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Hannover Re estimates multi-million dollar losses for wrecked Costa Concordia
“The loss expenditure from marine hull insurance will be in the region of EUR 30 million (CAD $39 million) for the company’s net account,” said reinsurer
Tag: "Insurance"
Hard market several years away, says A.M. Best SVP
By ILSTV Staff on Jan 19, 2012 in International Insurance
“Premium growth will continue to improve from where we were in the last three or four years, but I don’t expect in 2012 that we’ll see a massive increase in premium,” said Matt Mosher, A.M. Best Co.’s senior vice president of global ratings
FSCO warns Freedom Insurance Company not licensed to do insurance business in Ontario
Consumers who purchase insurance from insurers that are not provincially-licensed are not protected under Insurance Act
MPI’s top five frauds of 2011 – Number 3
Coming in at third spot in MPI’s top five frauds of 2011 is a case that crosses provincial – and legal – boundaries
MPI’s top five frauds of 2011 – Number 4
Coming in at fourth spot in MPI’s top five frauds of 2011 is one the case of one cab driver who just wanted to keep working
The electronic delivery of insurance documents
The Registered Insurance Brokers of Ontario (RIBO) says it has received enquiries from members about the electronic delivery of insurance documents to satisfy delivery requirements to clients
BC man busted for fraud after reporting vehicle stolen
Investigation into “stolen” vehicle reveals that truck had been involved in a hit and run in the same area five days earlier
Pink slip fraud on the rise
RIBO says there has been an increase in the number of pink slip frauds reported by member brokers
Snowbirds get new travel insurance option from PC Financial
PC Financial expands Travel Insurance To Go option for snowbirds
MPI told to reduce auto insurance premiums by 8 percent
Manitoba’s Public Utilities Board says eight percent decrease would “instll some fiscal discipline in MPI’s operations”
B.C. making big profit on drivers’ licenses, says auditor
Auditor John Doyle says the province makes a 650 percent profit every time a driver’s license is renewed in the province
Insurance brokers support Nova Scotia auto reforms
“When legislative changes occur in the insurance industry it is important that educational materials and communication vehicles are well established to ensure consumers are aware of the changes being implemented,” says IBANS executive director Karen Slaunwhite
Western Financial Group acquires insurance brokerage in Watrous, Sask.
The Watrous brokerage, which has been serving the community since 1989, will now operate as a Western Financial Group office
Thirty community ideas move on to next round of Aviva Community Fund
By ILSTV Staff on Oct 21, 2011 in Canadian Insurance
After more than two weeks of voting, thirty semi-finalists are moving on to the next round in the Aviva Community Fund
RIBO guidelines on social media advertising
By ILSTV Staff on Sep 27, 2011 in Canadian Insurance
“We have seen an increase in the use of social media (Twitter, Facebook, LinkedIn, MySpace, etc.) for broker advertising/networking,” says RIBO bulletin. “We would like to take this opportunity to bring to your attention Ontario Regulation 991, Section 15(1)(6.)”
Rider Pride extends to Saskatchewan license plates
More than 22,000 football fans have bought Saskatchewan Roughrider license plates in the last year
Saskatchewan Crop Insurance Corp. provides record $329 million for unseeded acreages
By ILSTV Staff on Sep 08, 2011 in Agriculture
Record funding was provided for 13,500 claims under the Unseeded Acreage (USA) Benefit, which was increased from $50 to $70 per eligible acre in 2011
