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Allianz Group has reported a 23% increase in operating profit for the second quarter of 2017 ending June 30 from 2.4 billion euros in Q2 2016 to 2.9 billion euros in the most recent quarter. Total revenues rose 2% to 29.994 billion euros in Q2 2017 from 29.402 billion euros in the prior year quarter, […]
By Canadian Underwriter | July 28, 2017
2 min read
Saskatchewan’s Auto Fund reported Thursday a loss ratio of 86.5% for the year ending March 31, 2017, up 6.1 points from 80.4% during the same period a year earlier, while the head of Saskatchewan Government Insurance suggested that with the federal bill proposing legalization of marijuana, there will be an increase in Saskatchewan in funding […]
By Canadian Underwriter | July 20, 2017
3 min read
Gore Mutual Insurance Company announced on Wednesday that is has agreed to acquire Howard Noble Insurance Limited, a regional broker in Georgian Bay and Simcoe County in Ontario. Gore Mutual CEO Heidi Sevcik noted in a press release that Noble Insurance will continue to operate in Collingwood, Barrie and Alliston, separately from Gore Mutual and […]
By Canadian Underwriter | June 29, 2017
The Alberta Insurance Council (AIC) has announced that its General Insurance Council (GIC) has approved the issuance of a restricted certificate of authority authorizing both vehicle and equipment dealerships to sell gap insurance. Gap insurance is property insurance that covers all or a portion of the difference between the recovery received on primary automobile insurance […]
By Canadian Underwriter | June 12, 2017
KABUL – Afghans mourned the loss of family members, friends and colleagues on Thursday, a day after a massive truck bomb exploded in the capital, leaving at least 90 people dead and more than 450 others wounded in one of the worst extremist attacks since the drawdown of foreign forces from Afghanistan in 2014. The […]
By Canadian Underwriter | June 1, 2017
Burst water pipes are a frequent cause of large claims in Quebec, Allstate Insurance Company of Canada suggested Monday. In a press release, Allstate shared some findings from the Allstate Insurance Safe Homeowners Study. In the study of household incident claims data, “there have been notable increases in certain types of claims in Quebec homes […]
By Canadian Underwriter | May 29, 2017
The majority of Quebecers who list their properties on Airbnb and other home rental websites are not registering with the province, just over a year since it implemented a law regulating them, new data suggests. The province’s Tourism Department says it issued 967 permits for rental hosts out of 2,244 applications in the year since […]
By Jason Contant | May 29, 2017
The Insurance Bureau of Canada’s (IBC) board of directors is recommending that IBC’s members operating in Ontario and the Atlantic provinces voluntarily align their home insurance policies with other jurisdictions when it comes to protecting “innocent co-insureds.” Current legislation in British Columbia, Alberta, Saskatchewan, Manitoba and Quebec requires that the insurer pay for the losses […]
By Canadian Underwriter | May 16, 2017
Toronto City Council voted Tuesday to authorize staff to enter into a three agreement with ClaimsPro LLP to provide adjusting services to the city. ClaimsPro, owned by SCM Insurance Services Inc., was one of four adjusting firms to respond in November to a request for proposals for adjusting services for public liability, automobile and property […]
By Canadian Underwriter | March 29, 2017
Aviva plc announced a 0.8-point increase in its combined ratio in Canada while operating profit was up 16%. London-based Aviva released March 9 its preliminary results for 2016. General insurance net premiums written, worldwide, increased 15%, from £7.177 billion in 2015 to £8.211 billion last year. The pound closed Friday at $1.64. Aviva attributed the […]
By Canadian Underwriter | March 13, 2017
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