News

The Women in Insurance Cancer Crusade (WICC) Ontario chapter is launching a fundraiser with the aim to turn loose change into cancer research.The “Change for Change” initiative kicks off on January 1, and will run through March 31. The concept…

Gore Mutual Insurance Company is offering more than 50,000 free taxi rides this New Year’s Eve to their auto policyholders, the company recently announced.“Community and road safety is a shared responsibility, and the taxi offer program is an excellent safety…

Hub International Limited (NYSE:HBG)(TSX:HBG) plans to accelerate its penetration of the transportation insurance market by acquiring Vermont-based Coburn Insurance Agency, Inc. Coburn, a broker earning US$9 million in revenue, has entered into a letter of intent with Hub International Transportation…

The Canadian government has petitioned the U.S. Federal Motor Carrier Safety Administration (FMCSA) to allow Canadian trucking insurers to underwrite Canadian carriers operating south of the border without having to link with an American counterpart, according to a report by…

U.S. brokers “have largely put the issues from recent regulatory investigations behind them,” according to Fitch Ratings, which assigned a stable outlook to the U.S. insurance broker industry.In a recent industry outlook, Fitch noted that: “although near-term profitability [in the…

The General Insurance OmbudService (GIO) has announced the appointments of Brigid Murphy and Charles Reid to the organization’s board of directors. Murphy is currently senior vp with the Dominion of Canada General Insurance Company in Toronto, Ontario and brings more…

SAS has ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report. The report is an overall assessment of the risk technology vendors. It examines each vendor’s functionality, core technology, organization strength, customer…

Trisura Guarantee Insurance Company has expanded into Quebec with the launch of its Montreal office. The new location will be headed-up by Jose Levesque, manager of corporate risk, and Jean-Franois Therrien, manager of surety.Levesque is responsible for underwriting and marketing…

The Insurance Council of B.C. is already underway with a new, continuous licensing system for B.C. brokers.Under the new system, licenses will no longer expire and all brokers will have a common annual filing date. The system will be fully…

The Co-operators Group Ltd. has expanded its membership, welcoming Keystone Agricultural Producers (KAP) of Manitoba.The Co-operators board of directors approved KAP’s application on Dec. 1, expanding to 34 the number of Canadian organizations that are member-owners of the group of…

The last time U.S. property and casualty insurers posted underwriting profitability of the scale witnessed in 2006, Jonas Salk unveiled his polio vaccine in 1953 and Sir Edmund Hillary became the first man to successfully climb Mount Everest, according to…

Moody’s Investors Service has changed its outlook on the ratings of The Hanover Insurance Group, Inc. (NYSE: THG) and its subsidiary, Hanover Insurance Company, to positive from stable.“The positive outlook reflects stronger risk-adjusted capitalization, improving underwriting results, and more stable…