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‘Business as usual’ for insurance intermediaries of Loblaw, Shoppers Drug Mart

July 16, 2013 Greg Meckbach, Associate Editor

No changes to insurance products have been announced in the wake of Loblaw Companies Ltd.’s proposed $12.4-billion acquisition of Shoppers Drug Mart Corp. Through its President’s Choice brand, Brampton, Ont.-based supermarket chain Loblaw sells home, auto, pet, travel, critical illness

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Ontario auto insurance rate filings approved decline 0.09% in Q2

July 15, 2013 by Canadian Underwriter

The rate filings for private passenger auto insurance in Ontario declined 0.09% in the second quarter of this year, based on the entire market, according to the province’s regulator. The Financial Services Commission of Ontario publishes rate filings that have

News AssociationsClimate ChangeInsuranceMergers and Aqcuisitions

New Alberta policies aim to mitigate future flood damage

July 15, 2013 by Canadian Underwriter

The Alberta government announced Sunday new policies intended to help residents pay for improvements to protect their homes against future flooding and to relocate to places outside flood fringe zones, as well as stopping future development approvals on floodways and

News InsuranceMergers and Aqcuisitions

Insurance industry on board with social media, but now needs to get it right

July 12, 2013 by Canadian Underwriter

The insurance industry seems to be getting on board with social media use, and is now shifting to getting it right, some industry experts say. Speaking recently at an Insurance Marketing and Communications Association event, Robert Hartwig, president of the

News Insurance

Lloyd’s launches new binding authority agreements

July 12, 2013 by Canadian Underwriter

Lloyd’s has completed an 18-month review of binding authority agreements in the market with the publication of three new wordings by the Lloyd’s Market Association. The new model agreements, down from the previous number of nine wordings from 2006, are

News AssociationsInsuranceMergers and Aqcuisitions

P&C industry responds, lends support following train disaster in Quebec

July 11, 2013 by Canadian Underwriter

The property and casualty industry is lending its support to both search efforts and insurance claims handling following the oil train disaster in Lac-Mégantic, Que., which killed at least 20 people and left dozens still missing. About 30 home and

News Climate ChangeInsuranceMergers and Aqcuisitions

Claims adjusters, cat response teams act following Toronto-area flooding

July 9, 2013 by Canadian Underwriter

Several independent claims adjusting firms are at the ready following the major rainfall and flooding that hit the Greater Toronto Area and other parts of southern Ontario on Monday. Granite Claims Solutions’ four offices in the GTA (in South Mississauga,

News AssociationsClimate ChangeInsuranceMergers and Aqcuisitions

Greater Toronto Area recovering after record rainfall, flooding

July 9, 2013 by Canadian Underwriter

The Toronto area is recovering after experiencing its rainiest day on record Monday, which caused flooding and power outages throughout the city and in other parts of the region.  Pearson International Airport reportedly recorded 126 mm of rainfall, beating out

News AssociationsInsuranceMergers and Aqcuisitions

IBC sets up on-site response following Quebec train disaster

July 8, 2013 by Canadian Underwriter

The Insurance Bureau of Canada has deployed an on-site response to Saturday’s train explosion disaster in Lac-Mégantic, Que. The IBC’s Community Assistance Mobile Pavilion provides disaster victims with insurance-related information. Most home and auto insurance policies will cover the material

News AssociationsInsuranceLegalMergers and Aqcuisitions

Ontario regulator launches auto insurance fraud hotline

July 8, 2013 by Canadian Underwriter

The Financial Services Commission of Ontario has launched a tip line for consumers to report suspected fraud related to auto insurance in the province. Consumers can call 1-855-5TIP-NOW or report through a website, www.fsco.gov.on.ca/TIPNOW. In both cases, they have the

News InsuranceMergers and Aqcuisitions

Insurer to pay out Alberta sewer backup claims, despite policy exclusion: report

July 5, 2013 by Canadian Underwriter

RBC Insurance will pay out claims related to sewer backup in the flood-hit areas of Alberta, despite its policies excluding that coverage, a Calgary newspaper reported Friday. According to a report from the Calgary Herald, some RBC Insurance policyholders will

News InsuranceMergers and Aqcuisitions

Manitoba’s Portage Mutual delivers eDocs to brokers

July 5, 2013 by Canadian Underwriter

Manitoba’s Portage Mutual Insurance is now offering eDocs capability for its broker partners, after more than a year of piloting and testing with its broker management system partners.  “Portage Mutual has been involved with the implementation of eDocs since March