Auto

One in five consumers switch insurers after first accident

About 20% of customers consider switching insurance companies after experiencing the collision claim process, according to a new U.S. study. J.D. Power and Associates’ 2006 Collision Repair Satisfaction Study found that 7% of customers chose not to file a claim with their insurer after their most recent collision. And yet, although more than 30% of […]

January 31, 2007

1 min read

Auto

Toronto police chief committed to ending highway deaths

More Canadians will die in car accidents than by any other criminal offence, Bill Blair, Toronto’s chief of police told the Insurance Brokers of Toronto and Region (IBTR). He put the onus on the drivers to take care behind the wheel and applauded the automotive industry for building safer vehicles. “Independent drivers have become a […]

By Canadian Underwriter | January 23, 2007

2 min read

Auto

Manitoba Public Insurance lists top five frauds of 2006

Manitoba Public Insurance (MPI) cited a woman that claimed $12,000 over 18 months following a car crash for treatment expenses as the most expensive fraud case in 2006.Rounding out the top five frauds for the year were: a ‘stolen’ car found to have been sold; a false statement regarding a driver’s identity following a collision; […]

By Canadian Underwriter | January 3, 2007

1 min read

Auto

What’s new: In brief (January 02, 2007)

In the spirit of the holiday season, The Co-operators donated more than $446, 500 to the United Way. Staff members contributed the majority of the funds, which will be distributed in the communities where the donations were made.”The generosity of our staff members is nothing short of astonishing,” said Kathy Bardswick, the president and CEO […]

By Canadian Underwriter | January 2, 2007

2 min read

What’s New: In Brief (December 21, 2006)

More effort is needed to keep Canadian roads safe from drunk drivers, according to a Traffic Injury Research Foundation (TIRF) poll.The poll asked drivers if they drove at times when they felt they might be above the legal alcohol limit. The results suggest that respondents each made an average of 10.2 trips last year after […]

2 min read

ICBC launches suit against alleged theft ring

The Insurance Corporation of British Columbia (ICBC) has filed a civil action against 20 individuals for their alleged involvement in a vehicle theft ring.The case involves a total of seven vehicle claims from 2002 until 2003, says information from the ICBC.The corporation is seeking to recover approximately $300,000, the cost paid out for the stolen […]

1 min read

TD Meloche Monnex recognized for direct marketing

The TD Meloche Monnex Group’s direct marketing campaigns scooped up more than 10 awards at three events honouring best creative and outstanding results. The direct marketing team’s efforts were first recognized at the ECHO Awards, held in San Francisco, where the Lucky Day campaign for the TD Insurance Home and Auto brand won a silver […]

1 min read

Rugby players around the world raise funds for injured player

Rugby players around the world are rallying to raise funds for the 21-year-old paralyzed Canadian player, Sean Corner, reports the Hamilton Spectator.Corner studied insurance at Mohawk College in Hamilton and started work at Economical Insurance in May, when he was injured during a rugby match in September that left him paralyzed from the waist down.The […]

1 min read

MPI lowers auto rates; offers 10% rebate

Three out of four Manitobans will pay less for basic auto insurance coverage next year and everyone who paid for auto insurance in 2005-06 will receive a 10% rebate, Manitoba’s Public Utilities Board [PUB] ruled yesterday.It will be the eighth year in nine that Manitoba Public Insurance (MPI) has held the line or reduced basic […]

2 min read

Study shows online auto insurance quotes decrease by 25%

A recent study by kanetix, a Canadian online insurance marketplace, suggests shoppers are getting online insurance quotes that are about 25% cheaper on average than what they were getting at this same time last year.The study also concluded that auto insurance premiums can vary by over Cdn$900 for the same coverage.Supporting its contention that Ontario […]

2 min read