The increasing integration of advanced vehicle technology (AVT) into vehicle design means insurers will have difficult decisions to make in the future about financing “cosmetic” versus “functional” repairs, delegates at the Canadian Collision Industry Forum (CCIF) heard in Toronto on Jan. 28.
In a panel discussion, presenters and audience members – including collision repair centre representatives, insurers and original equipment manufacturers (OEM) – primarily discussed the technical and specialized training required to repair AVT.
Examples of AVT include the use of high strength steels, aluminum, carbon fibre, welding and bonding techniques, electronic vehicles/hybrids, electronic safety features, etc.
One panel discussed how AVT might reshape the collision repair industry.
Advanced vehicle technology may cause debate in the future about “cosmetic” versus “functional” repairs: CCIF Toronto meeting
Finding the Best Homeowners Insurance Companies
If you’ve ever spent weeks chasing down quotes from various homeowners insurance companies in order to find home insurance that’s right for you, you’ll know how frustrating it can be. It’s difficult enough determining how much and what types of coverage you need without having to worry about whether the homeowners insurance companies you’re considering are reliable. Fortunately, nowadays there’s an easier way to find house insurance quickly.
Get Quotes Online
AgentInsure is one of the nation’s leading comparison sites, and can help you find the right homeowners insurance for your needs. Because Agent
How Home Insurance Liability Protects You
When it comes to insurance, most homeowners are concerned with coverage for the actual brick and mortar of our homes; but unfortunately, not many are aware that their home insurance liability might offer them the most amount of financial protection of their entire homeowners policies. Why? Because when a liability claim goes to court, the defendant usually winds up paying exorbitant sums in compensation, medical and legal costs. And it’s not uncommon for a defendant to go into deep debt and in the worst-case scenario, even lose his home.
What Home Insurance Liability Covers
Imagine this: a guest in your home slips on the stairs and breaks her leg. S
European economic turmoil creating Solvency II turmoil as well
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Recent economic turmoil in Europe has further exacerbated the delay and uncertainty of the implementation date of Solvency II, potentially creating a huge strain on companies during 2013, said Nick Dexter, a partner in KPMG’s UK operations.
Dexter offered a Solvency II update during KPMG’s 20th Annual Insurance Issues Conference in Toronto on Nov. 24.
The original implementation date of Jan. 31, 2012 has been pushed back to Jan. 31, 2013 and now there is talk of extending the deadline another year to Jan. 31, 2014, Dexter said.
“The impact of Solvency II in certain parts of Europe is going to dramatically increase the capital requirement [of insurers],” he said.
When Should You Compare Home Insurance Quotes?
In recent years, consumers have become increasingly more aware of the fact that they can save hundreds of dollars if they compare home insurance quotes before purchasing a policy. However, many people don’t know under which circumstances they should request quotes in order to see if they can save cash or get better coverage. So when should you compare home insurance quotes?
- When you buy a new home. Whether you’re a first time buyer or about to purchase your third home, you should always compare home insurance quotes to see which insurance company offers the best deal.
- When the term of your current policy is almost up. Nearly every home insurance policy runs on a 12-month term basis. If