News

CSIO Award Recognizes Broker Innovation

The Centre for Study of Insurance Operations (CSIO) will take nominations for the 3rd Annual Achievement Award until the end of March. The award, which …

A Free Ride, Higher Rates?

Will an Olympic goodwill gesture cost British Columbia drivers in the long run?
That’s what the Consumers Association of Canada (CAC) wants to know. The Insurance …

No Recall Rate Hikes for Toyota Drivers: IBC

Drivers who own Toyota models affected by the recent recall won’t see premium hikes related to the situation, according to the Insurance Bureau of Canada. …

IBC Sets out Credit Scoring Guidelines

The Insurance Bureau of Canada (IBC) has issued a voluntary code of conduct for insurers using credit scoring to determine rates.
The code—released January 20—outlines guidelines …

Hedging Weather Risk: Weather Insurance Headed to Manitoba

A U.S.-based risk management tool that bets against the weather is headed to Manitoba.
Montana-based E-Weather Risk will allow producers to design their own insurance contracts …

SGI System Upgrade Slows Service

Upgrades to SGI’s computer system will stop online transactions for several days in mid-February.
The public insurer is advising drivers needing license or vehicle renewals to …

More Oversight for Exemptions: B.C.’s Insurance Council

The Insurance Council of British Columbia wants more oversight over transactions with unauthorized insurers.
The council has proposed an “unauthorized insurer rule” that would oversee agents …

Western Financial Group Sets 2010 Goals

Western Financial Group officials won’t release the group’s 2009 financial results until mid-March, but they are open about where they want be at this time …

Develop Best Practices To Stay Ahead, say Claims Experts

An insurance professional—regardless of expertise—must be above reproach.
Professionalism appeared to be the underlying theme that all panelists spoke to at the 43rd Annual CICMA/CIAA …

Superintendents Weigh Credit Scoring Question

Provincial insurance overseers are set to weigh in on the credit scoring issue.
Superintendents of insurance across Canada are weighing the question of whether there’s a …

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