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Heartland Farm Mutual

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Heartland Farm Mutual proposes merger with The Kings Mutual

January 18, 2021 by Jason Contant

Heartland 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

News CatastrophesInsurance

The ‘touchy topic’ in Canadian home insurance

September 6, 2018 by Greg Meckbach

Lack 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

News InsuranceLegislation / Regulation

Regulation suppressing required auto insurance rate increases

September 6, 2018 by Greg Meckbach

Some 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

News InsuranceLegislation / Regulation

Insurer CEO to personally visit FSCO asking for higher rates

August 30, 2018 by Greg Meckbach

The 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

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Small Canadian mutual insurers ‘may not realize’ all benefits of demutualization: A.M. Best

September 1, 2017 by Canadian Underwriter

While 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