Segment
Brokers
Western Financial Group acquires Victoria-based insurance brokerage
May 18, 2012 by Canadian UnderwriterWestern Financial Group has completed its first acquisition in British Columbia’s capital with the purchase of Hodges & Company Insurance Services Ltd. “After establishing Western in other parts of the province, it is truly exciting to see our name in…
Establishing a multi-year government captive program in the context of an annual budget appropriation cycle
May 18, 2012 by Canadian UnderwriterHow do you establish and operate a multi-year government captive insurance program within the context of a government’s annual budget appropriation cycle? This was the biggest challenge in establishing the British Columbia government’s risk-pooling programs through a captive, said Phil…
Aviva Canada offers “Pre-fill” quoting solution for brokers in Ontario, Alberta and Atlantic Canada
May 16, 2012 by Canadian UnderwriterAviva Canada is introducing Compu-Quote’s “Pre-fill” solution to brokers in Ontario, Alberta and Atlantic Canada that use their comparative rating solution. The application is designed to increase the speed of data entry in the quoting process for more than 600…
Lloyd’s charts bold growth plan to 2025
May 14, 2012 by Canadian UnderwriterOne of the most recognizable brands in insurance is launching an ambitious strategy to become a “global hub for specialist insurance and reinsurance” over the next decade. Vision 2025 is Lloyd’s plan to “truly internationalize the Lloyd’s underwriting community” by…
Opportunity exists for B.C. condo unit owners to challenge fairness of deductible downloading bylaws
May 11, 2012 by Canadian UnderwriterB.C. condo unit owners have yet to take a run at challenging the fairness of deductible downloading bylaws of strata corporations, although case law seems aligned for such an opportunity. Krista Prockiw of Alexander Holburn Beaudin & Lang LLP mentioned…
Applying insurance deductibles to a condo building infested with marijuana grow-ops
May 11, 2012 by Canadian UnderwriterHere’s a quick math question for strata insurance experts: If there is a $50,000 policy deductible for each “occurrence” of illegal drug activity losses, and 29 out of 90 condo units in a single building are damaged because of marijuana…
B.C.’s auto insurer commits to consulting with brokers about risk-based pricing
May 10, 2012 by Canadian UnderwriterBritish Columbia’s public auto insurer, the Insurance Corporation of B.C. (ICBC), has committed to consulting with the province’s brokers about a proposed shift to risk-based auto insurance pricing. The move represents one peg of ICBC’s much broader plan to modernize…
Alberta eager to import Ontario brokers’ forthcoming mobile app
May 10, 2012 by Canadian UnderwriterThe Insurance Brokers Association of Alberta (IBAA) intends to import Ontario’s forthcoming broker mobile application technology to its home province. “At our annual general meeting [on May 6-9], our members definitely voted to be one of the first to sign…
Nova Scotia brokers want to put the onus on oil companies for oil tank maintenance, replacement
May 10, 2012 by Canadian UnderwriterNova Scotia brokers are tired of playing the role of a “regulator” when it comes to policyholders’ oil tanks, and want oil companies to assume responsibility for properly maintaining the tanks. “We seem to be the regulator,” Richard Bishop, president…
Creating transparency in the Canadian insurance market
May 2, 2012 by Canadian UnderwriterInsureEye Inc. has introduced an online service intended to enhance transparency and provide consumers with a sneak peek at reviews for home, auto and life insurance. Touted as a first in Canada, the independent and consumer-driven tool was rolled out…
Duty to Disclose
May 1, 2012 The CIP Society, Insurance Institute of CanadaSound business decisions may not always bode well for client relations, and when they don’t, is the broker duty-bound to tell the client?
Moves & Views
May 1, 2012 by Canadian Underwriter1 On Side Restoration Services Ltd. is continuing to expand, most recently opening its doors in Atlantic Canada. The company acquired A&R Services Ltd. on Apr. 1, completing On Side’s stretch from coast to coast. “This is the first acquisition…