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Heartland Farm Mutual

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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