Quebec’s eighth largest property and casualty insurer has a new president. François Blais is now president of Industrial Alliance Auto and Home Insurance and Prysm General Insurance, parent company iA Financial Corporation Inc. announced Tuesday. Blais, who joined Industrial Alliance…
Canadian auto insurers have been using telematics to gather data on driving behaviour for years, with one insurer having billions of miles’ worth of data, but it remains debatable whether pay-as-you-drive technology actually reduces insured losses. Claims costs “could conceivably…
Industrial Alliance Insurance and Financial Services Inc. has reported a net income attributed to common shareholders of $155 million in the fourth quarter of 2016 ending Dec. 31, up dramatically from net income of $4.2 million in the same quarter…
For the second time in three weeks, the Supreme Court of Canada announced it is not hearing an appeal – from a plaintiff suing an insurer for breach of contract – of a ruling significantly reducing punitive damages against a…