The Registered Insurance Brokers of Ontario (RIBO), the self-regulatory body for insurance brokers in that province, is reminding brokers of advertising rules. In its latest bulletin, RIBO says in recent months, its staff has reviewed a few instances where individuals have held themselves out in a manner other than the name of the brokerage under [...]
The Honorable Order of the Blue Goose is setting up a Puddle on Vancouver Island. The Honorable Order of the Blue Goose is a fraternal organization of property and casualty insurance professionals. Local branches, called Ponds, are found throughout Canada, the U.S. and Australia. Before the Vancouver Island group can become a Pond, it must [...]
In advance of its Annual and Special meeting on May 26, 2011, Economical Mutual Insurance Company has mailed its Management Proxy Circular and related materials to all mutual policyholders. Along with information about the company’s progress for demutualization, the Economical Board included its recommendations that mutual policyholders vote for Resolution 1 to elect the company’s [...]
In its quarterly year-over-year review of Canadian auto insurance rates, online insurance quote website Kanetix found that premiums in Ontario, Quebec and Alberta are higher now than they were during the first quarter of 2010. In Ontario, Kanetix found that rates were 6.7 percent higher. “Following the 9.5 percent increase in Q4 2010, this result [...]
The Insurance Bureau of Canada has launched Get in the Know, a social media microsite that provides safety and emergency preparedness information. With blog contributions from IBC staff, the site offers consumers information and advice on topics ranging from sewer backups, home maintenance and distracted driving.
The Ontario Provincial Police (OPP) in Essex Country have arrested and charged four individuals after an investigation relating to an arson that occurred in November 2000. The investigation found that the homeowner planned to burn down the Kingsville residence in order to collect the insurance proceeds. The OPP said male from Kirkland Lake, Ontario (48), [...]
Drivers in Manitoba will see a rebate this spring, after the province’s Public Utilities Board (PUB) announced a ruling of a 45 per cent rebate of the 2009/10 vehicle premiums to be distributed to ratepayers. The average Manitoba ratepayer will receive a rebate of $450, representing $320 million of total returns. The rebate will be [...]
Crawford & Company (Canada) Inc. is a platinum sponsor of the Women in Insurance Cancer Crusade (WICC) and in 2010, the company raised a record $111,035 for the charity. Crawford said in the past, its employees have annually raised between $50,000 and $55,000. The 2009 donation increased to an exceptional $80,000. In 2010 the donation [...]
ICBC has released its financial report for 2010, a year which saw a reduction in both basic and optional insurance rates. The optional insurance rate reduction of three per cent means that ICBC’s optional insurance premiums have gone down by approximately 20 per cent over the past six years. “The basic insurance rate reduction of [...]
Is there a standard of courtesy that should be observed between insurance agencies? In its latest General (P&C) bulletin, Insurance Councils of Saskatchewan posted a comment it was provided: “When our office assumes a client/policy from another office, we believe that our office is owed the courtesy of a broker letter. We additionally wither send [...]
Failing to remain at the scene of an accident, or hit and run as it is more commonly known is without a doubt a daily occurrence in British Columbia. We all know that we are doing something seriously wrong when we hit a cyclist, pedestrian or other vehicle on the highway and leave the scene [...]
The Manitoba government says it will seek changes to insurance benefits paid to convicted car thieves when the spring legislative session begins in April. Andrew Swan, the minister responsible for Manitoba Public Insurance, said Wednesday the government will “close that door tightly.” The province introduced legislation in 2004 to crack down on payments made to [...]
Intact Insurance is launching a national advertising campaign, its second since launching its new brand in February 2009. Intact says the latest campaign focuses on how insurance is about people, not things. “The new ads reflect our commitment to offering an outstanding experience. When customers contact us after an incident, we ensure a seamless transition [...]
As of February 27, 238 Canadians have been evacuated from Libya as that country’s leader, Col. Moammar Gadhafi remains in power amid widespread chaos. On Sunday, Canada’s Defence Minister told CTV’s Question Period that there are still about 100 Canadians in Libya, and these people are looking to be evacuated. The Canadian Forces have two [...]
Offices of insurance brokerage Marsh collapsed in the earthquake that hit Christchurch, New Zealand on Tuesday. Marsh’s offices are located at the Pyne Gould building in downtown Christchurch. Three of the office’s 30 employees are also missing. “Our immediate concerns are for the safety and well-being of our staff,” said John Clayton, Pacific Region Head [...]
