SAPUTO SIGNINGS
Joe Saputo, CARSTAR MSO with now four facilities in the Ontario area, has recently announced the acquisition of CARSTAR Guelph and CARSTAR Oakville East.
Saputo, who was named the 2023 CARSTAR franchisee of the year, has had a longstanding career in the industry. Saputo’s parents, Sam and Rose, were in the first year of owning their own CARSTAR facility when they brought Joe to his first CARSTAR conference as a teenager in 1994. Following this, Saputo worked his way through the industry to owning his first location, CARSTAR Ancaster in Ancaster, Ontario.
“It has been exciting to work with both of the previous owners, Georg and Lorenzo, to understand how they ran their operations and learn more about their teams,” said Saputo. “It’s these exceptional team members that I’ve inherited, from detailers to estimators, that have been the most rewarding. I’m grateful to have received accolades throughout the years, but none of that is truly possible without these hard-working individuals behind the scenes and working so diligently for our customers. I strongly believe we have a tremendous senior and junior workforce at these locations and I’m very proud to now be a part of their teams.”
FLOODING FIXES
The Financial Services Regulatory Authority of Ontario (FSRA) has implemented temporary measures to allow claims adjusters to process insurance claims more quickly, following flash floods that affected the Toronto area at the end of July.
Specifically, the FSRA is temporarily allowing licensed adjusting firms to use claims adjusters licensed outside of Ontario. The FSRA is also allowing Ontario insurers to use the services of employees of affiliated insurers.
Insurers and adjusting firms must also contact the FSRA to confirm the requirements of the temporary measures before proceeding with the changes. These temporary measures will be in effect until October 31, 2024.
The rainfall that affected the Toronto area saw a month’s worth of water hit the city in 24 hours. Current reports list the effects caused by the storm as over one billion in insured damages.
