Segment
Brokers
Quebec brokers say proposed regulation to ensure transparent disclosure of billing for fees is redundant
November 16, 2011 by Canadian UnderwriterThe Regroupment des cabinets de courtage d’assurance du Québec (RCCAQ), a Quebec insurance broker association, says an amendment to regulations recently proposed by the province’s insurance regulator will simply duplicate existing standards governing transparent disclosure of billing for fees.The Autorité…
Real estate brokers should not be allowed to act simultaneously as insurance representatives: Quebec brokers
November 16, 2011 by Canadian UnderwriterQuebec insurance brokers have expressed concern to the province’s insurance regulator, the Autorité des marchés financiers (AMF), about a proposed amendment to regulations that would allow real estate brokers to act simultaneously as insurance representatives. Specifically, the Regroupment des cabinets…
York Fire re-brands itself as Unica Insurance Incorporated
November 14, 2011 by Canadian UnderwriterYork Fire & Casualty Insurance Company has become Unica Insurance Incorporated and will operate under the Unica brand name, the company announced on Nov. 14.The re-branding of York represents a milestone in the reinvention of the company since its acquisition…
IBAO announces 2011 Awards of Excellence
November 14, 2011 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) has presented its 2011 Awards of Excellence recognizing prominent insurance brokers and brokerages throughout Ontario. The awards were presented at the IBAO’s 91st Annual Convention in Toronto.The winners of the 2011 IBAO Awards…
IBAO launches mobile service for its members
November 10, 2011 by Canadian UnderwriterInsurance Brokers Association of Ontario (IBAO) launched a mobile service for its members to assist with productivity and keep brokers organized while on the go. The new service, called ‘hereiam,’ allows brokers to:•Listen and compose emails while driving. The hereiam…
B.C. insurance agent’s license suspended for two years due to misuse of ICBC insurance decal
November 8, 2011 by Canadian UnderwriterThe Insurance Council of British Columbia has suspended the license of insurance agent April Dawn Fraser for two years after finding that she had misused an ICBC insurance decal for her own personal benefit.Fraser had allowed her car insurance to…
iClarify Services now available in Atlantic Canada
November 7, 2011 by Canadian UnderwriterSCM Risk Management Services (RMS) has launched iClarify Services in Atlantic Canada for more than 150 brokerages. This is part of a national rollout, with an anticipated completion by the end of Q4. Combining unique, proprietary data derived from the…
Insurance sector positioned for surge in demand: Willis
November 3, 2011 by Canadian UnderwriterThe stability of the global insurance sector and its ability to absorb massive catastrophe losses could signal a sharp increase in demand in the near future, Willis suggested in a report. In its report, Marketplace Realities: Solid Footing and a…
Western Financial acquires Saskatchewan brokerage
November 3, 2011 by Canadian UnderwriterWestern Financial Group has acquired Watrous Insurance Brokers Ltd. in Watrous, Saskatchewan. The Watrous brokerage, which has been serving the community since 1989, will now operate as a Western Financial Group office. The Western office will remain at 107 Main…
The Dominion issues bulletin clarifying position on tech issues
November 1, 2011 by Canadian UnderwriterThe Dominion has sent out a bulletin to brokers indicating the company’s support for e-document technology and the data exchange project launched by the Insurance Brokers Association of Canada (IBAC).“The broker-company technology touch point is an area that has seen…
LARAQ elects new board of directors
November 1, 2011 by Canadian UnderwriterL’Association de la relève en assurance du Québec has elected a new board of directors.The new board consists of: •Mathieu Brunet (chair);•Anne-Marie Deschênes;•Caroline Cormier;•Andréanne Paquet;•Vincent Lessard-Phillips;•Genevieve Ducharme;•Benoit Tessier;•Marie-Josée Lefebvre;•Mathieu Villemure; and•Michael Leveille. “With our new team, LARAQ will continue its…
The Long Arm of the Law
November 1, 2011 Vanessa Mariga, Associate EditorPrivacy breaches, the extension of the U.S. regulator’s reach into Canada and expansion of the municipalities’ responsibility to pay for the mistakes of “ordinary drivers” made headlines at RIMS.