Keyword
farm
Why B.C.’s tax collector tried to burn Mutual Fire for an extra $4.5 million
April 9, 2021 by Greg MeckbachBritish Columbia’s income tax commissioner must re-visit a decision to bill Mutual Fire Insurance Company of British Columbia an extra $4.5 million in premium taxes and interest from the 2012 and 2013 taxation years. Mutual Fire appealed the ruling by…
What this season’s crop claims look like so far
August 20, 2019 THE CANADIAN PRESSThe Canadian Crop Hail Association says more than 10,000 damage claims have been received by its member companies so far this season. The association says in a release that at the mid-point of the year, Saskatchewan farmers filed 6,900 claims…
AIR Worldwide releases probabilistic crop hail model for Canada
June 26, 2017 by Canadian UnderwriterAIR Worldwide has released what the catastrophe risk modelling firm calls the industry’s first crop hail model to provide stakeholders across the crop insurance value chain with a probabilistic view of the effects of hail on Canadian crops. Currently available…
Opta Information Intelligence launches iClarify Farm Solution for Canadian insurance marketplace
April 19, 2017 by Canadian UnderwriterOpta Information Intelligence has announced the expansion of its suite of services to the Canadian property and casualty (P&C) insurance industry with the launch of iClarify Farm Solution. Markham, Ont.-headquartered Opta, creator of iClarify and Peril Score analytic solutions, announced…
Strong investment gains even out results for Ontario mutual insurers
April 3, 2017 by Angela StelmakowichFinancial results for Ontario mutual insurers in 2016 were better than expected, with 2016 marking the eighth consecutive year of overall profitability and seventh year in a row of underwriting profit. The aggregate results for Guarantee Fund Mutuals in 2016…
Co-operators General Insurance Company net income $128.8 million in 2016 Q4, up from $103.3 million in 2015 Q4
February 16, 2017 by Canadian UnderwriterThe consolidated net income for Co-operators General Insurance Company increased for the fourth quarter of 2016 over the same quarter in 2015, but net income for 2016 decreased from 2015. The Co-operators has posted net income of $128.8 million for…
Burns Demeyere & Associates to join McFarlan Rowlands Insurance Brokers in 2017
November 29, 2016 by Canadian UnderwriterBurns Demeyere & Associates (BDA), a Tillsonburg, Ont.-based brokerage with a history dating back about 125 years, will join McFarlan Rowlands Insurance Brokers at the beginning of 2017. McFarlan Rowlands – which also has established roots in its community and…
The Co-operators General Insurance Company reports net income of $16.3 million in 2016 Q3 compared to loss in 2015 Q3
October 28, 2016 by Canadian UnderwriterThe Co-operators General Insurance Company posted $16.3 million in consolidated net income for 2016 Q3 compared to a net loss of $21.4 million in the prior-year quarter. “During the quarter, there were no material changes to the company’s estimated net…
Port in a Storm
June 1, 2016 Tracy MacDonald, Vice President, Corporate Services, Trillium Mutual Insurance CompanyFarm portals are an example of an underserved market. Although the number of farms has declined, with the right investment in technology, including in portals, the farm insurance business holds considerable promise for mutual and general insurers alike.