Eby’s Efforts: ICBC changes facing opposition
Victoria, British Columbia — As the British Columbian government pushes on with changes designed to rein in injury costs against ICBC, the B.C. Supreme Court ruled that attorney general David Eby acted outside his authority when he imposed restrictions on the number of medical expert reports that can be used in auto insurance court claims. […]
Irregular Insurance: New auto insurance policy for borrowed vehicles
Quebec, Quebec — Quebec’s financial regulator and an auto insurance group recently announced the launch of a new auto insurance policy, specifically designed for drivers who do not own a vehicle. Autorite des matches financiers (AMF), Quebec’s financial regulator, and Groupement des assureurs automobiles (GAA), an insurance group, announced the launch of Quebec Auto Insurance […]
Ontario in the Pink: Province moves to electronic proof-of-insurance cards
Toronto, Ontario — September 10th, 2019 — Ontario drivers will no longer have to rifle through their glove box to find their proof of insurance; the province is phasing in electronic proof of auto insurance, accessible through mobile devices such as a smartphone. The decision was announced at a press conference last Thursday by […]
Tuesday Ticker: September 3, 2019
Toronto, Ontario — September 2, 2019 — In this week’s Tuesday Ticker: a strong economy keeps interest rates stable despite dealership dreams, Safelite absorbs a major rival and BASF makes some quick cash with a major sell-off. Loonie Lunacy While fears of a self-inflicted recession striking the world’s largest economies–the U.S. and China–continue to […]
Driven Brands on the Auction Block?
Toronto, Ontario — August 16, 2019 — On Tuesday, Bloomberg cited unidentified sources to report that Roark Capital may be considering selling Driven Brands for $2 billion next quarter. At the time of purchase on April 2015, the Driven Brands franchise portfolio included a combined 1,500 shops distributed among several brands such as Maaco, Aero-Colours, […]
Editor’s Log: ICBC — Red and Dead
Toronto, Ontario–August 16, 2019–According to a study from a government-run organization, British Columbians pay more for auto insurance premiums than residents of any other province. In B.C., the average driver pays more than $1,800 for auto insurance each year–more than $300 more than Ontarians, which has the second-highest provincial premiums. It is also more than […]
Canadian repairers safe from State Farm cyberattack
Elizabeth Sargeant Toronto, Ontario — August 13, 2019 — Collision Repair has confirmed that, according to State Farm, no data shared with the company by Canadian repair firms is believed to have been compromised during a recent data breach. On August 7, America’s largest auto insurance company said its systems suffered a data breach, possibly […]
A sneak peek into our newest issue of CRM!
Toronto, Ontario — August 8, 2019 — Our latest issue of Collision Repair is ready to be printed, read, and enjoyed by our loyal readers. The staff of Collision Repair has been working away at their latest issue of CRM and are excited to announce it’s going to press very soon. From stories of young students […]
Tuesday Ticker: August 6, 2019
Toronto, Ontario — August 6, 2019 Well Aged and Better Waged: Average U.S. repairer now over 40, earning $72k CDN According to I-CAR’s Snapshot on the Collision Repair Industry, which was updated this week, U.S. auto repair workers are older and better paid than ever. According to the report, the average age of U.S. collision employees is above 40 […]
Dent Fix Equipment EZ Nitro Plastic Repair Station
Toronto, Ontario — August 1, 2019 – Filled with a variety of necessary and well-engineered tools, the Dent Fix Equipment’s DF-EZN1G/DXEEZ Nitro Plastic Repair Station is designed to meet the needs of top-notch repair facilities everywhere. The Nitrogen Plastic Welder with a Dual Chamber Nitrogen Generator included in the kit the converts shop air into nitrogen, […]
