Canadian Underwriter

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Mergers and Aqcuisitions


News InsuranceMergers and Aqcuisitions

U.S. auto results will continue to flag: Conning

January 10, 2003 by Canadian Underwriter

A new study suggests that the auto insurance market will be no kinder to insurers south of the border than it has been to Canadian companies. in “Caution Flag for Personal Automobile Insurance”, research firm Conning says that the poor

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Auto theft down in Manitoba, study suggests

January 8, 2003 by Canadian Underwriter

For the first time in five years, auto thefts rates have dropped in Manitoba, says the province’s public insurer. According to Manitoba Public Insurance (MPI), 2002 says 7.827 theft claims filed, 6,190 of which were in Winnipeg.MPI speculates that the

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MPI tracks cars stolen multiple times

January 6, 2003 by Canadian Underwriter

A new study from Manitoba Public Insurance (MPI) shows that one car in that province was either stolen or had a theft attempt made on it six times in the past two years. The finding was part of a study

Feature Mergers and Aqcuisitions

Profile: Adjusters Preparing for Change

January 1, 2003 Vikki Spencer

No one would argue the insurance industry is one that stands still, particularly not in today’s market. For adjusters, the changes are keenly felt, impacting how they do their jobs on a daily basis. From mergers and acquisitions to changing

News InsuranceMergers and Aqcuisitions

IBC disappointed with Newfoundland auto package

December 20, 2002 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is expressing dismay over the package of reforms to Newfoundland’s auto system introduced in Bill 28 this week. In a release, the IBC says the reforms will not help control the costs of auto

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Industry claims satisfaction rate rises for 2002

December 19, 2002 by Canadian Underwriter

With the release of the 2002 Auto Claims Satisfaction survey from the Financial Services Commission of Ontario (FSCO), the industry saw its satisfaction level rise to 86%, its highest level since the survey’s introduction five years ago.Topping the survey was

News InsuranceMergers and Aqcuisitions

Ontario Collision Repair Standards Act passes

December 16, 2002 by Canadian Underwriter

The act to place Ontario’s bodyshops under industry self-regulation was passed on the last night of the Ontario legislature’s sitting before Christmas break. The Collision Repair Standards Act of 2002 puts the collision, auto body and auto refinishing industries under

News InsuranceMergers and Aqcuisitions

Manitoba PUB orders 1% drop in rates

December 6, 2002 by Canadian Underwriter

Following a request from Manitoba Public Insurance (MPI) to keep rates the same in that province, the Public Utilities Board (PUB) has ordered a 1% reduction in basic public auto insurance rates. This represents the fifth year MPI has held

News InsuranceMergers and Aqcuisitions

Robert Cooke named new IBC chair

December 6, 2002 by Canadian Underwriter

At the recently held Insurance Bureau of Canada (IBC) annual general meeting, outgoing chair George Cooke commended the bureau for the gains made over the past year in securing government dialogue on auto product reform countrywide. The greatest success has

News InsuranceMergers and Aqcuisitions

Auto insurance still topping IBC concerns

December 4, 2002 by Canadian Underwriter

Despite the introduction of new legislation to deal with some of the issues plaguing Ontario’s auto insurance market, and the decision not to open up B.C.’s auto market to competition, auto remains a top priority for the Insurance Bureau of

Feature Mergers and Aqcuisitions

Taking the Lash Out of Driving

December 1, 2002 Mary Lou Reilly, IBC

Adjusting vehicle head restraints, or headrests, can help prevent the pain of whiplash, says a new Canadian study. The message for drivers: rest up and save your neck.

News InsuranceMergers and Aqcuisitions

IBC unhappy with New Brunswick auto report

November 25, 2002 by Canadian Underwriter

A report on reforming New Brunswick’s auto insurance system is getting a chilly reception from the Insurance Bureau of Canada (IBC).Proposals to control auto rates in the province made by the Select Committee on Auto Insurance will, the IBC says,