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News InsuranceLegalMergers and Aqcuisitions

FSCO issues warning of auto insurance scam, fake broker ads on Craigslist

June 12, 2013 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) is warning consumers that CC&B Group Inc. and Serafattin Solak are not licensed to do insurance business in the province and are connected to a fake auto insurance scam. Solak (also goes by the name “George”)

News Insurance

New Canadian association says there’s major opportunity in receivables insurance market

June 12, 2013 by Canadian Underwriter

Less than 1% of Canadian companies are currently using receivables insurance as part of their financial planning, creating a new opportunity for brokers, according to a new organization promoting the opportunity for such coverage. Less than 10,000 of Canada’s 1.1

News InsuranceMergers and Aqcuisitions

Travelers to acquire The Dominion of Canada for $1.1 billion

June 10, 2013 by Canadian Underwriter

Travelers Companies, Inc. has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited for approximately $1.1 billion in cash, subject to adjustment. The transaction is expected to close in 2013 Q4, subject to regulatory

News InsuranceMergers and Aqcuisitions

P&C insurers must factor demographics, socioeconomic trends into growth plans: report

June 6, 2013 by Canadian Underwriter

Property and casualty insurers in the United States need to consider some of the major demographic and socioeconomic trends happening in the country and factor them into their growth plans, notes a new report from research firm Conning. “The U.S.

News InsuranceMergers and Aqcuisitions

SGI launching telematics pilot program for motorcycle riders

June 4, 2013 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) is looking for a vendor to supply telematics technology for motorcycles for a planned pilot program. The insurer issued an Advance Contract Award Notice through SaskTenders on Tuesday looking for a vendor that can help shape

News InsuranceMergers and Aqcuisitions

Alberta brokerages form strategic alliance for entry into new markets

June 3, 2013 by Canadian Underwriter

Several independent brokerages in Alberta are partnering with Excel Insurance Group, an Edmonton-based firm, to gain access to more insurers and possibly work jointly on new business projects. Sheppard Insurance Service Inc., Dyberg Insurance Inc. and Treasures Insurance have all

News InsuranceLegalMergers and Aqcuisitions

Ontario auto insurance regulation changes take effect

June 3, 2013 by Canadian Underwriter

Several amendments to Ontario auto insurance regulation took effect June 1, including changes to the Unfair or Deceptive Practices regulation and to the Statutory Accident Benefits Schedule. Ontario Regulation 7/00, which is part of the Unfair or Deceptive Practices Act,

1b Jorge Arruda, chief transformation officer, Economical Insurance
Feature AssociationsMergers and Aqcuisitions

Moves and Views

June 1, 2013 by Canadian Underwriter

1 Economical Insurance announced in May that two vice-presidents, Dianna Fioravanti and Scott Campbell, have left the company to “pursue other endeavours.” Fioravanti was vice president of sales, distribution and underwriting operations, while Campbell was vice president for Ontario. Robert

Well in Hand
Feature Mergers and Aqcuisitions

Well in Hand

June 1, 2013 Angela Stelmakowich, Editor

There appears to be little argument: mobile devices have become a normal part of everyday life and incorporating their use into the business side of insurance is not only advisable for brokers, it is imperative. But are brokers ready to take a mobile leap toward real-world business applications? And what must be done to successfully ride the wave of customer expectations?

Catherine Smola, President and CEO, Centre for Study of Insurance Operations
Feature

Commercial Commitment

June 1, 2013 Catherine Smola

The importance of commercial insurance cannot be underestimated in the broker channel. Brokers need to reinforce and protect their commercial book of business with workflow efficiencies and technology advancements.

Patrick Durepos, President, Keal Technology
Feature

Getting Tech-Ready

June 1, 2013 Patrick Durepos

Brokers would be well-advised to pay close attention to a number of industry trends if they hope to thwart market share being lost to direct writers. It is essential to adopt technology solutions that allow brokers to capitalize on their biggest asset: being regarded as trusted advisors.

News AssociationsClimate ChangeInsuranceMergers and Aqcuisitions

Canadians unprepared for the effects of severe weather: poll

May 31, 2013 by Canadian Underwriter

The majority of Canadians are not prepared for the effects of severe weather, according to a national poll conducted by Pollara. Only 8% of respondents believe Canadians in general are very actively preparing for severe weather. Similar numbers say this