Canada’s insurers ready to respond after tornado hits LaSalle and Windsor

Canada’s insurance industry is ready to respond following a tornado that hit the Town of LaSalleand parts of the City of Windsor on the evening of August 24.

“Ontarians know that warm summer temperatures often bring severe storms and violent weather,” said Kim Donaldson, Vice-President,Ontario, Insurance Bureau of Canada (IBC). “While no serious injuries have been reported, there does appear to be some property damage in the affected areas. Residents with property damage should contact their insurers as soon as possible to begin the claims process.”

Wind damage is covered under basic insurance policies. Policyholders with questions can contact their insurance representative or phone the IBC Consumer Information Centre at 1-844-2ask-IBC.

“IBC will continue to monitor the situation in Windsor,” added Donaldson. “Tornadoes and other severe weather events can happen without warning. It’s important that Canadians understand their insurance policies and put an emergency preparedness plan in place before bad weather strikes.”

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $8.2 billion in taxes and has a total premium base of $49 billion.

For media releases and more information, visit IBC’s Media Centre at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau and@IBC_Ontario or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC.

If you require more information, IBC spokespeople are available to discuss the details in this media release.

SOURCE Insurance Bureau of Canada

The Co-operators donates $360,000 to 16 organizations providing employability services and training

Across Canada, there is a rich variety of community-based organizations providing life-changing employability and career training services for marginalized youth and people with mental health challenges. Recognizing the importance of the work they do, The Co-operators today announced funding of $360,000 to 16 organizations that provide training and employment opportunities to help people overcome barriers to employment and become more self-reliant.

“These organizations fill a very real need in their communities, supporting many people to help them create better, more positive futures for themselves,” said Kathy Bardswick, president and CEO of The Co-operators. “Through their efforts to help others, they are creating resilient and sustainable communities.”

The following organizations are receiving funding from The Co-operators Foundation Community Economic Development (CED) Funds:

Stella Bury Community Services (Stella’s Circle) – St. John’s, N.L.
Open Sky Co-operative – Sackville N.B.
Centre résidentiel et communautaire Jacques-Cartier – Quebec City
Spectre de Rue – Montreal
Comité de revitalisation urbaine intégrée de Saint-PierreLachine, Que.
Causeway Work Centre – Ottawa
Working for Change – Toronto
Eva’s Initiatives for Homeless Youth – Toronto
Roots to Harvest – Thunder Bay, Ont.
FortWhyte Alive – Winnipeg
Ignite Adult Learning Corporation Foundation – Regina
Momentum Community Economic Development Society – Calgary
Take a Hike Youth at Risk Foundation – Vancouver
The Cleaning Solution – Vancouver
Eastside Movement for Business and Economic Renewal Society (EMBERS) – Vancouver
The Kettle Society – Vancouver

The CED Funds were developed in 1995 to commemorate The Co-operators 50th anniversary, and through it, The Co-operators has granted $5.6 million to 130 organizations. The CED Funds are part of The Co-operators Foundation, which supports community-based organizations and other worthy causes throughout Canada. For more information on the Funds and their recipients, please visit:www.cooperators.ca/en/About-Us/Foundation/CED.

About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $44 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the Best Employers in Canada by Aon Hewitt; Corporate Knights’ Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine. For more information visit www.cooperators.ca.

SOURCE The Co-operators

Severe summer storm in Alberta & Saskatchewan causes close to $65 million in insured damage

Insurance Bureau of Canada (IBC) reports a severe storm that swept through Southern Alberta and Saskatchewan during the third week of July has resulted in nearly $65 million in insured damage according to Catastrophe Indices and Quantification Inc. (CatIQ).

From July 15 – 16, a low pressure system caused heavy rainfall, large hail, and localized flash flooding in parts of southern Alberta and southern Saskatchewan. This system caused significant hail damage in Lethbridge, AB and localized flooding in Calgary, AB and Arbour Lake, AB. This storm also brought over 60mm of rain to Swift Current, SK in less than one hour.

“This is yet another example of severe weather events causing extensive damage in our region,” said Bill Adams, Vice-President, Western and Pacific, IBC. “This has been an active summer across the Prairies and it reinforces the need for Canadians to understand their insurance policies and to have an emergency preparedness plan for when bad weather strikes.”

Most damage was reported to have occurred in Alberta. Damage to homes and autos in that province, largely due to hail, resulted in upwards of $59 million in claims alone. This storm follows a previous system that hit the Prairies a week earlier which resulted in more than $48 million in insured damage.

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $8.2 billion in taxes and has a total premium base of $49 billion.

For media releases and more information, visit IBC’s Media Centre at www.ibc.ca.. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC.

About CatIQ
Catastrophe Indices and Quantification Inc. (CatIQ) delivers detailed analytical and meteorological information on Canadian natural and man-made catastrophes. Through its online subscription-based platform, CatIQ combines comprehensive insured loss indices and other related information to better serve the needs of the insurance and reinsurance industries, public sector and other stakeholders. To learn more, visit www.catiq.com.

If you require more information, IBC spokespeople are available to discuss the details in this media release.

SOURCE Insurance Bureau of Canada

Affordable solution will help ensure ride-sharing drivers have complete protection

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Economical Insurance Announces Executive Change

Press Release:

WATERLOO, ON, August 18, 2016 — Karen Gavan, President and CEO of Economical Insurance, one of Canada’s leading providers of home, auto, and commercial insurance, today announced that Chris Van Kooten, Senior Vice-president and Chief Underwriting Officer at Economical, will be leaving to pursue other endeavours.

“Chris has made significant contributions since joining Economical eight years ago, increasing our sophistication in pricing and analytics,” said Gavan. “We appreciate all he has done for Economical and wish him well in the next phase of his career.”

Mr. Van Kooten’s last day at Economical will be Friday, August 26, 2016. The company has initiated a search to replace him.

About Economical Insurance
Founded in 1871, Economical is one of Canada’s leading property and casualty insurers, with $2.0 billion in premiums during 2015 and $5.4 billion in assets as at June 30, 2016. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Economical Financial, and Family Insurance Solutions.

For further information, contact:
Doug Maybee, Manager, Public and Media Relations, Economical Insurance
(T)519-570-8249
(C)519-404-0989

David Bradfield, Vice-president, Communication, Economical Insurance
(C)647-223-5192

Western Financial Group appoints Patrick Bieleny as President & CEO

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HIGH RIVER, AB, Aug. 17, 2016 /CNW/ – Western Financial Group (Western) and its Board of Directors announce the appointment ofPatrick Bieleny as the organization’s President and Chief Executive Officer. Patrick succeeds Paul Taylor, who retired on July 4.

Mr. Bieleny will oversee Western’s Network of insurance brokerages and all of Western’s business units including Western Financial Group Insurance Solutions and Western Life Assurance Company. Mr. Bieleny will also act as CEO of Western Financial Insurance Company (Petsecure) until ownership passes over to Economical.

His diverse background and experience includes most recently serving as Chief Executive Officer and Managing Director of XALTA Capital Partners Ltd., an Alberta based private equity and investment firm. He has served in senior executive positions in the agricultural, food and oil industries throughout Alberta. Patrick is a director of the Chartered Professional Accountants of Alberta and a past Director of Agriculture Financial Services Corporation, an Alberta Crown Corporation.

“My board colleagues and I are delighted that Patrick Bieleny has agreed to join Western and we’re confident he can lead the team to build on our strong foundation,” said Jim Dinning, chair of the board of Western. “Patrick has a strong track record of operational excellence. We’re excited to work with him as he and the team delivers quality service for our customers across western Canada.”

“I’m honoured to have the opportunity to lead Western. It is a terrific organization with dedicated employees and I look forward to all that we can accomplish together,” said Mr. Bieleny.

Mr. Bieleny will assume the President and CEO role effective August 22nd, 2016.

About Western Financial Group

Western Financial Group is a diversified insurance company that serves more than 800,000 customers across Western Canada. Founded in 1996 and headquartered in High River, Alberta, Western Provides personal and business insurance services through more than 160 office locations and affiliates. With a skilled team of more than 1,800 employees, Western is committed to building the strongest insurance organization in Western Canada.

Western Financial Group is a subsidiary of Desjardins Group, the leading cooperative financial group in Canada.

SOURCE Western Financial Group

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