News

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 …

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 …

Pre-retirees too risk averse

As Canadians approach retirement, they are generally expected to ratchet down the risk level of their portfolios. But a recent survey suggests that the market …

Aon Benfield Backs Global ACORD Standards

Aon Benfield is backing an industry move toward international ACORD standards. The reinsurance intermediary joins Partner Re, XL Re and Swiss Re in promoting the …

Desjardins Group helping Haiti

The Desjardins Group will be aiding Haiti in the reconstruction of its economic system by bolstering its support to Le Levier, a federation of Haitian …

Brokers to Remain Partners in Driver Testing

Although MPI is scaling back the number of its mobile driver testing centres in the province, brokers will continue to play a role in test …

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 …

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 …

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