Risk
Will recent court decisions in B. C. force brokers to take on the unfamiliar (and undesirable) role of appraisers?
By Ted Lewis, President, Insurance Brokers Association Of B. C. | March 31, 2008
7 min read
Industry
The net income of Canada’s property and casualty industry dropped to Cdn$4.008 billion in 2007, a 3.6% decrease over the Cdn$4.158 billion it recorded in 2006. MSA Research Inc. posted its year-end, aggregate financial data for 2007. In addition to reduced profits, MSA figures also show increasing loss ratios and combined ratios. The 2007 net […]
March 31, 2008
2 min read
Royal & SunAlliance Canada has reported a 2007 net income of Cdn$183.6 million. (The company’s net income above was calculated according to Canadian GAAP rules; elsewhere, figures are based on accounting rules in the United Kingdom.). Royal & SunAlliance reported net written premiums of Cdn$1.5 billion (702.7 million), up 8.7% over the prior year. Its […]
1 min read
Financial Services Commission of Ontario (FSCO) has temporarily suspended the Health Claims for Auto Insurance Guideline (HCAI) at the request of the Insurance Bureau of Canada (IBC). In a letter to the Ontario insurance regulator dated Mar. 10, 2008, IBC recommended the suspension of the operations of HCAI by the close of the business day […]
Profitable brokerages pay roughly the same wages as struggling brokerages, but employees in successful brokerages are far less frustrated with their workloads, a recent profitability survey notes
By Michael Berris, CEO, Berris Mangan Chartered Accountants Insurance Consulting Group And Vanessa Jack | March 31, 2008
5 min read
Alberta's Court of the Queen's Bench has rejected the province's Cdn$4,000 cap on auto insurance minor injury claims. In doing so, the court has effectively called into question the use of a cap as the linchpin of many of Canada's auto insurance reforms.
By Don McGarvey, Partner, McLennan Ross LLP (Alberta) | March 31, 2008
9 min read
Home
The Insurance Brokers Association of Ontario (IBAO) is launching a new Web site designed to allow consumers to obtain online quotes and information from brokers in a way that will put the independent channel front and centre in the quest for online business
By Randy Carroll, Chief Executive Officer, Insurance Brokers Association Of Ontario | March 31, 2008
4 min read
Newfoundland and Labrador brokers and insurance industry reps are urging the provincial government to slash and/or eliminate its tax on insurance premiums
By Vanessa Mariga | March 31, 2008
Tier 2 Canadian commercial brokerages may soon be contemplating the predominantly U. S. tactic of outsourcing a brokerage's claimshandling processes to a third-party provider
By David Gambrill | March 31, 2008
6 min read
Aviva Canada is seeking to increase its brand awareness at the same time its research shows consumers are indifferent about insurance and view it as a "necessary evil." The result is an ambitious new public communications plan.
By Aviva Canada | March 31, 2008
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