Auto
Hospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of the pandemic and hard market were not uniform across the economy, with certain industry sectors […]
By Jason Contant | August 16, 2022
3 min read
TORONTO – DesRosiers Automotive Consultants says Canadian auto sales were down 16.2 per cent in July compared with a year earlier because of a shortage of available vehicles. The consultancy estimates 130,480 new light vehicles sold in the month as auto manufacturers continue to struggle with semiconductor supply chain issues. The volume was the smallest […]
By Jason Contant | August 5, 2022
1 min read
TORONTO – DesRosiers Automotive Consultants says Canada produced just over 1.1 million light vehicles last year for the lowest level of production since 1967. The low production numbers, down from 1.4 million in 2020 and close to two million in 2019, came as the auto sector globally was hit by a shortage of semiconductor chips […]
By Jason Contant | January 27, 2022
2 min read
Amendments to Alberta’s Standard Auto Policy Form No. 1 will enable direct compensation for property damage (DCPD) for certain kinds of automobile property damage claims, starting January 1, 2022. The amendments were approved by Alberta’s Superintendent of Insurance. Sharon Stefanyk, a partner at Field Law in Edmonton, explained this means “drivers who are not at-fault […]
By Phil | December 13, 2021
TORONTO – To be an autoworker in Canada this year has meant living with a fair bit of uncertainty. “There’s no consistency,” said Mark Sciberras, president of the Unifor local branch at Ford Motor Co.’s Oakville, Ont. operations. “One week to the next, you don’t know if you’re working.” The Oakville plant, like so many […]
By Jason Contant | October 12, 2021
4 min read
Intact Insurance could re-enter the British Columbia auto market but only if the provincial government provides “options and convenience” to motorists, says Intact Financial Corp. CEO Charles Brindamour. It has been eight months since Intact announced it is leaving the B.C. auto market, where a provincial Crown corporation has had a monopoly on mandatory minimum […]
By Greg Meckbach | August 9, 2021
Ontario motorists can expect to see more insurers offering telematics now that the province is allowing carriers to impose surcharges on risky drivers. “The bottom line is that insurance companies always want to find the right price for a risk and the prohibition in the past on surcharges [on usage-based auto insurance] prevented them from […]
By Greg Meckbach | March 30, 2021
Aviva Canada is supporting new provincial towing restrictions on some Toronto area provincial expressways. On some sections of road, a single towing company will be contracted to remove private passenger vehicles that need to be towed, the Ontario government announced March 2. It is part of a pilot program that the government could renew in […]
By Greg Meckbach | March 3, 2021
TORONTO – Canadian auto sales in February were down nearly 10 per cent compared with February 2020, the last full month before the lockdowns began due to the COVID-19 pandemic. According to estimates compiled by DesRosiers Automotive Consultants auto sales last month totalled 112,654 units, down from the 125,059 units of February 2020. DesRosiers says […]
By Jason Contant | March 3, 2021
It could be up to a year before driving habits return to normal, but don’t expect many of your clients to pay less for auto insurance. Those were a couple of key takeaways from a recent Intact earnings call. “It is hard to tell how soon the return-to-normal will be,” Intact Financial CEO Charles Brindamour […]
By Greg Meckbach | February 24, 2021
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