Auto

IBC Unhappy With Draft Auto Theft Program

A new regulatory framework for electronic vehicle immobilization from Transport Canada is drawing criticism from insurers. The Insurance Bureau of Canada (IBC) says the program is flawed and will be a step back in the fight against vehicle theft. The regulation would require all new passenger cars and light duty trucks built after September 2005 […]

July 31, 2003

1 min read

Views (August 01, 2003)

DRI International now offers certification as a business continuity planner (CBCP) through its website, www.drii.org. The not-for-profit training enterprise offers the online courses globally. *************** Collision repair chain CARSTAR Automotive Canada has been named one of Canada’s top 100 fastest growing companies by Profit Magazine. Between 1997 and 2002, the company achieved 190% revenue growth […]

July 31, 2003

2 min read

MPI net income up on investment gains, lower claims

Manitoba Public Insurance (MPI) is reporting net income of $29.3 million for the first quarter ending May 31, 2003. This is a significant increase over net income of $6.4 million for the first quarter 2002.Claims costs and investment gains both played a role in the positive results, the public auto insurer says. Claims costs for […]

By Canadian Underwriter | July 16, 2003

1 min read

Alberta government to introduce new underwriting rules

In response to growing public concern over auto insurance rates, the Alberta government is the latest to introduce changes to its system.Among those changes will be a new underwriting system that focuses on driving records rather than other factors such as age, gender, etc.The moves follow meetings with insurers and lawyers in the province, as […]

By Canadian Underwriter | July 10, 2003

1 min read