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News Insurance

Insurers, municipality clash over 87.5% increase in collision towing fees

July 14, 2022 by Jason Contant

Insurance Bureau of Canada (IBC) is expressing “serious concern” after Mississauga, Ont.’s city council approved an 87.5% increase to towing fees for consumers who need a tow to a Collision Reporting Centre (CRC). The City of Mississauga defended the increase

News Claims

Fifteen injured in Toronto area improvised explosive device attack

May 25, 2018 Liam Casey - THE CANADIAN PRESS

MISSISSAUGA, Ont. – Police are actively hunting for two suspects believed to be behind an explosion that rocked an Indian restaurant west of Toronto, sending 15 people to hospital, the chief of the investigating force said Friday. Jennifer Evans of

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Insurance industry ‘struggling to be more agile:’ analytics summit speaker

July 7, 2017 Greg Meckbach, Associate Editor

Insurance providers need to use technology to improve their customers’ experience, but sometimes regulation gets in the way, speakers suggested at a recent conference. The insurance industry is “struggling to speed up the process of being more agile,” said Paul

News InsuranceMergers and AqcuisitionsProfessional Development

Ontario-based MGAs Excess Underwriting and Towerhill Insurance Underwriters merge

November 3, 2016 by Canadian Underwriter

Excess Underwriting and Towerhill Insurance Underwriters Inc., both coverholders at Lloyd’s, announced on Thursday that they have merged effective Nov. 1. The companies will serve their broker partners as Excess Underwriting operated by Towerhill Insurance Underwriters Inc., said a joint

News InsuranceMergers and AqcuisitionsProfessional Development

Toronto-based Moore-McLean Insurance Group acquires Hallmark Insurance Group of Companies of Markham, Ont.

October 28, 2016 by Canadian Underwriter

Toronto-based Moore-McLean Insurance Group Ltd. announced on Friday that it has acquired the assets of Markham, Ont.-based Hallmark Insurance Group and its family of companies. Beginning Oct. 28, they will form McLean Hallmark Insurance Group Ltd., and McLean Hallmark Financial

News CatastrophesInsuranceMergers and Aqcuisitions

Unica Insurance launches single-solution coverage for water damage losses in Ontario

October 5, 2016 by Canadian Underwriter

Mississauga, Ont.-based Unica Insurance announced on Wednesday the launch of WATERtight protection, what it is calling “a comprehensive solution for water damage losses.” WATERtight protection is a single-product offering that provides coverage for damage caused by overland flooding, ground water,

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Vericlaim Canada acquires RGM Claims Services

September 1, 2016 by Canadian Underwriter

Vericlaim Canada – a subsidiary of Sedgwick Claims Management Services, Inc. – announced on Thursday that it has acquired the assets of RGM Claims Services, Inc. Mississauga, Ont.-based Vericlaim Canada is a national provider of loss adjusting and claims management

News Mergers and Aqcuisitions

Dozens of families still displaced after fatal house explosion west of Toronto

July 5, 2016 Paola Loriggio - THE CANADIAN PRESS

Dozens of families were still unable to go home Monday as investigators worked to determine what caused an explosion west of Toronto that killed two people and injured nine others last week. Firefighters said 69 families – including 32 living

News ConstructionInsuranceLegalMergers and Aqcuisitions

Police say Mississauga house explosion now a criminal investigation

June 30, 2016 Madeline Smith - THE CANADIAN PRESS

TORONTO – A house explosion west of Toronto that killed one woman this week is now a criminal investigation, but investigators aren’t ruling out the possibility that it was an accident. Peel Regional Police Sgt. Josh Colley said the home