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Alberta Standard Automobile Insurance Policy (SPF #1) revised
The revisions reflect the changes that become effective July 1, 2012 with the implementation of the Insurance Amendment Act, 2008
Tag: "Insurance Companies"
RSA Canada, CGI renew agreement in six year, $80 million deal
This agreement will see CGI provide infrastructure management services including mainframe and mid-range equipment, and data storage and recovery for RSA’s broker and customer programs and services
Auto insurance customers happiest in Quebec, unhappiest in B.C.
“Not having enough competition limits choices and very often translates into a low customer satisfaction,” says InsurEye co-founder Dmitry Mityagin
The Financial Impact of Living Longer
The International Monetary Fund says that the global cost of aging could be 50 percent higher if people live just three years longer than expected.
FSCO proposes upgrade to solvency standards for Ontario-incorporated insurance companies
By ILSTV Staff on May 14, 2012 in Canadian Insurance
“In responding to new risks arising from these developments, insurance supervisors around the world, including OSFI, have been embracing stronger solvency standards,” says FSCO
SGI hit with record $32.4 million in storm-related claims costs in 2011
“Despite the challenges faced in most regions, including here in Saskatchewan, SGI CANADA was able to stay in the black thanks to its Ontario operation,” said Tim McMillan
FSCO issues warnings on Royal Insurance, American Insurance
Regulator says neither Royal Insurance nor American Insurance is licensed to do insurance business in Ontario
P&C insurers with earthquake exposure in BC, Quebec must report to OSFI
P&C insurers must report to OSFI their earthquake exposure by April 15
Auto insurance rates rise in Ontario, Alberta; decrease in Quebec
Kanetix.ca study finds Ontario auto insurance rates rose 2.9 percent in Q4, Alberta’s rose 3.1 percent and Quebec’s fell 2.6 percent.
Ottawa says it will ban banks from selling products similar to annuities
By The Canadian Press on Dec 19, 2011 in Business, Canadian Economy, Canadian Government, Canadian Insurance
“Since taking office, this government has taken steps to clarify the separation of banking and insurance activities,” said Finance Minister Jim Flaherty. “This will ensure the business of insurance continues to be subject to the appropriate rules and regulations.”
Custom Software Solutions Announces EDocs Functionality with SGI
“We are proud to be the first insurer in Canada to support this new technology,” said Andrew Cartmell, President and CEO of SGI CANADA
Newfoundland helicopter operator settles lawsuit with Sikorsky after fatal crash
By The Canadian Press on Nov 29, 2011 in Legal Issues
Cougar Helicopters of St. John’s and eight insurance companies had filed a lawsuit against Sikorsky, alleging negligence and misrepresentation in their statement of claim
Alleghany buying Transatlantic in cash and stock deal valued at about $3.4 billion
The companies said Monday that the transaction values Transatlantic at $59.79 per share in cash and stock
Great West Life welcomes appeal court ruling that cuts settlement amount
The Ontario court upheld some of the trial judge’s ruling last November that awarded payouts to 1.8 million Canadians to settle a class-action regarding the funding of the 1997 acquisition of London Life Insurance
FSCO warns Rockfort Company Ltd. not licensed to do insurance business in Ontario
By ILSTV Staff on Oct 31, 2011 in Canadian Insurance
The Financial Services Commission of Ontario (FSCO) is warning consumers that Rockfort Company Ltd. is not licensed to do insurance business in Ontario as either an agent or company
Less than half of consumers trust their insurance provider
Pitney Bowes study finds comprehensive communication management would build trust within the insurance industry
Goderich tornado costs $75 million in insured damage
August’s tornado damage less than that following 2010 Leamington and 2009 Vaughan tornadoes
Insurance quote site Kanetix acquired by Monitor Clipper Partners
Kanetix also announced it has named Yousry Bissada as President & CEO
Ontario auto insurance consumers slow to add optional coverages
FSCO survey of 24 insurance companies finds few consumers have purchased optional SABS coverages since auto insurance reforms
