News

Survey says: Canadians trust the insurance industry

Canada’s insurance industry is back in the good graces of the people, according to a popular annual survey.
The Edelman Trust Barometer showed a jump …

Construction worker wins $1.1 million for car accident injuries

A judge has ruled in favour of a 58 year-old construction worker who was involved in two separate car accidents and subsequently unable to work. …

EGI Financial buys American Colonial Insurance

EGI Financial Holdings has announced that its U.S.-based subsidiary, Echelon Insurance Company of America (EICA), has acquired all of the issued and outstanding shares of …

Economy Hits Personal Lines Claims: Towers Perrin

The economy’s ups and downs are having a big impact on claims, according to P&C claims managers, who point to an increase in claims, litigation …

NB Bans Credit Scoring for Home/Auto

An amendment to New Brunswick’s Insurance Act will extend its ban on credit scoring.
The change prohibits the use of credit scoring for underwriting and rating …

Bulletin: IBAO networks with Facebook, RCCAQ Launches Ads, Rate comparison launches in Ontario, Managers show new tools, Annual symposium sets agenda

IBAO networks with Facebook
The Insurance Brokers Association of Ontario (IBAO) has added a Facebook fan page to it’s line-up of social media products.
The …

Task Force Targets Financial Literacy

Canada’s Task Force on Financial Literacy wants to know how Canadians make their financial decisions. To get that discussion going, they have released the "http://www.advisor.ca/pdfs/TFFL …

Washington state rejects bill to ban the use of credit scores

Washington state lawmakers rejected a bill to ban the use of credit scores to determine insurance rates.

The state’s insurance commissioner, Mike Kriedler, has …

Fairfax Acquires Zenith National Insurance

Fairfax Financial Holdings $1.3 billion (US) bid for California-based Zenith National Insurance Corp. will be partially funded with a $200 million (U.S.) equity issue.
Under a …

NS Cap Changes Should Weigh Risks, Rewards: IBC

Any changes to Nova Scotia’s $2500 minor injury cap should carefully weigh risks and rewards, the Insurance Bureau of Canada (IBC) cautions in its submission …

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