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Heartland Farm Mutual
Where to find new capacity for snowmobiles and other vehicles
February 3, 2022 by Alyssa DiSabatinoHeartland Farm Mutual Inc. is entering the Nova Scotia marketplace for miscellaneous vehicles (i.e., all-terrain vehicles, motorhomes, snow vehicles and trailers) and will adopt the rates and risk-classification system used by IAO. Nova Scotia Utility and Review Board (NSUARB) approved…
Change of plans for executive lineup at Heartland following Kings merger
April 27, 2021 by Greg MeckbachKings Mutual CEO Cara Cameron is not staying on after the Nova Scotia-based insurer merges with Heartland Farm Mutual Inc. If approved by regulators, the Kings-Heartland deal, initially announced on Jan. 18, will take effect June 30. The merger was…
Heartland Farm Mutual proposes merger with The Kings Mutual
January 18, 2021 by Jason ContantHeartland Farm Mutual Inc. and The Kings Mutual Insurance Company have reached an agreement to merge under the name Heartland Farm Mutual Inc. Waterloo, Ont.-based Heartland Farm Mutual and Berwick, N.S.-based The Kings Mutual Insurance Company announced the proposed merger…
The ‘touchy topic’ in Canadian home insurance
September 6, 2018 by Greg MeckbachLack of flood coverage in high-risk areas raises the controversial question of whether owners of high-risk properties should have their insurance premiums subsidized. Overland flood coverage was generally unavailable on home insurance policies in Canada until 2015. Now dozens of…
Regulation suppressing required auto insurance rate increases
September 6, 2018 by Greg MeckbachSome Canadian auto insurers would hike rates even further if provincial bureaucrats would let them, a New Jersey-based analyst said Wednesday at A.M. Best’s 2018 Insurance Market Briefing-Canada in Toronto. In a recent report, A.M. Best Company Inc. warned of…
Insurer CEO to personally visit FSCO asking for higher rates
August 30, 2018 by Greg MeckbachThe newly-elected Ontario government should let carriers change their rates without approval from the Financial Services Commission of Ontario, the president of a mutual that writes auto contends. It “makes sense” to require insurers to file rates with FSCO “but…
Small Canadian mutual insurers ‘may not realize’ all benefits of demutualization: A.M. Best
September 1, 2017 by Canadian UnderwriterWhile Economical Insurance plans to submit next year a conversion proposal outlining a proposal to demutualize, if a smaller mutual property and casualty insurer were to go through the same process as Economical, it “may not realize the benefits when…