By Vincent J. Romans and Mary Jane Kurowski, The Romans Group Part 4 of our annual series by Vincent Romans and Mary Jane Kurowski examines the consolidated U.S. and Canadian collision repair markets. <Part 3 ———————————————————————————– U.S. and Canada Consolidated North America When comparing the property and casualty insurance and auto industry, top ten insurers’ […]
A Profile of the Evolving Collision Repair Marketplace – Part 3
By Vincent J. Romans and Mary Jane Kurowski, The Romans Group Part 3 of our annual series by Vincent Romans and Mary Jane Kurowski examines the Canadian collision repair market. <Part 2 ———————————————————————————- Part 4> Canada Canada’s overall market size for both private insurance and consumer-paid vehicle repair revenue was $2.7 billion for 2014, down […]
Markham General Insurance Cancels All Auto Policies
Canada News Markham General Insurance Company has told its brokers that all existing policies for auto insurance will be cancelled as of 12:01 a.m. on June 15, 2002. Rumors had been circulating in the industry that such a move might be taken, after Markham General’s financial woes came to light just weeks ago. The company […]
Aftermarket Parts Lawsuits Hit Canada
AXA Canada and ING Canada named in class action. IBC to look at insurance company practices. Insurance companies in Canada are starting to feel the impact of the U.S. aftermarket parts class action trial that ended October 8th in Illinois with a $1.18 billion award against State Farm. Some recent Canadian events: A class action […]
Ford Purchases Hamilton, Ontario-Area Auto Recycler
John Norris from the Hamilton District Autobody and Repair Association (HARA) in Hamilton, Ontario reports that Ford of Canada has announced their entry into the Canadian auto recycling market with the purchase of Plazek Auto Recyclers of Caistor Centre, just outside of Hamilton. According to Norris, Plazek’s is a well known and respected auto recycler […]
Insurers Win Right to Recommend Repair Shops in Ontario Court Case
Toronto to spend $50,000 on appeal The Hamilton, Ontario-based Collision Industry Action Group (CIAG) reports that insurers have won the right to recommend repair facilities. Insurance companies have the right to recommend their repair shops to an insured. However the insurance company does not require that the insured use the recommended shop. With these words, […]
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