Tag: "Insurer"

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MetLife to buy Eastern European insurance and pension business from Aviva by end of the year

Metlife plans to buy Aviva’s life insurance businesses in the Czech Republic and Hungary, and its life insurance and pension businesses in Romania

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Kingsway announces reverse stock split to remain compliant with NYSE

Under NYSE listing standards, the closing price of a stock cannot be under USD $1 for more than 30 consecutive trading days

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Worn extension cords cause cars to go up in flames

MPI’s fire experts say a cracked extension cord – or a block heater cord with a corroded plug – can sometimes lead to “electrical arching” which can quickly spark a fire

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Insurance fraudster pleads guilty to bilking insurers out of $1.5 million

Police said they became suspicious after noticing that one crashed vehicle had been driven only one kilometre since its previous crash

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FSCO releases Cost of Goods Guideline for Ontario auto insurers

Guideline has been developed as a result of a recommendation by the Auto Insurance Anti-fraud Task Force in its interim report regarding measures that should be undertaken as soon as possible

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Insurer for Sandusky charity argues over legal expenses

New Jersey-based Federal Insurance Co., a subsidiary of The Chubb Group of Insurance Companies, says that any illegal acts committed by Sandusky were not committed in his capacity as an official of Second Mile

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Judge overturns insurance fraud conviction using poetry

In his ruling in The Commonwealth of Pennsylvania v Daniel Goodson III, Justice Eakin released six pages of rhyming ruling in the series of stanzas

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TIC Travel Insurance Coordinators on being a top GTA employer

“Our employees make the difference in how we meet travelers’ needs, so we strive to provide them with a well-rounded employee experience,” said TIC President David Hartman

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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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Sun Life to stop selling two troubled U.S. products, cuts 800 jobs

Chief executive Dean Connor said Monday that Canada’s third-biggest insurer plans to discontinue selling variable annuity and individual life policies in the U.S. starting Dec. 30

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Keep your car, take your keys

Nearly 20 percent of stolen vehicles in Regina this year had the keys left in them

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Rates to rise as claims costs, lower investment returns affect ICBC’s Q3 results

While ICBC will be filing for an increase to its basic insurance rates, it will also drop its optional rates in 2012

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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

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Despite significant weather-related losses, Economical reports Q3 profit of $1.4 million

Economical continued to be affected by weather-related catastrophic losses during the third quarter, totaling $31.3 million, compared to $7.7 million during the same quarter in 2010

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BC man guilty of insurance fraud after claiming stolen motorcycle

Man claims motorcycle was stolen, but ICBC’s SIU discovers the truth after a tip through its fraud tips line

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Insurer sues Hallmark to recover $1.8M after fire linked to snow globe destroyed Michigan home

The lawsuit, filed Nov. 2 in federal court in Grand Rapids, accuses Hallmark and a Taiwan company of negligence and product liability

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York Fire & Casualty rebrands as Unica Insurance

“Our new name, Unica, reflects the unique nature of our company and our continued commitment as a dependable, Canadian company,” said President & COO Martin Delage

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RSA sees Q3 net premiums rise by 11%

“Canada has delivered excellent growth, with premiums of £1,108m up by 20% (19% at constant exchange) driven by rate increases, strong retention and the benefit of the acquisition of GCAN which contributed 10 points of the overall growth,” said RSA

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BC man sets car on fire, makes insurance claim

24 year-old man bought new vehicle expecting payout for ‘stolen’ vehicle

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