Industry
Wintrust Financial Corp., through its subsidiary First Insurance Funding of Canada, has acquired the shares of Policy Billing Services Inc. and Equity Premium Finance Inc., two affiliated Canadian insurance premium funding and payment services companies. Terms of the deal were not disclosed. Policy Billing Services Inc. provides payment solutions to insurance brokers and agents. Its […]
By Canadian Underwriter | May 1, 2014
2 min read
ACE Ltd. has reported an 11.1% year-over-year increase in net premiums earned within its North American property & casualty insurance business and a 2.4-point drop in the loss and expense ratio for the first quarter of the year. Zurich-based ACE, the holding company that owns the ACE Group Companies, reported $1.487 billion, in net premiums […]
Ontario auto insurance is in need of a major overhaul. Tinkering with the already poor system can only serve to make matters worse, and once again, miss an opportunity to make the significant changes required to return the system to efficiency and fairness.
By William Star, President and Chief Executive Officer, Trillium Insurance Group Inc. | April 30, 2014
5 min read
Canada's automotive business landscape is undergoing transformative change. A uniquely Canadian approach to how insurance claims and vehicle repair economies work together on a day-to-day basis is critically important to support a thriving and sustainable industry.
By Leanne Jefferies, Director of Collision Programs, AIA Canada; and Director, CCIF Skills Program | April 30, 2014
What if a broker accidentally overhears a personal conversation on the street that is directly related to a client's decision to cancel a policy? What possible responses are available to the broker, should he or she decide to employ a rules-based, people-based or situation-based approach?
By The CIP Society of the Insurance Institute of Canada | April 30, 2014
6 min read
What is the missing element in Canada's auto insurance industry? It could be that advertising holds the key in an expanding industry where insurers are increasingly having to fight to gain market share.
By Jeremy Bowler, Senior Director, Insurance Practice, J.D. Power | April 30, 2014
How are Ontario's 2010 auto reforms working with regard to the revised minor injury guideline? Are treatment costs now in line with the expected medical outcomes? Or has the system veered off course?
By James Cameron President, Cameron & Associates Insurance Consultants and Carol Jardine, Independent Insurance Executive and Consultant | April 30, 2014
Willis Group Holdings has reported a net income of $246 million for the first quarter of the year, up from $219 million in the prior year quarter, and has announced plans for an “operational improvement program,” which will include some job locations being moved. Total revenues for the quarter were $1.097 billion, a 4.4% increase […]
By Canadian Underwriter | April 30, 2014
Retail giant Walmart is now offering auto insurance rate comparison services through its own website and AutoInsurance.com for several regions of the United States, with a plan to go nationwide in the coming months. The service is available immediately in Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Tennessee and Texas, according to a news release from […]
The resistance to some drugs of diseases — including some types of sepsis, pneumonia and gonorrhoea — is hurting the global economy and leading to higher health-care costs, but there is a “general lack” of surveillance on antibacterial resistance that could give better information on the economic impact, suggests a report released Thursday by the […]
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