Segment
Brokers
HUB International Phoenix Insurance Brokers inks exclusive agreement with two Western new home warranty companies
October 17, 2011 by Canadian UnderwriterHUB International Phoenix Insurance Brokers and Progressive Home Warranty (PHW) are joining forces in an exclusive agreement that will see HUB International Phoenix Insurance Brokers offer commercial and personal insurance with group rates to all members of Pacific Home Warranty…
ADS Forensics launches IRB Policy Limit calculator for brokers
October 13, 2011 by Canadian UnderwriterIn order to help brokers determine whether a client requires standard coverage or increased coverage, ADS Forensics is releasing an Income Replacement Benefit (IRB) Policy Limit calculator. The calculator, available at no cost, will allow brokers to determine whether an…
Pembridge earns Interface Partner Award
October 13, 2011 by Canadian UnderwriterPembridge Insurance Company was honoured with the 2011 Interface Partner Award. Applied Systems presented the award to honour achievements in, and dedication to, real-time communication. Pembridge was recognized for interface advancements in download and real-time rating for the “Broker Connectivity”…
It’s official: Banks now banned from promoting non-authorized insurance on their Web sites
October 12, 2011 by Canadian UnderwriterCanada’s new regulations prohibiting banks from promoting unauthorized insurance products and services on their Web sites are now official.The regulations came into force with very few amendments to the pre-published draft of regulations posted for public comment on Feb. 12,…
Policy Works and The Dominion to deliver integrated commercial lines data exchange solution by the fall of 2012
October 10, 2011 by Canadian UnderwriterPolicy Works Inc. has entered into an agreement with The Dominion of Canada General Insurance Company (The Dominion) to deliver a commercial lines data exchange solution for small commercial business, integrating Policy Works’ Commercial Management System (CMS) and The Dominion’s…
Western Financial acquires Border Bannatyne Insurance
October 7, 2011 by Canadian UnderwriterWestern Financial Group has acquired Saskatchewan-based Border Bannatyne Insurance.The Estevan, Saskatchewan-based brokerage has been in operation since 1920 and will now operate as a Western Financial Group office with the same local staff. “This is another great addition to our…
RIBO reminds brokers to use proper names in social media
October 5, 2011 by Canadian UnderwriterThe Registered Insurance Brokers of Ontario (RIBO) is reminding brokers that the name or identity they use to market themselves or their business on social media sites must match the registered name of the individual broker or the business being…
Hub snaps up Coastal Insurance Services in B.C.
October 3, 2011 by Canadian UnderwriterHub International Limited (Hub) has announced that its Hub International TOS (Hub TOS) British Columbia operating unit has acquired the shares of Coastal Insurance Services Ltd. (Coastal).Coastal is a Port Moody, British Columbia (B.C.)-based insurance brokerage firm that has specialized…
MarketPlace
October 1, 2011 by Canadian UnderwriterClaims Hurricane Irene blows through Quebec and Maritime provinces The verdict is still out on insured losses caused by Hurricane Irene’s three landfalls, but loss estimates for the Caribbean range as high as $1.1 billion. The remnants of Hurricane Irene,…
A.M. Best Company’s Insurance Market Briefing
October 1, 2011 by Canadian UnderwriterA.M. Best Company’s 2011 Insurance Market Briefing-Canada was held in Toronto on Sept. 8. More than 250 insurance executives attended to hear A.M. Best rating analysts discuss the impact of current economic conditions and rating trends on members of the…
Destiny’s Broker
October 1, 2011 David Gambrill, EditorRick Orr, president- elect of the IBAO, has a family tradition in the broker business that traces back to the late nineteenth century.
Power and Responsibility
October 1, 2011 Bryan Yetman, Chair, Insurance Brokers Association of OntarioOntario’s regulator has given the insurance industry new powers in the fight against auto insurance fraud, and insurers will need to use them responsibly.