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Canadian claims software vendor Symbility Solutions Inc. is a step closer to being acquired by data provider CoreLogic Inc. Calgary-based Symbility said Thursday an overwhelming majority of its shareholders have approved a $160-million deal originally announced Oct. 22. The deal still has more hurdles to cross, including approval by the Court of Queen’s Bench of […]
By Greg Meckbach | December 14, 2018
2 min read
Home insurance clients might lack sufficient insurance if they own golf carts or all-terrain vehicles, an insurance lawyer warns. “Someone might be driving a golf cart that they own privately, in a gated community, and they might not have any coverage for that unless they specifically bought insurance for the golf cart,” Chet Wydrzynski, associate […]
By Greg Meckbach | October 30, 2018
3 min read
Brokerage owners looking for ways to reduce their tax bill could have more incentive in 2019 to max out their registered retirement savings plan, a tax expert told Canadian Underwriter. For some family-owned businesses, there is “an added reason” for owners to contribute as much as they are allowed to their RRSPs or tax-free savings […]
By Greg Meckbach | October 18, 2018
A Windsor, Ont.-based online brokerage that promises consumers seven quotes in three minutes is one operation now owned by Hub International Ltd. Chicago-based Hub announced Thursday it has acquired the property and casualty business of Cypher Systems Group, the corporate parent of Southland Insurance Brokers Inc., SmartCoverage Insurance Services Inc. and Insurance Hunter Services Inc. […]
By Greg Meckbach | August 2, 2018
Nearly five years after a fatal accident in which a runaway freight train caught fire in Lac-Mégantic Quebec, the frequency of uncontrolled train movements is on the rise, the Transportation Safety Board of Canada warned Wednesday. “In 2017, there were 62 occurrences involving uncontrolled movements, the second-highest annual total in the past 10 years,” TSB […]
By Greg Meckbach | July 4, 2018
FREDERICTON – New Brunswick says it will be ready for cannabis sales when they become legal in October – but the delay from the original July startup will cost the province millions of dollars in revenue. Finance Minister Cathy Rogers says all 20 Cannabis NB locations will be open on Oct. 17 and staff will […]
By The Canadian Press | June 29, 2018
1 min read
La Caisse de dépôt et placement du Québec (CDPQ), a Quebec pension fund manager, has acquired a 20 per cent minority interest in BFL Canada, one of the largest commercial insurance brokers in Canada. The investment will help BFL Canada, with a business of more than $1 billion in premium, implement its succession plan and […]
By David Gambrill | June 28, 2018
OTTAWA – The Supreme Court of Canada has ruled against the City of Montreal in a case involving rioters who damaged police vehicles after a 2008 Montreal Canadiens victory. Several police cars were set ablaze and some were destroyed in a riot after the Canadiens eliminated the Boston Bruins from the first round of the […]
By The Canadian Press | June 12, 2018
Should Canada’s rules on railway insurance be changed? If your answer is yes, contact the Canadian Transportation Agency (CTA) within the next four months explaining why. CTA, which has the power to issue and revoke certificates of fitness for federally-regulated railways, announced Thursday it is launching consultations on regulations – including insurance. Federal law requires railway companies […]
By Greg Meckbach | June 7, 2018
A mutual insurer in Alberta has partnered with software provider Mutual Concept Computer Group (MCCG) to “own the pace of their transformation.” By incorporating MCCG’s Online Quoting Solution, Mennonite Mutual Insurance Co. (Alberta) Ltd. (MMI) will be able to simplify the quoting process for its sales force, creating efficiencies and allowing the mutual insurer to […]
By Jason Contant | May 23, 2018
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