Segment
Brokers
Aviva Canada announces winners of Aviva Community Fund competition
January 29, 2014 by Canadian UnderwriterAviva Canada has announced the 10 grand prize winners of the 2013 Aviva Community Fund, a competition among various community initiatives across the country. The winners were selected by a panel of independent judges after millions of votes were cast…
Telematics gives brokers opportunities to offer advice but may need a ‘disable creep stalk’ function
January 24, 2014 Greg Meckbach, Associate EditorTelematics is going to change the way auto insurance is offered, and the technology gives brokers plenty of opportunities to offer advice to consumers, according to speakers at Thursday’s P&C Crystal Ball conference who are using pilot versions of the…
Ontario auto one factor in State Farm’s sale to Desjardins, industry CEO suggests
January 24, 2014 Greg Meckbach, Associate EditorThe Ontario government’s stance on auto insurance continues to inject uncertainty into the market and is one reason State Farm agreed to sell its Canadian operations to Desjardins Group, according to speakers at Thursday’s P&C Crystal Ball conference in Toronto.…
Catastrophe losses drop for Travelers, while Dominion acquisition boosts premium revenue
January 21, 2014 by Canadian UnderwriterThe Travelers Companies Inc. released Tuesday its financial results for the quarter ending Dec. 31, reporting an increase in premium revenue due in part to The Dominion of Canada General Insurance Company acquisition. Travelers also recorded a 17-point drop in…
IBAO offers tips to protect homes from volatile winter weather
January 20, 2014 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) is advising Ontarians to ensure protective measures are in place to guard against property damage as temperatures are poised to plummet once again. Some parts of Ontario are forecast to experience temperature lows…
CSIO launches new mobile-friendly website
January 16, 2014 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) has unveiled a mobile website, live chat functionality and a redesigned, user-friendly “Broker Corner,” the organization announced Thursday. The site is now optimized for mobile devices with easy navigation and prioritized content…
Quebec insurers simplify auto insurance policy language
January 16, 2014 by Canadian UnderwriterThe Groupement des assureurs automobiles (GAA), an industry group in Quebec, has announced a new plain language auto insurance policy to take effect March 1. In 2010, GAA and Autorité des marchés financiers (AMF), the provincial regulator, began reviewing policies…
NDP says Liberals too slow to cut auto insurance rates after reducing benefits
January 16, 2014 THE CANADIAN PRESSTORONTO – Ontario’s New Democrats say the Liberal government is moving too slowly to cut auto insurance rates by 15 per cent, and warn they’ll remember that broken commitment at budget time this year. The province’s insurance regulator approved rate…
Ontario auto insurance rates dropped 4.66% on average since August, government says
January 15, 2014 by Canadian UnderwriterAuto insurance rates in Ontario have dropped 4.66% on average since August 2013, Ontario’s Ministry of Finance said Wednesday. Its announcement came a day after a news report citing unnamed sources that said rates had decreased 4% since the Liberal…
Desjardins Group to acquire State Farm Canada businesses
January 15, 2014 by Canadian UnderwriterDesjardins Group has entered into a definitive agreement to acquire State Farm Canada’s property and casualty and life insurance business, as well as its mutual fund, loan and living benefits companies. The transaction is expected to close in January 2015,…
Jones DesLauriers Insurance expands east with Whitley acquisition
January 10, 2014 by Canadian UnderwriterToronto insurance broker Jones DesLauriers Insurance Management Inc. announced this week it has acquired Whitley Insurance and Financial Services, effective Jan. 8. Whitley has an office in Belleville, Ontario – 170 kilometres east of Toronto – plus offices in the…
Premiums likely to rise as insurers forced to pay up for massive storms
January 8, 2014 Romina Maurino - THE CANADIAN PRESSTORONTO – Home owners should prepare to pay more for property insurance as the severe weather trend that has battered the country during the past year is expected to continue. ”There are more and more storms happening, and we’re seeing…