Auto
First quarter income reported by Manitoba Public Insurance (MPI) the province’s government auto insurer dropped significantly but is in line with historic norms.Net income for the first quarter ending May 31, 2004 was just $8.7 million, down from $29.3 million a year earlier. However, “these numbers [for first quarter 2004] are in line with typical […]
By Canadian Underwriter | July 19, 2004
1 min read
Hoping to clarify its position with regard to the need for confidentiality in the rate filing process, The Co-operators has issued a press release on its Nova Scotia filing.Co-operators vice president of personal lines Robert Wesseling says he is surprised that some people have suggested it is inappropriate to request keeping rate filings confidential. “In […]
By Canadian Underwriter | July 18, 2004
Saskatchewan’s public insurer, 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 […]
By Canadian Underwriter | July 15, 2004
In response to the Alberta government’s auto insurance reform package which was announced last month, the opposition Liberal Party has set in motion a public petition to gather support for the introduction of a public auto system. The province’s premier Ralph Klein has rejected the idea of a public auto insurer for Alberta, choosing to […]
By Canadian Underwriter | July 8, 2004
2 min read
Alberta’s auto reform plans have received the final stamp of approval from the provincial Cabinet, setting the launch date for October 1.A committee of legislators is being put together to ensure a smooth transition to the new system, which includes a premium grid. The government has promised rates will drop 5% for 95% of drivers, […]
By Canadian Underwriter | June 22, 2004
The Canadian Independent Adjusters Association (CIAA) has revised its program for the 2004 annual convention to be held in Whistler, BC, September 9-12. Friday now includes an entire day of educational sessions, revolving around the issues of legislative change and self-regulation. The annual golf tournament, trade show, agm and president’s dinner will also be featured. […]
By Canadian Underwriter | June 14, 2004
After months of wrangling, a final package of auto reforms has been released in Alberta, with a promised rate savings of 20% overall. The reforms are to be implemented by September this year, with the province’s “Standing Policy Committee on Economic Developments and Finance” (SPC) recommending a committee be struck to ensure a smooth transition. […]
May 31, 2004
Citing auto insurance reforms recently tabled by the Newfoundland government, The Dominion of Canada is the first insurer to signal it will leave the province. In a statement, CEO George Cooke says, “we are deeply offended by the punitive insurance legislation tabled last week by the government of Newfoundland and Labrador. I have written to […]
After months of wrangling, a final package of auto reforms has been released in Alberta, with a promised rate savings of 20% overall, the government says. The reforms are to be implemented by September, with the province’s Standing Policy Committee on Economic Developments and Finance (SPC) recommending a committee be struck to ensure a smooth […]
By Canadian Underwriter | May 28, 2004
The Alberta government is now promising drivers a minimum 5% rate reduction as a result of auto reforms being put in place. Earlier indications were that the average rollback would be 10%.The Alberta government release also indicates the 5% reduction will be seen by “good drivers”, and that the reduction remains tied to reforms which […]
By Canadian Underwriter | May 18, 2004
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