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Western Financial Group acquires Lacombe, Alberta insurance brokerage
Brown & Ward Insurance Ltd. will continue to operate in Lacombe under the Western Financial Group banner
Category: Canadian Insurance
Court orders Union of Canada Life to be liquidated
The Ontario Superior Court of Justice has ordered the winding-up of Union of Canada Life, saying that the life insurer has insufficient capital to ensure long-term viability
ICBC to change bonus system
“Given our recent financial performance and general economic conditions, we have taken proactive steps to adjust and add more rigor to our performance pay plan,” Adam Grossman, ICBC’s Senior Media Relations Advisor said
Canadian police to be trained on identifying, investigating staged collisions
The Insurance Bureau of Canada (IBC) and the Canadian Police Knowledge Network (CPKN) are sponsoring training so police officers across the country can learn more about staged accidents
Mondial Assistance Canada becomes Allianz Global Assistance
“We’re now excited to adopt the Allianz Global Assistance name in Canada as we continue to enrich, and care for, the brands of our partners,” says CEO Scott McKellar
Monique Leroux reelected as Chair of the Board, President and CEO of Desjardins Group
Leroux will begin her second and last mandate on March 31, 2012
Crawford & Company (Canada) appoints three in Claims, GTS divisions
Jules Giasson, Randy LaBrash and Shelley Upton-Landry assume new roles at Crawford & Company (Canada)
Staying competitive in the Canadian insurance industry
By ILSTV Staff on Jan 31, 2012 in Canadian Insurance
Canadian life and P&C insurers who focus on key areas may still be able to achieve growth despite the relatively flat economy, says Ernst & Young
ACE Canada names Steven Lucas Vice President, National Accounts
Lucas will be responsible for leading the business development strategy and will act as the principal contact for ACE Canada’s national account segment
Kingsway announces reverse stock split to remain compliant with NYSE
Under NYSE listing standards, the closing price of a stock cannot be under USD $1 for more than 30 consecutive trading days
Electrical issues put old churches at great risk for fire
Electrical issues are among the leading causes of fires in North America and that older churches – whether they were built with wood frames or as masonry buildings with wood joisted roofs – are particularly vulnerable, says Ecclesiastical Insurance
Canadian commercial insurance rates to remain stable, says Marsh
By ILSTV Staff on Jan 27, 2012 in Canadian Insurance
Many insurers continue to view Canada as a good place to do business, which has continued to fuel competition in the marketplace; however, mergers and reorganizations in the insurance industry could negatively impact available capacity in 2012
Worn extension cords cause cars to go up in flames
MPI’s fire experts say a cracked extension cord – or a block heater cord with a corroded plug – can sometimes lead to “electrical arching” which can quickly spark a fire
Aviva Canada announces recipients of the 2011 Aviva Community Fund
Twelve community initiatives will benefit from $1 million donation from Aviva Canada
Facebook brags lead to BC man’s insurance fraud confession
A Williams Lake man may be thinking twice about what he posts on social media websites after a series of Facebook posts and messages led to an ICBC fraud investigation
Glenn Williams appointed President & CEO of Western Financial Insurance Company
Glenn Williams replaces Randy Valpy, effective January 20, 2012
Unity Life of Canada renamed Foresters Life Insurance Company
“Operating as Foresters Life Insurance Company, we will now be recognized in the marketplace as part of the overall Foresters family of companies and the excellence Foresters stands for, both in terms of our products and our commitment to the well-being of Canadian families and communities,” said President and CEO Anthony Poole
ICBC chair Nancy McKinstry resigns
McKinstry, an Order of Canada recipient in 2005, took the position of ICBC chair in May 2010
Intact Insurance’s Senior Vice President in Western Canada to retire
Derek Iles, Senior Vice President, Intact Insurance retiring on February 1, to be replaced by Jennie Moushos
