Segment
Brokers
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…
Aviva Canada partners with Hagerty on classic car insurance program in New Brunswick
January 8, 2014 by Canadian UnderwriterAviva Canada has partnered with Hagerty, a Michigan-based provider of classic vehicle insurance to offer a classic car insurance program in New Brunswick. The new program is a specialized “Agreed Value” policy that differs from a regular auto policy by…
Atlantic Canada brokerage Macdonald Chisholm Trask joins BrokerLink
January 7, 2014 by Canadian UnderwriterMacdonald Chisholm Trask (MCT) Insurance, which has 18 offices in Atlantic Canada, announced Tuesday it will join BrokerLink. MCT, which specializes in personal, commercial, marine, special risks and program insurance, will continue to operate its offices under its current name.…
Atlantic brokerage Archway begins new year with two Halifax acquisitions
January 7, 2014 by Canadian UnderwriterArchway Insurance has entered 2014 with several new acquisitions in Halifax. Effective Jan. 3, the Amherst, N.S.-based brokerage purchased MacLaren Hebb and Faulkner Insurance, both of Halifax. Archway had previously announced the purchase of Basin Insurance, also of Halifax, effective…
Western Financial acquires full ownership of Falkins brokerage in southeastern B.C.
January 6, 2014 by Canadian UnderwriterWestern Financial Group Inc. announced Monday it has acquired full ownership of Cranbrook, British Columbia-based brokers Falkins Insurance Group Ltd. Falkins has 11 offices in southeastern B.C. The brokerage sells personal, travel, auto, and commercial insurance and operates its own…
Moves and Views
January 1, 2014 by Canadian Underwriter1 In December, On Side Restoration Services Ltd. announced that Amandio Contreiras [1] had been named the company’s new chief operating officer. Before joining On Side Restoration, Contreiras worked for 11 years at Reliance Comfort LP, holding roles such as…