Underwriting Uncertainties: GEICO terminating insurance coverage for Tesla’s Cybertruck, says vehicle doesn’t meet underwriting guidelines
Toronto, Ontario — GEICO has revealed that it will not be covering Tesla’s Cybertruck under its insurance system, saying that the vehicle doesn’t meet its underwriting guidelines. Tesla Cybertruck owner, Robert Stevenson recently revealed that GEICO is removing the Cybertruck from its policy plan, commenting on social media platform X that “@GEICO said they can […]
Claim Pain: New report indicates that automotive insurance costs in Alberta could increase 87.6 percent by 2033
Edmonton, Alberta — A new report from MNP prepared for the Insurance Bureau of Canada (IBC) indicates that the Alberta government’s automotive insurance cap is negatively impacting drivers in the province with automotive insurance costs projected to rise by 87.6 percent between 2023 and 2033. According to the report, factors influencing the province’s insurance system […]
Transparent Tapes: Barrie, Ont. auto shop sends real-time videos of repairs to car owners
Barrie, Ontario — Would you be open to letting your customers access footage of what’s going on on your production floor? Well, one Barrie, Ont., service centre is. The service centre at Moffatt’s Mazda Barrie is documenting repairs on video and sending it to customers for “better peace of mind.” “It allows customers to see […]
EV/AV Report: EV drivers more likely to be at fault in crashes, says Lero report; while GM’s Cruise to pay US$1.5 million penalty after failing to report pedestrian collision
Toronto, Ontario — In this weekly electric and autonomous vehicle report, a new study from researchers at Lero indicates that electric vehicle (EV) drivers are more likely to be involved in at-fault road traffic accidents than internal combustion engine (ICE) vehicles; while GM’s Cruise will reportedly pay a US$1.5 million penalty after failing to fully […]
Battery Beverages: Chevrolet and Erewhon release Equinox EV-themed ‘Electric Juice’
Toronto, Ontario — Have you ever thought about what it would be like to recharge while charging your electric vehicle? In a recent partnership with Erewhon, Chevrolet aims to give consumers the chance with an Equinox EV-themed ‘Electric Juice.’ Made to replicate the electrifying power of an EV, this battery-based-beverage was reportedly designed in an […]
ADAS Advancements: PARTS study indicates that 10 out of 14 ADAS features have surpassed 50 percent market share in 2023 model year vehicles
Toronto, Ontario — A recent report from The Partnership for Analytics Research in Traffic Safety (PARTS) indicates that 10 out of 14 common advanced driver assistance system (ADAS) features have surpassed 50 percent market share in 2023 model year vehicles. The Partnership for Analytics Research in Traffic Safety is a partnership between automotive manufacturers and […]
Big News: Simplicity Car Care expands with the launch of new business, Simplicity Truck Care
Toronto, Ontario — Simplicity Car Care is excited to announce its expansion into the trucking industry with its newest business, Simplicity Truck Care. The company recently opened its first two Simplicity Truck Care locations in Ontario, marking the beginning of a new era in truck collision repair. The inaugural sites in Cambridge and Mississauga are […]
Claims Breakdown: EVs see improved cycle times; totalled less often than non-EV counterparts, says CCC Crash Course report
Toronto, Ontario — The latest Crash Course report from CCC reveals that repairable electric vehicles (EVs) are, on average, more than half the age of their non-EV counterparts, with 78.7% of repairable EVs being three years old or newer. According to the new report, the average age of a repairable EV is 2.4 years; the […]
Can You Believe This?! Cars turn into cartoons, take elephants for a ride and more
Toronto, Ontario — Friday is here again and what’s the end of the week without the promise of Saturday morning cartoons? Check out these wacky Can You Believe This?! clips to see paint jobs straight out of a comic book, cars taking elephants out for a weekend stroll and so much more! The post Can You […]
Insurance Innovations: Solera’s Bill Brower honoured with 2024 PropertyCasualty360 Insurance Luminaries award
Westlake, Texas — Bill Brower, senior vice president of industry relations and claims solutions at Solera, has been named PropertyCasualty360’s Insurance Luminaries Class of 2024 in the Claims Innovation category. The recognition celebrates innovation in the property and casualty insurance industry, highlighting top professionals, teams, organizations, programs, practices and products within the sector that strive […]
