Industry
A recent Aviva Canada auto repair fraud investigation raises the question of whether body shops should be allowed pay referral fees to tow truck operators. CSN, which has more than 335 collision repair centres in Canada, does not give referral fees to tow truck drivers, CSN chief operating officer Flavio Battilana told Canadian Underwriter Tuesday. […]
By Greg Meckbach | March 15, 2018
2 min read
AURORA, Ont. – Auto parts manufacturer Magna International says it has struck a multi-year collaboration with rideshare company Lyft to jointly fund, develop and manufacture self-driving systems at scale Aurora, Ont.-based Magna says the co-developed self-driving systems could be used on Lyft’s rideshare network as well as across the automotive industry. The partners say Lyft […]
By The Canadian Press | March 15, 2018
1 min read
In the wake of an undercover investigation that allegedly caught collision repair centres deliberately damaging vehicles, Aviva Canada is pushing for discounts for vehicle owners who agree to use an insurer’s accredited body shop. Such a discount would require a regulatory change. Currently, an Ontario auto insurer “cannot give a discount in exchange for pre-agreement […]
By Canadian Underwriter | March 13, 2018
B.C.’s Supreme Court has allowed a bad faith claim to proceed against the Insurance Corporation of B.C. in the case of a Ferrari repair that cost the government insurer almost $800,000 — about $100,000 more than what the car was worth. Navraj Heran drove his 1990 Ferrari F40 into a utility pole in 2011. The […]
By David Gambrill | March 12, 2018
XL Catlin has appointed Urs Uhlmann as CEO, country manager for Canada. In his new role, Uhlmann will lead XL Catlin’s regional business strategy and overall insurance operations in Canada. Uhlmann joins XL Catlin after serving five years as CEO Global Corporate for Zurich Canada. He has also served as senior vice president of Global […]
Location and farming expertise played into HUB International Limited’s acquisition of a Manitoba brokerage recently. The global insurance brokerage announced Wednesday it has acquired the shares of Desilets Insurance Brokers Ltd. Desilets Insurance will become part of Hub Manitoba. “This acquisition is right in between two of our largest locations with brokerages – it is […]
By Jason Contant | March 12, 2018
Northbridge Financial, a Fairfax company, anticipates substantial savings by doing away with paper cheques for claims payments, the company told Canadian Underwriter Friday. Northbridge currently makes claims payments to its customers and suppliers using paper cheques that are mailed or couriered across Canada and the United States. Customers will still have the option to receive […]
Ontario’s ill-fated effort to force auto insurance rates down 15% is having some lingering effects on one insurer. “I think we were one of the few [Ontario auto insurers] that met the government’s mandated 15% rate reduction and that has had consequences as claims inflation has come up,” said Rowan Saunders, CEO of Waterloo, Ont.-based […]
By Greg Meckbach | March 9, 2018
Allstate Insurance Company of Canada has launched a water protection package that “differentiates itself from others on the market” by offering service line coverage as well as sewer backup, overland water and sewer backup mitigation coverage. On Thursday, Allstate Canada released Allstate Water Protection, which offers two new endorsements: Limited Sewer Backup and Enhanced Water […]
By Jason Contant | March 9, 2018
If Economical Insurance demutualizes and becomes traded on the stock market, it will be looking for other insurers to acquire, CEO Rowan Saunders told Canadian Underwriter Wednesday. “Part of the rationale” of going through demutualization is to raise money from capital markets to “participate in acquisitions,” Saunders said in an interview. He did not name potential […]
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