Topic
Associations
Insurance Institute to hold National Education Week, offer weather preparedness seminars
February 21, 2014 by Canadian UnderwriterThe Insurance Institute of Canada will be celebrating National Education Week from Feb 24 to 28, with regional chapters holding professional development events for industry professional. Events and seminars hosted across Canada on topics specific to the insurance industry, as…
Federal proposals for residential flood insurance, disaster mitigation get kudos from Insurance Bureau
February 12, 2014 by Canadian UnderwriterThe federal government’s announcement Tuesday that it plans to consult with the industry for a “national approach to residential flood insurance” and to start funding projects such as flood control infrastructure in 2015, has been well received by the Insurance…
Ontario auto one factor in State Farm’s sale to Desjardins, industry CEO suggests
January 24, 2014 Greg Meckbach, Associate EditorThe Ontario government’s stance on auto insurance continues to inject uncertainty into the market and is one reason State Farm agreed to sell its Canadian operations to Desjardins Group, according to speakers at Thursday’s P&C Crystal Ball conference in Toronto.…
NDP says Liberals too slow to cut auto insurance rates after reducing benefits
January 16, 2014 THE CANADIAN PRESSTORONTO – Ontario’s New Democrats say the Liberal government is moving too slowly to cut auto insurance rates by 15 per cent, and warn they’ll remember that broken commitment at budget time this year. The province’s insurance regulator approved rate…
Ontario auto insurance rates dropped 4.66% on average since August, government says
January 15, 2014 by Canadian UnderwriterAuto insurance rates in Ontario have dropped 4.66% on average since August 2013, Ontario’s Ministry of Finance said Wednesday. Its announcement came a day after a news report citing unnamed sources that said rates had decreased 4% since the Liberal…
Three Ontario rehabilitation clinics convicted in auto insurance fraud cases
January 14, 2014 by Canadian UnderwriterThree Toronto-area rehabilitation clinics have been convicted of several offences, resulting in maximum fines of $100,000 per conviction, the Insurance Bureau of Canada said Tuesday. The convictions come after co-operative investigation efforts from IBC’s investigative services division, multiple insurers, police…
Premiums likely to rise as insurers forced to pay up for massive storms
January 8, 2014 Romina Maurino - THE CANADIAN PRESSTORONTO – Home owners should prepare to pay more for property insurance as the severe weather trend that has battered the country during the past year is expected to continue. ”There are more and more storms happening, and we’re seeing…
Falling trees, burst pipes lead to ice storm-related claims in Ontario
January 2, 2014 Greg Meckbach, Associate EditorAs power workers continue to restore electricity in Eastern Canada after a pre-Christmas bout of freezing rain, some insurance carriers report having received a variety of claims arising from the ice storm, from burst water pipes to tree branches falling…
High-end SUVs among most frequently stolen vehicles in Canada: IBC
December 19, 2013 by Canadian UnderwriterThe Honda Civic has topped this year’s top 10 list of most frequently stolen vehicles, according to the Insurance Bureau of Canada, but higher-end SUVs were also a target. The 2000 Honda Civic SiR 2DR is at the top of…
Network fighting auto theft expands in Atlantic Canada
December 3, 2013 by Canadian UnderwriterThe Provincial Auto Theft Network (PATNET) program, which works to fight auto theft in New Brunswick and Nova Scotia, has expanded to Prince Edward Island, the Insurance Bureau of Canada announced Tuesday. The program’s launch in Summerside, PEI will include…
Regulatory risk on the rise: IBC CEO
November 30, 2013 byThe 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 Symposium in…
Ontario paving the way for mandatory carbon monoxide detectors in all homes
November 27, 2013 Maria Babbage - THE CANADIAN PRESSTORONTO – Ontario has passed legislation that will pave the way for carbon monoxide detectors to be mandatory in all homes in the province. All three parties supported a private member’s bill introduced by Progressive Conservative Ernie Hardeman. The Hawkins…