Season of the Steal: Auto thefts in Toronto up more than 50 percent compared to start of 2021
Toronto, Ontario — According to newly released data from the Toronto Police Service, auto thefts are up more than 50 percent in the first two months of this year compared to the same period in 2021. Around this time in 2021, 810 auto thefts had been reported in Toronto; this year, the city has already […]
Calm Compensation: Changes to Alberta insurance claims process ‘fairer and more customer-focused,’ says IBC
Edmonton, Alberta — The Direct Compensation for Property Damage (DCPD) system for Alberta’s auto insurance industry came into effect on Jan. 1, moving the province toward a model that incorporates more fault-free policy options. As of the beginning of this year, Albertan drivers are able to claim vehicle damage that they are not responsible for […]
Trucks Top the List: Équité Association unveils top 10 stolen vehicles in Canada, 2021
Toronto, Ontario — If you own a Ford F-Series pickup, Honda CR-V series, or any Chevy truck, you may want to hold the keys a little tighter. According to the Équité Association’s 2021 list of Top 10 stolen vehicles, these are the top three models most desired by Canadian thieves. Équité Association’s complete list of […]
Grand Theft Toronto: Toronto Police called on to rebuild auto theft unit
Toronto, Ontario — City council is calling on the Toronto Police Services Board to form a unit aimed at addressing the rising tide of auto theft that Toronto has been in the midst of for the past several years. On Friday, council voted to put the issue before the police board, specifically requesting it to […]
More than a Drizzle: Summer storms in the prairies total $120M in damage, according to IBC
Edmonton, Alberta — The Insurance Bureau of Canada (IBC) has been tallying up damage costs and has found that the prairies have taken a hit of $120 million in insured damage this summer, following two significant storms. Strong winds, hail and rain on July 22 caused $56 million in insured damage, while severe storms on […]
Holy Hail: Calgary hailstorm caused $247 million in insured damage, according to estimates
Calgary, Alberta — The hail storm that hit Calgary over a month ago caused $247 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). On July 2, Calgary experienced extensive flooding of streets, underpasses, and parking lots. There were also reports of a damaged gas line, downed trees, and sewer […]
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 […]
Allstate Aboard: Ryan Michel appointed Chair of Board for Insurance Bureau of Canada
Toronto, Ontario — The Insurance Bureau of Canada (IBC) recently elected Ryan Michel, president and CEO of Allstate Insurance Company of Canada as the Chair of its Board of Directors. “Through IBC, we will continue to engage governments and stakeholders to turn challenges into opportunities to benefit Canadian consumers. I look forward to continuing this […]
March Madness: Storm in March caused $50-million in insured damage in eastern Canada
Toronto, Ontario — A storm that moved across eastern Canada from March 26 to 29, caused $50 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Damage reports associated with the storm that brought heavy rain and strong winds spanned the region, from basements being flooded in southern Ontario […]
Storm Watch: IBC kicks off Emergency Preparedness Week with Top 10 Tips to protect you and your property from severe weather
Toronto, Ontario — Severe weather is on the rise across Canada, all while the nation grapples with the pandemic. That’s why the Insurance Bureau of Canada is cautioning Canadians to plan ahead and be prepared. “Climate change is already causing more frequent and severe weather events across Canada,” said Craig Stewart, vice president of federal […]
