The Co-operators has announced its intention to acquire G&F Financial Group’s general insurance assets and Autoplan appointment. The deal is subject to regulatory approval and is expected to close June 30, 2012, reports The Co-operators, a Canadian-owned multi-product insurance company.…
There would be no need for Ontario to maintain a separate and duplicative solvency regime for the few such companies that remain in the province under a Financial Services Commission of Ontario (FSCO) proposal. FSCO’s consultation paper, Improving Solvency Supervision…
B.C. condo unit owners have yet to take a run at challenging the fairness of deductible downloading bylaws of strata corporations, although case law seems aligned for such an opportunity. Krista Prockiw of Alexander Holburn Beaudin & Lang LLP mentioned…
BERKLEY, Mich., May 2012 — CRDN, an international organization of textile restoration experts serving the insurance industry, and Esporta Wash Systems Inc., inventors and manufacturers of a patented washing system and detergents, have come to an agreement to discontinue the…
Canadian Underwriter magazine has launched inswire, a new real-time information web stream for the property and casualty insurance market. Online visitors will gain entry to what amounts to an ‘insurance newswire’, benefiting from a real-time industry news feed streamed live…
TORONTO, Ontario, Canada — May, 2012 — Keal Technology, software provider for Canadian insurance brokers, announces they are making available to insurers effective May 14th 2012 its Centre of the Study of Insurance Operations (CSIO) electronic document (eDoc) in CSIO…
A summary of submissions to the federal government on demutualization shows some important differences in viewpoints on how mutual property and casualty insurers should be allowed to become share companies. The Department of Finance received more than 80 submissions from…
Here’s a quick math question for strata insurance experts: If there is a $50,000 policy deductible for each “occurrence” of illegal drug activity losses, and 29 out of 90 condo units in a single building are damaged because of marijuana…
Loss control managers now have access to an iPad app that provides another option for field inspectors using Risk Control Technologies Inc.’s RC inspection loss control solution. Users can complete their work in an offline state (if required), as well…
EGI Financial Holdings Inc.’s net income for Q1 2012 rose 25% over the same period in 2011, largely in response to the numbers of written premiums and investment income. The company witnessed a 42% increase in written premiums in Q1 2012…
British Columbia’s public auto insurer, the Insurance Corporation of B.C. (ICBC), has committed to consulting with the province’s brokers about a proposed shift to risk-based auto insurance pricing. The move represents one peg of ICBC’s much broader plan to modernize…
The auto insurance industry may suffer a steep decline if technology that reduces the frequency and severity of car accidents is widely adopted, concludes a new study by research firm Celent. The research points to four specific types of technology…