Tag: "Insurance"

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Hard market several years away, says A.M. Best SVP

“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

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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

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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

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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

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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

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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

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Pink slip fraud on the rise

RIBO says there has been an increase in the number of pink slip frauds reported by member brokers

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Snowbirds get new travel insurance option from PC Financial

PC Financial expands Travel Insurance To Go option for snowbirds

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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”

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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

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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

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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

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Thirty community ideas move on to next round of Aviva Community Fund

After more than two weeks of voting, thirty semi-finalists are moving on to the next round in the Aviva Community Fund

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Canadian insurers expected to be hit by market volatility, book Q3 losses

Many analysts were rethinking their estimates for the industry’s third-quarter earnings

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RIBO guidelines on social media advertising

“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.)”

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Rider Pride extends to Saskatchewan license plates

More than 22,000 football fans have bought Saskatchewan Roughrider license plates in the last year

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Saskatchewan Crop Insurance Corp. provides record $329 million for unseeded acreages

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

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SGI, union ratify collective agreement

The new agreement includes a 7.5 per cent general wage increase over four years (1 per cent, 3 per cent, 1.5 per cent, 2 per cent), with retroactive pay from Jan. 1, 2010

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Lloyd’s celebrates a century of risks

1911 Lloyd’s Act moved the company from marine insurer to specialized risk market

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