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Category: Company News

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ICBC: “all of our customers who overpaid for optional insurance will receive full refunds w/ interest.”

B.C.’s transportation minister, Todd Stone, will make ICBC repay $39 million to customers it has overcharged for insurance in a massive billing blunder.

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Have A Workplace Harassment Policy? Why It’s Not Enough

From Prevention to Investigation: How Employers Can Reduce Risk and Liability.

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IIROC Head To Retire

IIROC President and CEO Susan Wolburgh Jenah says she’ll retire October 31.

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EGI buys SGI Canada’s stake in Insurance Company of Prince Edward Island

EGI Financial Holdings (EGI) has reached a definitive agreement with SGI Canada (SGI) to buy its share in the Insurance Company of Prince Edward Island (ICPEI), as part of a strategy to boost its P&C underwriting capabilities in the country.

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Intact Insurance launches new national advertising campaign: Our 30 Minute Claims Service Guarantee in action

Intact Insurance, Canada’s largest provider of home, auto and business insurance has launched a new national television and online campaign geared to consumers, promoting its 30 Minute Claims Service Guarantee.

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CPPIB to buy U.S. insurance company Wilton Re Holdings Ltd. for US$1.8 billion

“In making a long-term investment in Wilton Re, CPPIB views the company as an ideal platform through which CPPIB can deploy significant follow-on capital at scale in the U.S. life insurance sector,” he said

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GM recalls 1.5 million more vehicles; CEO says ‘terrible things happened’

In the last two months, GM has recalled more than 3.1 million vehicles in the United States and other markets. The actions started with last month’s recall of more than 1.6 million vehicles for faulty ignition switches. The latest recalls cover airbag wiring harnesses, brake parts and other components across several models.

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U.S. sues 16 big banks, including Royal Bank, that set key global interest rate

The U.S. Federal Deposit Insurance Corp. has sued 16 big banks, including the Royal Bank of Canada (TSX:RY.TO – News), for alleged rigging of a key global interest rate.

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Harry Kloosterhuis retiring as president & CEO of Family Insurance Solutions

Economical Insurance, one of Canada’s leading property and casualty insurance companies, today announced the retirement of Harry Kloosterhuis as president and chief executive officer of Vancouver-based Family Insurance Solutions Inc. effective June 30, 2014.

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OSC charges Ontario fund manager with fraud

Ontario investment fund manager Keith Summers has been charged with fraud after allegedly raising $4.7-million from investors using false information about the success of his trading operation.

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Travel Underwriters Celebrates 50 Years of Milestones

Travel Underwriters, one of Canada’s top travel insurance providers, celebrates 50 years in business today. Patrick Robinson, President & CEO, attributes the company’s success to its strategic partnerships and a belief that the experience those partners and travellers have, is what defines its success.

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GM adds 842,000 vehicles to recall for faulty ignition switches that can cause crashes

General Motors on Tuesday doubled to 1.6 million the number of small cars it is recalling to fix faulty ignition switches linked to multiple fatal crashes.

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Intact acquires brokerage network

The largest provider of property and casualty insurance in Canada announced on Friday that that it had signed a definitive share purchase agreement to acquire Newfoundland and Labrador-based Metro General Insurance Corporation Limited – the terms o which were not disclosed.

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AXA has completed the acquisition of 50% of Tian Ping

AXA has completed the acquisition of 50% of Tian Ping

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Wells Fargo to Sell Insurance Brokers With 750 Employees

Wells Fargo & Co. (WFC), the largest U.S. home lender, agreed to sell more than 40 percent of its insurance brokerage locations to focus bricks-and-mortar operations on higher-growth regions and bigger clients.

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ICBC Board Chairman Paul Taylor Resigns

In a news release, the provincial automobile insurance corporation did not offer any reason for the sudden departure, but sources have told CBC News that Taylor stepped down for personal reasons.

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Max Weis appointed vice-president, corporate development at Economical Insurance

Economical Insurance is pleased to announce the appointment of Max Weis as vice-president, corporate development effective January 21, 2014. Mr. Weis will report directly to Phil Mather, Economical’s chief financial officer.

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CUISA Executive Director Stepping Down

The Executive Director of the Credit Union Insurance Services Association is leaving the role after four years, the CUISA has announced.

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Executive Director Position: CUISA

The Credit Union Insurance Services Association (CUISA), located in Vancouver B.C., invites applications for the position of Executive Director to guide the future development of the trade association for British Columbia credit union insurance subsidiaries.

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