When it comes to broker-carrier interface technology, brokers want a clearer definition of what constitutes “real-time.”Brokers are expected to discuss and perhaps vote on a definition of “real time” while attending the Insurance Brokers Association of Canada (IBAC)’s annual general…
Hub International Limited (Hub) has acquired the shares of Sinclair Cockburn Financial Group (SCFG), a Toronto, Ontario-based insurance and financial services firm with approximately $11 million in annual revenues. Under the terms of the acquisition, Hub has acquired the property…
A key rainmaker in the insurance industry, Robert Clements, died of cancer at the age of 77 on Sept. 4.Clements was co-founder and non-executive chairman of insurance broker and risk management firm Integro, and most recently founded and was a…
Members of the insurance industry are reminding consumers to not drink and drive during the Labour Day holiday weekend.In British Columbia, on average there are approximately 1,725 crashes, 515 injuries and five fatalities over the Labour Day weekend, ICBC reports.Police…
Can-Sure Underwriting Ltd. has acquired Chutter Underwriting Services’ property division and its entire book of business.Bruce MacKinnon and John Woodcock, both partners at Chutter, will become members of Can-Sure’s senior management team.As of Sept. 1, 2010, all policy transactions are…
Ontario’s auto insurance reforms took effect on Sept. 1, and government and insurance industry groups are encouraging consumers to educate themselves about the new regime.The reforms change the standard, mandatory auto insurance benefits package so that medical, rehabilitation and attendant…
Independent adjusters should never make assumptions about coverage in a policy, John Farthing of Cunningham Lindsay International cautioned delegates attending the Canadian Independent Adjusters’ Association (CIAA)’s Annual Conference in Victoria, B.C. Any questions or doubts can be cleared up by…
Marsh Inc. appointed Jay Sharma to the newly created role of multinational client service director.In this role, Sharma will work with specialists in more than 100 countries to deliver solutions and service to Marsh clients.He will initially focus on Marsh’s…
Sedgwick Claims Management Services, Inc. expanded its professional liability business to include an errors and omissions claims management product for professional service organizations. The E&O specialists manage risks, resolve claims, and administers settlements for professional service providers facing allegations of…
The Canadian Radio and Telecommunications Commission (CRTC) decided its unsolicited telemarketing rules apply equally to insurance agents and brokers and investment and financial advisors. The commission’s Unsolicited Telecommunications Rules include the National Do Not Call List and the Automatic Dialing-Announcing…
The Autorité des marches financiers (AMF) has extended the transition period for the sale of replacement guarantees by two months to Sept. 30, 2010.As a result, the date set for full and final implementation of the new rules governing replacement…
Canadians appear to be very wary of using their mobile devices for making online purchases and conducting financial transactions, according to KPMG.In its report, Consumers & Convergence IV survey, KPMG compared the habits and concerns around the world regarding the…