada launches new app—Car Care
London, Ontario — CARFAX Canada is introducing Car Care, a free service that tracks customer maintenance schedules. CARFAX Canada Car Care helps vehicle owners stay on top of complicated car maintenance schedules and takes the hassle out of keeping track of service records. All it takes to sign up is an email address and the […]
