Canadian Underwriter

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Registered Insurance Brokers of Ontario

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Why this purported ‘brokerage’ website caught RIBO’s eye

May 30, 2021 by Greg Meckbach

Hidden Ace Brokerage, which purports to be “fighting high insurance rates” in the greater Toronto area, and says it “takes pride in delivering the quotes that insurance companies don’t want you to see,” is not authorized to place home or

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

BIP Talk aims to let brokers ‘better understand’ underlying problems with Ontario auto insurance: Forgeron

August 25, 2017 Greg Meckbach, Associate Editor

More than four months after the release of David Marshall’s report on auto insurance, Insurance Bureau of Canada’s president and chief executive officer is hoping Ontario’s brokers will “add their voice” to calls from the industry to “fundamentally overhaul” auto

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Loblaw to keep operating PC Financial home & auto brokerage after ending banking relationship with CIBC

August 17, 2017 by Canadian Underwriter

PC Financial Insurance Broker Inc. – which places home and auto insurance in Ontario, Alberta and Atlantic Canada – will continue to be owned and operated by grocery and drug retailer Loblaw Companies Ltd., a PC Financial spokesperson told Canadian Underwriter Wednesday.
President’s Choice Bank, a Loblaw unit, announced Wednesday it has ended its 20-year relationship with the Canadian Imperial Bank of Commerce.
“Everyday banking products, including savings, chequing and mortgage accounts, previously offered under the President’s Choice Financial brand will continue to be provided by CIBC, under new branding…

News InsuranceLegalTechnology

Unlicensed entity selling false proof of auto insurance: FSCO

April 5, 2017 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers that an organization known as Switzerland Imperial Bank AG, or S I B AG Corporation, is not licensed to conduct insurance business in Ontario. “Switzerland Imperial Bank

News InsuranceLegal

FSCO issues warning over mail scam conducted by unlicensed insurance company

February 10, 2017 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers about a mail scam conducted involving an unlicensed insurance company called TD Insurance, Melohre Mannex. “Although this company may have a similar name to a licensed insurance company,

News InsuranceProfessional Development

triOS College to offer new P&C insurance diploma in spring

January 23, 2017 by Canadian Underwriter

triOS College Business Technology Healthcare announced on Monday that it will be introducing a new insurance diploma and insurance specialist diploma program beginning in the spring of 2017. The program is designed to address the huge need for individuals to

News InsuranceMarkets / CoveragesProfessional Development

RIBO overhauls spot check program to include consideration of conduct requirements, expectations: Hitchlock

November 10, 2016 Angela Stelmakowich, Editor

The Registered Insurance Brokers of Ontario (RIBO) has embarked on a major overhaul of its spot check program with the twin goals of promoting better consumer protection and improved broker risk management, says Norma Hitchlock, RIBO’s outgoing president. While the

News InsuranceLegal

FSCO issues warning about mail scam conducted by Prudential Financial Clearing Services

August 30, 2016 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) is warning consumers about a mail scam conducted by an unlicensed company, Prudential Financial Clearing Services. This company has issued notices advising recipients that they are among the winners of a U.S. Telecommunication

Feature InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

Privacy Matters

April 1, 2016 Brenda Rose, Vice President and Partner, FCA Insurance Brokers and Technology Champion, Insurance Brokers Association of Canada

Brokers clearly understand the need to respect customer privacy. With the passage of the Digital Privacy Act, that responsibility continues, but a few new ones have been added. Brokers should have a plan, choose partners wisely and identify potential liabilities.