Industry
YOUNG, NEW DRIVERS HAVE A 41% HIGHER RATE OF CLAIMS Young and new drivers have a 41% higher rate of claims, according to Aviva Canada’s insurance claims data. Aviva data also show young and new drivers who received certified driver education are involved in 26% fewer accidents in the three years following the training. “This […]
September 30, 2010
2 min read
ALBERTA-INCORPORATED INSURERS ALMOST DOUBLE CONSOLIDATED NET INCOME Alberta-incorporated property and casualty insurers nearly doubled their consolidated net income from $18.3 million in 2009 H1 to $31.9 million in 2010 H1. The figures reflect results reported by: Alberta Motor Insurance Company; Canadian Farm Insurance Company; Fortress Insurance Company; Mennonite Mutual Insurance Company; Millennium Insurance Company; Peace […]
3 min read
Peter Burns, president-elect of the Insurance Brokers Association of Ontario, traces the connections between community newspapers and insurance brokers -- and it starts with communication.
By David Gambrill, Editor | September 30, 2010
5 min read
Risk
Insurance buyers should be asking their brokers: For whom do you really work -- insurance carriers or buyers?; Opinion/Analysis
By Rick Hynes | September 30, 2010
6 min read
Opinion/Analysis; A basic fine-tuning of the Unfair or Deceptive Acts or Practices regulation was intended to clarify the lay of the land for brokers and consumers. So why did it lead instead to insurance companies revamping their affinity models?
By Randy Carroll | September 30, 2010
Results of a broker profitability survey suggest mergers and acquisitions might be the best way to achieve growth these days.
By Mike Berris | September 30, 2010
The Insurance Brokers Association of Nova Scotia (IBANS) has participated in a number of community events and hot-button issues in 2010, including changes to the province's auto cap.
By Ken Myers | September 30, 2010
4 min read
Part II of a two-part series; This is the second part of a two-part series summarizing recent regulatory developments relating to reinsurance. The first part, published in the September 2010 edition, analyzed Guideline B-3-Sound Reinsurance Practices and Procedures. The second part, below, considers the Draft Guidance for Reinsurance Security Agreements, which establishes a new regime for obtaining a capital/asset credit in connection with unregistered reinsurance.
By Robert McDowell & Koker Christensen | September 30, 2010
Breaking new ground, effective September 2011, brokers' training programs, designations and experience will provide brokers access to an online MBA program offered by Laurentian University.
By David Gambrill | September 30, 2010
13 min read
2010 A.M. Best Market Briefing: Canada; As Canadian property and casualty insurers shore up their personal property lines in response to wind, water and hail claims, Ontario auto results continue to veer sharply toward the curb, with loss ratios now exceeding 140%.
By Vanessa Mariga, Associate Editor | September 30, 2010
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