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iv3 Solutions teams up with Altus Group to bring residential replacement cost solution to Canadian market

January 18, 2010 by Canadian Underwriter

iv3 Solutions has teamed up with Altus Group (TSX: AIF.UN) to bring a residential replacement cost toolset to the Canadian marketplace in early 2010.iv3 Solutions has also launched residential inspection management services and loss control solutions to the North American

News Insurance

Feds plan to address insurance promotion on bank Web sites “in the near future”: Flaherty

January 18, 2010 by Canadian Underwriter

Bankers and insurance brokers alike can expect to see a formal government proposal “in the near future that addresses insurance promotion on bank Web sites, according to Finance Minister Jim Flaherty.Flaherty raised the issue briefly in a Jan. 15 speech

News InsuranceLegal

Part XIII amendments not likely to change the amount of “unlicensed” insurance in Ontario: RIBO

January 7, 2010 by Canadian Underwriter

Contrary to its initial expectations, Registered Insurance Brokers of Ontario (RIBO), the self-regulating body of Ontario’s insurance brokers, says the Part XIII amendments to the federal Insurance Companies Act (ICA) will not likely change the amount of “unlicensed” insurance written

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (December 21, 2009)

December 21, 2009 by Canadian Underwriter

Cunningham Lindsey has launched Cunningham Lindsey Research Services (CLRS).CLRS provides intelligence gathering, special investigations and surveillance services to assist in the adjudication of insurance claims.“From researching background information and verifying details, to gathering video surveillance and conducting interviews, the services

News Insurance

Marsh to acquire HSBC Insurance Brokers Ltd.

December 18, 2009 by Canadian Underwriter

Marsh has reached an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of HSBC Bank. Under the terms of the agreement, Marsh will acquire HIBL in consideration of £135 million, comprising a mixture of Marsh &

News InsuranceLegal

Ontario broker working under son’s name has license revoked

December 15, 2009 by Canadian Underwriter

Ontario’s broker regulator has revoked the license of Brampton insurance broker Mustapha Kassab, who had been representing himself for close to six years under the assumed name of his son, “Hadi.”The Registered Insurance Brokers of Ontario (RIBO) made its decision

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (December 10, 2009)

December 10, 2009 by Canadian Underwriter

Gore Mutual Insurance Company is offering more than 70,000 free taxi rides on New Year’s Eve to their Ontario automobile clients. “Road safety is the number one concern for many citizens,” Matthew Torigian, Waterloo Regional Police chief, said in a

News InsuranceLegal

Citing feds’ proposal to ban insurance sales on bank Web sites, bankers’ association calls for improved dialogue with legislators

December 8, 2009 by Canadian Underwriter

The Canadian Bankers Association (CBA) is cautioning Canadian legislators not to “get caught up in a wave of ‘regulation-mania’” in the wake of the financial crisis, later telling the media that one example would be Finance Minister Jim Flaherty’s efforts

News InsuranceMarkets / Coverages

What’s New: In Brief (December 08, 2009)

December 8, 2009 by Canadian Underwriter

The composite rate for commercial property and casualty insurance in the United States was down 5% for Nov. 2009, MarketScout reports.The soft market may be prolonged if mega-brokers begin to acquire small- and middle-market brokerages, MarketScout says in its online

News InsuranceLegalMergers and Aqcuisitions

Ont court rules banks promoting or selling insurance not immune to provincial legislation

December 7, 2009 by Canadian Underwriter

Ontario banks that promote or accept applications for insurance products are subject to the provincial Insurance Act, Ontario’s Superior Court of Justice has ruled.In Royal Bank of Canada v. Salih and Mirsada Mujagic, Salih and Mirsada Mujagic alleged that RBC

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (December 07, 2009)

December 7, 2009 by Canadian Underwriter

The Autorité des marchés financiers (AMF) has launched a program to audit compliance with the use of the Fichier central des sinistres automobiles (FCSA), an automobile claims database. The new program will come into effect on Jan. 1, 2010. Established

News Insurance

Trend towards higher property rates disappearing: Aon

December 2, 2009 by Canadian Underwriter

The end of 2009 presents a very different property market landscape than at  the beginning of 2009, with the trend toward higher property rates largely disappearing in 2009 Q3, Aon reports.In its Quarterly Market Overview: Summary and Forecast, Aon examines