Economical Insurance of Waterloo, Ont. announced Monday the sale of the principal operating assets of Seattle-based Mattei Insurance Services Inc. The sale, to Alteris Insurance Services Inc., is aligned with Economical’s “ongoing preparations for demutualization,” chief financial officer Philip Mather…
Economical Insurance of Waterloo, Ont. has added the Insurance on Demand web service to its corporate website but the Insurance Brokers Association of Ontario (IBAO) says it is opposed to company portals and company mobile apps. IOD was originally announced…
Auto repair company CARSTAR has renewed its first ever franchise relationships for another 20 years, the Hamilton, Ont.-based company announced Oct. 12. During the 1980s, both Domenic Lucarelli and Sam Saputo were employees of CARSTAR president and CEO Sam Mercanti,…
Software vendor Policy Works Inc.’s iPad application, Policy Works Producer, is now available for download from Apple’s App Store. The app, released selectively in March, is designed for “commercial lines insurance producers working in the field,” according to the company,…
Global reinsurer PartnerRe Ltd. is expecting a net charge of about $63 million related to losses within its North American agriculture business in the third quarter of this year, mainly due to severe drought in the United States. The net…
Fairfax Financial Holdings Ltd. of Toronto announced Friday its RiverStone runoff subsidiary has completed the acquisition of London-based Brit Insurance Ltd. Last June, Manchester, N.H.-based RiverStone reached an agreement to purchase all outstanding shares of Brit from Brit Group. At…
Crawford and Company Canada has launched its Contractor Connection repair network service for its United Kingdom-based R J Kiln and Co. Ltd. business, effective Nov. 1. Contractor Connection is a managed repair vendor network available to insurers for residential and…
Insurance buyers will face a “complex marketplace” in 2013, with property and casualty rates mainly flat or decreasing with a few exceptions, predicts a new report from global insurance broker Willis Group Holdings. This year has been one of recovery…
Global casualty insurance rates and property insurance rates for American firms rose during the third quarter of this year while competition for natural catastrophe insurance is intense for mid-sized energy projects, according to a recent report published by Marsh Inc.…
Basic recovery assistance will be available to homeowners, business owners and not-for-profit organizations in central Nova Scotia affected by flooding in the wake of heavy rains on Sept. 9 to 11 that accompanied Tropical Storm Leslie. Leslie made landfall in…
The massive safety recall issued by Toyota Motor Corp. on Oct. 10 affects about 240,000 vehicles in Canada, out of about 7.4 million globally. The recall relates to a problem with the power window master switch that could become “sticky”…
The United States government is warning drivers about counterfeit airbags that are a serious safety risk. The Department of Transportation’s National Highway Traffic Safety Administration (NHSTA) issued a warning about counterfeit airbags used as replacement parts in vehicles that have…