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IBC, Quebec trucking industry group partner to fight cargo theft

October 20, 2014 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) and the Association du camionnage du Québec (ACQ) have partnered on a cargo theft reporting program, aimed at tackling what the groups say is a crime that costs Canadians $5 billion per year. The Programme provincial de déclaration

News AssociationsInsuranceLegal

Cargo theft a hit to Canadian economy, security: fraud forum

September 24, 2014 Angela Stelmakowich, Editor

Cargo theft is not simply about stolen goods – affecting an individual load or a particular company – but extends beyond that to adversely influence the economy as a whole, Richard Dubin, vice president of investigative services for the Insurance

News AssociationsInsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

15% rate reduction in Ontario auto not doable, IBC exec says

September 23, 2014 Harmeet Singh, Online Editor

OTTAWA – The Ontario government’s target of a 15% reduction in auto insurance rates is “absolutely not” doable, the Insurance Bureau of Canada’s vice president of policy development said Tuesday during the National Insurance Conference of Canada. “Absolutely not, and

News AssociationsCatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Toronto City Council asks province to consider ‘limits’ on property insurance premium increases

August 27, 2014 Greg Meckbach, Associate Editor

A motion Tuesday from Toronto City Council, asking the Ontario government to consider regulating property insurance premiums, shows “a lack of understanding” of insurance as a “risk transfer mechanism,” an official with the Insurance Bureau of Canada (IBC) says, while

Feature AssociationsClaims CanadaEarnings / Ratings

Tornado causes $30 million in damages in Angus, Ontario

July 31, 2014 by

Insured damage from the tornado that hit Angus, Ont. in late June is at least $30 million, according to the Insurance Bureau of Canada based on preliminary figures from Property Claim Services (PCS). More than 100 homes were damaged from

Feature AssociationsClaims CanadaCommercial LinesLegal

Police recover $1.4 million in stolen cargo

July 31, 2014 by

A recent police raid helped identify roughly $1.4 million in stolen property from 15 separate cargo load thefts over the past several months, the Insurance Bureau of Canada said July 15. “Multiple search warrants were executed on warehouses in the

News AssociationsInsuranceLegalMergers and Aqcuisitions

Toronto-area rehab clinic convicted of fraud, fined $200,000 plus restitution

July 23, 2014 by Canadian Underwriter

A Toronto-area rehabilitation clinic has been convicted of several auto insurance fraud-related offences and has been fined $200,000. Ontario Rehab Centre was charged following co-operative investigations involving the Financial Services Commission of Ontario (FSCO), the Insurance Bureau of Canada, multiple

News AssociationsInsuranceLegalMergers and Aqcuisitions

Edmonton Police recover recreational equipment in false vehicle identification number scheme

July 18, 2014 by Canadian Underwriter

The Edmonton Police Service (EPS) announced Thursday it has recovered more than $863,000 worth of travel trailers and other allegedly stolen property after an investigation into false vehicle identification numbers, in which the Insurance Bureau of Canada provided help. “Police

News AssociationsInsuranceLegal

IBC cargo theft reporting database helps police recover $1.4 million in stolen property

July 15, 2014 by Canadian Underwriter

A recent police raid helped identify roughly $1.4 million in stolen property from 15 separate cargo load thefts over the past several months, the Insurance Bureau of Canada said Tuesday. “Multiple search warrants were executed on warehouses in the City

News AssociationsInsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Ontario Liberals revive bill to cut auto insurance rates and curb towing costs

July 15, 2014 THE CANADIAN PRESS

TORONTO – Ontario’s governing Liberals are reviving legislation aimed at reducing auto insurance rates and inflated towing costs. The Liberals introduced two bills in the spring to help reduce auto insurance premiums by an average of 15 per cent across

News AssociationsClimate ChangeInsuranceMergers and Aqcuisitions

Insured damage from Angus, Ont. tornado at least $30 million

July 9, 2014 by Canadian Underwriter

Insured damage from the tornado that hit Angus, Ont. in late June is at least $30 million, the Insurance Bureau of Canada said Wednesday, based on preliminary figures from Property Claim Services (PCS).  More than 100 homes were damaged from

News AssociationsInsuranceMergers and Aqcuisitions

Canadian Underwriter magazine launches special insurance industry archive website

June 18, 2014 by Canadian Underwriter

Canadian Underwriter magazine is celebrating its 80th Anniversary in 2014. To acknowledge this milestone, the Canadian Underwriter staff dove into the archives and agreed that it would be a an exciting project to preserve and share a snapshot of the