Category: Canadian Insurance

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Proposed amendments to Insurance Act could raise Ontario auto insurance premiums as much as 40%: Liberal MPP

MPP David Orazietti says legislation proposed by NDP “serves the interests of certain Toronto ridings at the expense of other Ontario drivers”

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Lilia Fernandes joins Premier Marine Insurance Group as Senior Underwriter – Environmental Risks

Fernandes is responsible for underwriting and developing a suite of boutique environmental insurance products including Contractor’s Pollution Liability, Fixed Site Pollution Liability, and Errors and Omissions Liability

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Standard Life reports slight Q1 drop in premiums and deposits

Standard Life said it is confident in its growth prospects for the rest of 2012 despite the challenging economic and financial market conditions that persist

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iClarify rolls out to Alberta, Manitoba brokers

Initial launch focuses on Calgary, Edmonton, Lethbridge, Red Deer, Medicine Hat and Winnipeg

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ICBC union to meet with Finance Minister

Members of COPE 378 set to meet today with Kevin Falcon, British Columbia’s Minister of Finance, to “break the bargaining stalemate” surrounding ICBC members’ vote in favour of job action

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Applied Systems to Support Canadian eDocs

New CSIO XML standard to automate broker downloads

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ICBC employees vote in favour of job action

Union members at the Insurance Corporation of British Columbia (ICBC) have voted 87 percent in favour of job action

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Government moves to grab life insurance cash from insane man who killed wife

Ontario is moving to seize the cash paid out to a man who killed his wife and then collected $51,000 on her life insurance policy, the government said Wednesday

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SGI cancels Green Rebate program

In Legislature on April 24, Tim McMillan, the minister responsible for SGI, said it now makes sense for the program to end as SGI is asking for a rate increase

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Quebec’s GAA, CGI renew contract for five years

“The FCSA database is consulted more than 1.5 million times a year by industry stakeholders and by consumers, who also have access to their claims files. Given this volume, the importance of FCSA data in the auto insurance underwriting process in Quebec is undeniable”

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ILS Introduction to General Insurance Virtual Classroom (ILS IGI)

The ILS Introduction to General Insurance Program is now available in a Daily Assisted Learning Virtual Classroom, and is designed to help BC students obtain their Level 1 general insurance salesperson’s license.

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ICBC seeks ‘essential service’ designation

The designation – if the insurer’s application is successful – could block strike action by ICBC’s unionized staff

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ACE announces appointments in its Canadian operations

Andrew Hollenberg appointed as Country President, ACE Canada; David Brosnan appointed Division President, ACE Canada Property and Casualty and Chief Underwriting Officer

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Insane killer entitled to victim’s life insurance, Ontario’s top court rules

In overturning a lower judge’s decision, the Appeal Court of Ontario decided that public policy, which normally would bar killers from benefiting from their victims’ deaths, does not apply in this case

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Differences between surety bonds and insurance

View the video here on your mobile device. This video first ran in November 2011. Narrator: So what is the difference between Surety bonds and insurance? Sheila Thompson the President of Rosenberg & Parker of Canada, a company that specializes in writing surety bonds, explains. Sheila Thompson: Insurance is a two-party contract. You have the [...]

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BFL Canada becomes founding partner in Lockton Global

BFL CANADA has become a founding partner in the Lockton Global partnership, providing risk management, insurance, and employee benefit solutions for multinational companies

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FSCO warns of pink card scams

FSCO has issued a consumer warning on Batch Bros Brokers. The firm is not licensed to do insurance business in Ontario and appears to be involved in a pink card scam

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Starting July 1, some insurance premiums to be taxed in Manitoba

IBC says addition of 7 percent Retail Sales Tax will hurt consumers

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Toronto-area drivers want pay-as-you-drive auto insurance

Two-thirds (64 percent) of Toronto-area drivers surveyed said they’d like to try pay-as-you-drive (PAYD)auto insurance if it was available, and 85 percent of those said they would change their commuting habits if they had a PAYD policy

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