Featured Headlines

Desjardins Group to acquire State Farm Canada businesses

Desjardins Group has entered into a definitive agreement to acquire State Farm Canada’s property and casualty and life insurance business, as well as its mutual fund, loan and living benefits companies.
Jan 15, 2014

Solution to sewer back-up losses not higher premiums and restricted cover, three-city MRAT pilot project launched

The solution for ever-increasing insured losses from overwhelmed municipal infrastructure that leads to sewer back-up is not for insurers to hike premiums and slash cover, but rather to employ innovative tools that help cities better plan for...
Nov 22, 2013

Travelers completes acquisition of The Dominion

The Travelers Companies, Inc. (NYSE: TRV) announced late Friday afternoon that its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX: ELF) had been completed.
Nov 1, 2013

Regulatory risk on the rise, notes IBC CEO

The events of 2013 have demonstrated the insurance industry in Canada is facing a significant tide of risks, including regulatory risks, Don Forgeron, president and CEO of the Insurance Bureau of Canada, noted at IBC's 2013 Regulatory Affairs...
Nov 1, 2013

Quebec insurance brokers voice concerns over consumer protection

Illegal business practices – including those involving automobile dealerships that disparage products offered by brokers and sell replace insurance – are among the challenges the insurance brokerage profession in Quebec must address.
Oct 30, 2013

Study cautions that Canada not prepared for a major earthquake, both economic and insured costs would be significant

There would be significant losses if modelled scenarios involving a 9.0-magnitude earthquake off the west coast of Vancouver Island and a 7.1-magnitude quake about 100 km northeast of Quebec City came to be, demonstrating the need for a...
Oct 29, 2013

Auto premiums must be risk-based, reform of Ontario territories should be considered: CEOs

IBAO Convention 2013 - The notion of 50 territories and contiguous territories with differentials in Ontario needs reform, Maurice Tulloch, former president and CEO of Aviva Canada and now CEO of Aviva U.K. & Ireland General Insurance,...
Oct 28, 2013

Industry must make it clear to consumers that 15% auto premium reduction is an average, CEO says

IBAO Convention 2013 - It is essential to remember the 15% auto insurance rate reduction recently mandated by the Ontario government is an average – meaning not all consumers, regions or companies will be affected in precisely the same...
Oct 25, 2013

Severe weather requires advice from brokers, restrictions from government: CEOs

IBAO Convention 2013 - As Canada gets more extreme weather events, insurance brokers will have an even greater opportunity to give advice to residential customers about coverage for water damage, suggest the chief executive officers of some...
Oct 25, 2013

Ontario to examine issue of credit unions selling insurance products online

IBAO Convention 2013 - The Ontario government will soon be taking a look at the issue of credit unions selling insurance products online, Premier Kathleen Wynne said during the Insurance Brokers Association of Ontario’s (IBAO) annual...
Oct 24, 2013

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