Blizzards Mean Busy: MPI reports receiving 500 collision claims following extreme winter weather
Winnipeg, Manitoba – Manitoba Public Insurance (MPI) has reportedly received more than 500 collision claims following blizzard conditions last Friday. Due to extreme weather conditions, last Friday, drivers in the province were warned by weather reports and news sources to stay off the roads. However, in a statement made by MPI, on Monday, the Crown […]
Disaster Data: Canadian insured losses from catastrophic weather events total record-breaking $8.5 billion in 2024, says CatIQ report
Toronto, Ontario – According to a recent report from Catastrophe Indices and Quantification Inc. (CatIQ), in 2024, insured losses from catastrophic weather events in Canada totalled a record-breaking $8.5 billion. As noted in the report, in addition to the unprecedented losses recorded, the number of total catastrophe claims filed exceeded 273,000—a significant increase from the […]
Revised Restrictions: Alberta introduces new insurance licence for dealership programs
Edmonton, Alberta — On December 19, 2024, the Office of the Alberta Superintendent of Insurance published a revised version of the Superintendent’s Revised Bulletin (tbf-superintendent-of-insurance-2024-05-bulletin) which outlines how certain products sold by auto dealership and equipment dealers must be underwritten by licensed insurers and sold under a Restricted Certificate of Authority. Specifically, as noted in […]
Driving Disputes: MPI counters study claiming Manitoba recorded 85 percent more driving injuries than national average
Winnipeg, Manitoba – Manitoba Public Insurance (MPI) has reportedly countered the findings of a study shared by Preszler Injury Lawyers that originally stated that Manitoba recorded 85.4 percent more driving injuries than the national average. Using data from Transport Canada’s National Collision Databases, the study originally attributed the record number of injuries in the province […]
Fraudulent Findings: MPI reports top five instances of attempted auto fraud in 2024
Winnipeg, Manitoba — Manitoba Public Insurance (MPI) has once again released its top five instances of automotive fraud in 2024, highlighting driver’s creative and often outrageous attempts at gaming the system. In the recently released report, the public insurance provider indicates that the Special Investigations Unit (SIU) saved Manitoba ratepayers $15 million in attempted auto […]
Getting it Straight: ARA releases updated statement of notice sent to ICBC
Victoria, British Columbia — In an industry update, the Automotive Retailers Association (ARA) has announced that it recently spoke with the Insurance Corporation of British Columbia (ICBC) senior management to clarify the organization’s policy and procedure regarding retroactive clawbacks. Specifically, according to ARA’s notice, the organization questioned the ICBC on labour clawbacks in the instance of […]
A Digital Dosage: Customer satisfaction with digital claims process increases by 17 points from 2023, says J.D. Power Report
Toronto, Ontario — According to J.D. Power’s 2024 U.S. Claims Digital Study released on Tuesday, insurers’ investments in the digital claims process has resulted in significantly higher customer satisfaction scores. Specifically, as noted by the study, overall satisfaction with the digital insurance claims process scored 871 points on a scale of zero to 1,000. This […]
Insurance Increases: Ontario continues with consultation process on ability to sell automobile insurance products at dealerships
Ottawa, Ontario — On November 22, the Ontario Ministry of Finance announced that it is proceeding with the plan—first announced in Ontario’s 2024 Budget—to give the Financial Services Regulatory Authority (FSRA) the power to initiate a pilot project permitting the sale of automobile insurance products by auto dealers, manufacturers and finance companies at motor vehicle […]
Rocketing Rates: New Brunswick auto insurance providers seeking to raise premiums by 10 percent or more, says new report
Fredericton, New Brunswick – Several major automobile insurance companies are currently seeking approval to raise premiums in New Brunswick by 10 percent or more, says a new report from CBC News. According to the report, the reason for this desired increase is related to rising vehicle repair costs, auto thefts and falling profits within the […]
Care-First Consideration: Alberta announces details for upcoming auto insurance reforms; outlines switch to no-fault system in 2027
Edmonton, Alberta — Alberta’s government has announced its plan for an updated insurance system, saying it will raise its auto insurance rate cap for good drivers to a combined 7.5 percent starting in January 2025, with a switch to a no-fault system set for 2027. Specifically, starting in 2027, the province plans to introduce a […]
