Category: Auto & Trucking

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ICBC to change bonus system

“Given our recent financial performance and general economic conditions, we have taken proactive steps to adjust and add more rigor to our performance pay plan,” Adam Grossman, ICBC’s Senior Media Relations Advisor said

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Canadian police to be trained on identifying, investigating staged collisions

The Insurance Bureau of Canada (IBC) and the Canadian Police Knowledge Network (CPKN) are sponsoring training so police officers across the country can learn more about staged accidents

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Most frequently stolen Ford Mustangs

To date, nearly 8.5 million Mustangs have been sold in the United States, but more than 600,000 of those have been stolen

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Kingsway announces reverse stock split to remain compliant with NYSE

Under NYSE listing standards, the closing price of a stock cannot be under USD $1 for more than 30 consecutive trading days

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Worn extension cords cause cars to go up in flames

MPI’s fire experts say a cracked extension cord – or a block heater cord with a corroded plug – can sometimes lead to “electrical arching” which can quickly spark a fire

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Facebook brags lead to BC man’s insurance fraud confession

A Williams Lake man may be thinking twice about what he posts on social media websites after a series of Facebook posts and messages led to an ICBC fraud investigation

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Average age of vehicles on the road reaches record high

The average age of a car in the U.S. last year was 11.1 years, while the average truck was 10.4 years old. In 1995, the average age of a car was 8.4 years and the average for a truck was 8.3 years

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The safest vehicles for 2012

Insurance Institute for Highway Safety awards 69 cars, 38 SUVs, 5 minivans, and 3 pickups with Top Safety Pick accolades

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Insurance fraudster pleads guilty to bilking insurers out of $1.5 million

Police said they became suspicious after noticing that one crashed vehicle had been driven only one kilometre since its previous crash

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Manitoba Public Insurance reports lower net income, lower Basic rates coming

MPI reports net income of $36.9 million for the nine months ended November 30, 2011 compared to net income of $89.4 million for the same period last year

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Allstate to offer satisfaction guarantee for U.S. auto insurance customers

If an eligible customer is not happy, for any reason, with the service they receive on a paid auto claim, Allstate will provide a credit to the customer’s auto policy

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FSCO releases Cost of Goods Guideline for Ontario auto insurers

Guideline has been developed as a result of a recommendation by the Auto Insurance Anti-fraud Task Force in its interim report regarding measures that should be undertaken as soon as possible

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Myths and facts about senior drivers: Part 3

Myth: Having a co-pilot in the car is an acceptable method for maintaining the mobility of cognitively impaired seniors.

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MPI’s top five frauds of 2011 – Number 1

Manitoba Public Insurance (MPI) refers all suspicious claims to its Special Investigation Unit (SIU), which investigates about 3,000 claims each year. These investigations often lead to the apprehension of insurance fraudsters and in 2011, this resulted in fraud savings of more than $9 million for Manitoba auto insurance rate payers. MPI has released its annual [...]

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Eco-Friendly Car Production hits North America

“With big improvements to the plant, most notably in the paint shop, the reduction in coal use and expense should decrease even further.” GM

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MPI’s top five frauds of 2011 – Number 2

Coming in at second spot in MPI’s top five frauds of 2011 is a case where a driving lesson may have helped a fraudster get away

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MPI’s top five frauds of 2011 – Number 3

Coming in at third spot in MPI’s top five frauds of 2011 is a case that crosses provincial – and legal – boundaries

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MPI’s top five frauds of 2011 – Number 4

Coming in at fourth spot in MPI’s top five frauds of 2011 is one the case of one cab driver who just wanted to keep working

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BC man busted for fraud after reporting vehicle stolen

Investigation into “stolen” vehicle reveals that truck had been involved in a hit and run in the same area five days earlier

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