Auto
The Co-operators is warning that individuals may be selling fake auto insurance policies in New Brunswick and falsely claiming to represent the insurer.The policies are not valid and the individuals selling them do not hold licenses or represent the company, notes a statement from The Co-operators.The company says it is working with the RCMP to […]
By Canadian Underwriter | November 7, 2004
1 min read
Insurance fraud and related crimes have too often been perceived as "victimless", but those on the front-line of crime prevention say nothing could be further from the truth. Speakers at the Annual Toronto Fraud Forum say the victims of insurance crimes are widespread and the consequences go well beyond mounting claims costs.
By Vikki Spencer | October 31, 2004
4 min read
GE Insurance Solutions is the new name for GE Employer’s Re Corp., and the re-branding was celebrated by a reception at Toronto’s Royal Ontario Museum recently. Peter Borst, chief agent in Canada for the reinsurance operation of GE Insurance Solutions welcomed Ken Brandt, head of P&C reinsurance, North America & Asia. The new name takes […]
September 30, 2004
2 min read
A new study by Manitoba Public Insurance (MPI) suggests young driver are being targeted by thieves and vandals.Of people aged 18 to 24, 38% say they have reported a vehicle theft, vandalism or break-in to the public insurer in the last two years. Just 26% of those aged 25-39 report such crimes. And of those […]
By Canadian Underwriter | August 23, 2004
With this week marking “Auto Theft Awareness Week”, Manitoba Public Insurance (MPI) is releasing a survey suggesting most car thefts occur in residential neighborhoods.The study, conducted in May, found 59% of those who had been victims of auto theft say their car was stolen from outside their own home or in a residential neighborhood. Another […]
By Canadian Underwriter | August 18, 2004
Another study has come out showing teen drivers take most of their cues from their parents’ driving habits. The 2004 Liberty Mutual/SADD Teen Driving Study finds almost 60% of high school drivers say their parents are the biggest influence on their driving habits. This follows a similar study conducted by Toronto-based “I Promise Program” in […]
By Canadian Underwriter | August 11, 2004
In support of Mike Yang, a long-time insurance industry figure who is returning home following a serious illness, two fundraising events are planned. On Thursday, September 23 from 5-7 pm, Mike will be at the Windsor Arms Hotel at 18 Thomas St. in Toronto to greet friends, and the reception will include a silent auction. […]
By Canadian Underwriter | August 10, 2004
Net income for B.C.’s public auto insurer more than doubled in the first half of 2004, to $166.8 million from $77.4 million a year earlier.Investment income paid a key role in the growth, rising to $215.4 million for the first six months of 2004 from $190.0 million during the same period in 2003, largely from […]
By Canadian Underwriter | August 5, 2004
The Insurance Bureau of Canada (IBC) says Newfoundland’s Bill-30 is a “short-term fix” that does little to relieve costs on auto insurers and their customers in the province. Bill-30 was recently signed into law, despite opposition from insurers. “The fact of the matter is that the legislation is merely short-term relief,” says IBC CEO Stan […]
July 31, 2004
Saskatchewan Government Insurance (SGI), is asking for a 10% increase on its auto rates, effective January 1, 2005. In a submission to the province’s Rate Review Panel, SGI says the increase is need to keep pace with claims. “SGI is requesting the increase primarily because we’re not taking in enough premiums to cover the cost […]
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