Labour rates have become a main driver in auto repair expenses for insurers. That’s atop the still-increasing parts and vehicle complexity, finds a 2024 trend report by Enlyte and its subsidiary claims software and tech company, Mitchell. Insurers are…The post Why insurers auto repair costs are still going up appeared first on Canadian Underwriter.
The Bank of Canada will be watching its counterpart south of the border carefully as it gauges when to start cutting its benchmark interest rate. Here’s why.