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N.B. brokers want competitive market

April 13, 2004 by Canadian Underwriter

Reacting to the release of New Brunswick’s Select Committee Report on Public Automobile Insurance, the province’s brokers say they want to keep competition for their consumers.The Insurance Brokers Association of New Brunswick (IBANB) is critical of the committee’s report, saying

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CCIR releases “referral agreement” feedback

April 8, 2004 by Canadian Underwriter

The Canadian Council of Insurance Regulators (CCIR), coming off their spring meetings, has released feedback on the January discussion paper on referral agreements. Among the respondents is the Registered Insurance Brokers of Ontario (RIBO), which outlined its policy on referral

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Proposal would see “sole occupation” rules loosened for agents

April 7, 2004 by Canadian Underwriter

In a discussion paper, the Financial Services Commission of Ontario (FSCO) is looking at loosening the “sole occupation” restriction on general and life agents.The restrictions mean that agents in bigger communities must be full-time agents and not hold other jobs.

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Brokers in demand more than ever: Swiss Re study

April 7, 2004 by Canadian Underwriter

Commercial and reinsurance brokers are facing an increasing demand for their services, in light of the growing complexity of risks, according to the latest Swiss Re sigma study.The study looks at development of the broker market over the past 20

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Western Financial net income up 37% for 2003

April 6, 2004 by Canadian Underwriter

Net income for brokerage and bank Western Financial Group (TSX: WES) was up 37% in 2003, to $2.1 million from $1.6 million in 2002, being its own projections. This translates to earnings per share of $0.11 last year, versus $0.08