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Industrial Alliance

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New president at Industrial Alliance Auto and Home

September 10, 2019 by Greg Meckbach

Quebec’s eighth largest property and casualty insurer has a new president. François Blais is now president of Industrial Alliance Auto and Home Insurance and Prysm General Insurance, parent company iA Financial Corporation Inc. announced Tuesday. Blais, who joined Industrial Alliance

News InsuranceMarkets / CoveragesProductsTechnology

Regulator challenges rosy telematics picture

December 2, 2017 Greg Meckbach, Associate Editor

Canadian auto insurers have been using telematics to gather data on driving behaviour for years, with one insurer having billions of miles’ worth of data, but it remains debatable whether pay-as-you-drive technology actually reduces insured losses. Claims costs “could conceivably

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Industrial Alliance net income reaches $155 million in Q4 2016 from $4.2 million in Q4 2015

February 16, 2017 by Canadian Underwriter

Industrial Alliance Insurance and Financial Services Inc. has reported a net income attributed to common shareholders of $155 million in the fourth quarter of 2016 ending Dec. 31, up dramatically from net income of $4.2 million in the same quarter

News InsuranceLegalLegislation / Regulation

Nova Scotia court ruling reducing punitive damage award by 88% for insurer’s breach of good faith against insurer stands

May 12, 2016 by Canadian Underwriter

For the second time in three weeks, the Supreme Court of Canada announced it is not hearing an appeal – from a plaintiff suing an insurer for breach of contract – of a ruling significantly reducing punitive damages against a