Auto
Following extensive investigations, police in Quebec swooped in on a vehicle theft ring based in Victoriaville in July, seizing 56 cars valued at approximately $1.6 million. The Insurance Crime Prevention Bureau (ICPB) congratulated the authorities on the successful raid, noting that this is the second occasion vehicles have been seized on premises owned by Laurent […]
August 31, 2000
1 min read
Speaking at the Canadian Insurance Congress luncheon, George Anderson, president of the Insurance Bureau of Canada (IBC), announced that the IBC will be renewing its lobby campaign this year to overthrow the state-run monopoly position the Insurance Corporation of British Columbia (ICBC) holds over auto insurance in the province. The IBC has been pursuing an […]
June 30, 2000
Airbags recovered from written-off vehicles will be used for collision repairs in British Columbia, likely before the end of the year, says a researcher at the province’s public insurance organization. The decision follows testing on salvaged airbags conducted by the Insurance Corporation of British Columbia (ICBC) which shows the bags are a safe alternative to […]
April 30, 2000
3 min read
Insurance companies in Canada are feeling the impact of the late 1999 U.S. aftermarket parts class action trial that resulted in a $1.18 billion award against State Farm Insurance. The insurer was found to have failed to perform its obligation under contract with motorists and violated the terms of its policies by using non original […]
January 31, 2000
2 min read
The North American Export Committee (NAEC), formed to combat cross-border movement of stolen vehicles in North America, recently met in Jacksonville, Florida. Canadian and U.S. insurers, customs officials, law enforcement agencies such as the FBI, RCMP and port authorities, came together with auto manufacturers to deal with what is clearly becoming a growing thorn in the foot for the property and casualty insurance industry.
November 30, 1999
Engaged in a constant battle to improve costs associated with auto insur- ance, insurers are focusing much attention on reducing auto theft and alerting the insured public about the phenomenon. According to Bill Atchison, acting chief operating officer of the Insurance Crime Prevention Bureau (ICPB), not only are stolen car numbers rising, but conversely, the […]
September 30, 1999
The Insurance Bureau of Canada (IBC) has given a pat on the back to the Newfoundland and Labrador authorities who have adopted graduated licensing systems from January 1 of this year. Atlantic vice president of the IBC, Don Forgeron, says the adoption will go a long way in helping to reduce the unacceptable number of […]
February 28, 1999
Consistency and convenience have been earmarked as the key factors likely to satisfy the consumer of the future. The rapid advancements made on the technology front over recent decades are largely responsible for this shift in consumer expectations. To survive as a future service provider, companies, like insurers and their support service providers such as […]
January 31, 1999
Dear Sir: I am surprised with your “informative” article on “Containing BROKER MANAGEMENT system costs” (CU, November Issue). I’m surprised that a management consultant wrote this article, without performing any kind of review of most of the options available today in the marketplace. Who actually commissioned this individual? A one “product” evaluation is not a […]
December 31, 1998
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