Industry
CARSTAR Automotive Canada is entering 2013 with the launch of 25 new franchise partners across Canada. The company’s recent NAPA Autopro transition will account for the conversion of 20 new locations throughout Quebec in January, with more locations expected to be added in the early part of the year. “This will greatly improve our coverage […]
By Canadian Underwriter | January 2, 2013
1 min read
A.M. Best Co. has announced that net income for the U.S. property and casualty industry for the first nine months of 2012 was US$31.2 billion, more than double the US$12.3 billion reported for the same period in 2011. In a recent report, Oldwick, N.J.-based A.M. Best stated the storm resulting from Hurricane Sandy in late […]
2 min read
The Insurance Corporation of B.C. (ICBC) has urged drivers to be prepared for challenging winter weather, reminding them just days before Christmas that December is traditionally a months that sees more crashes on British Columbia roads. ICBC reported last month that, on average, 34 people are killed and 7,110 injured in about 4,740 vehicle crashes […]
3 min read
The Office of the Superintendent of Financial Institutions (OSFI) has announced it is proposing a guideline for Own Risk and Solvency Assessments (ORSA) for federally-regulated property and casualty and life insurance firms. OSFI also announced Dec. 21 proposed amendments to its current Guideline A-4, which is its Internal Target Capital Ratio for Insured Companies. If […]
Some insurance companies have adopted auto parts procurement programs with the intent of getting cars back on the road more quickly. Many repair shops say these are simply "wolves in sheep's clothing" that will leach profits and put added pressure on an already hard-hit sector.
By Craig Harris, Freelance Writer | December 31, 2012
6 min read
The formation of new partnerships and the need for a national accreditation system that identifies top body shops, perhaps rewarding them with a better door rate, are among the issues potentially on the Canadian Collision Industry Forum's radar this year.
December 31, 2012
5 min read
Winter weather is here and so is the debate over whether or not a lack of winter tire use is causing collisions. To go beyond generalizations, detailed information is essential to properly understand the effect that winter tire use would have had in a given collision.
By Mark Fabbroni, Forensic Engineer, Giffin Koerth | December 31, 2012
Is self-regulation for the Ontario towing industry a non-starter? Despite previous failed attempts to get a system rolling, the Ontario Automobile Insurance Anti-Fraud Task Force has recommended trying one more time.
By Willie Handler, Consultant, Willie Handler and Associates | December 31, 2012
EGI Financial Holdings Inc. of Mississauga, Ont. announced Thursday the new chairman of its board of directors will be Robert Purves, chairman of Purves Redmond Ltd. In a press release, EGI said Paul Little, president of Westover Investments Inc., is retiring as EGI chairman but will still be a director. The board changes take effect […]
By Canadian Underwriter | December 21, 2012
ACE Ltd.’s insurance retail division announced this week it published a white paper on the risks faced by operators of renewable energy plants. Renewable energy includes electricity produced by sources such as solar, wind, water, biomass and geothermal. “Operations can range from relatively modest biodiesel plants to massive waste-to-energy facilities,” wrote Darren Small, vice president […]
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