News

Use of credit scoring will allow banks to compete

It was a panel deeply divided as CEOs from top Canadian and international insurers once again squared off on the credit score debate at …

Sloppy Regulations, Bickering, Damage Industry: CEO Panel

While credit scoring was the primary debate of a deeply divided panel, other issues topped the agenda during the 89th annual Independent Brokers …

Scrap the five year review and create a tiered auto product: CEO panel

The government of Ontario may have taken a page from The Prince when it comes to dealing with the province’s auto insurance.
At least, …

Repetitive application process necessary for due diligence

Systematic consistency is essential to effective claims handling, stated a claims management specialist at the 89th Annual IBAO Conference, this Friday Oct. 23, …

Ontario drivers face large insurance rate hikes: Minister Duncan

Millions of Ontario drivers may soon face double-digit premium hikes due to cost pressures impacting insurers and prompting premium increases. 
Recently there have …

Ontario Rate Hike Impact Will Vary

The Insurance Bureau of Canada (IBC) won’t confirm that reports of double-digit auto insurance rate hikes in Ontario are accurate.
Although the Financial Services …

ICBC Must Shore Up Privacy Policy, Training: Privacy Commissioner

An investigation into privacy breaches at the Insurance Corporation of British Columbia (ICBC) found several cracks in the insurer’s existing privacy protocols that …

Small Business Owners “Optimistic”: TD Report Card

Recessionary pressures haven’t stopped small business owners from reaching their 2009 goals, according to the TD Canada Trust Small Business Report Card.
An overwhelming …

Kingsway Drops Lincoln General, Avalon Risk Management

Kingsway Financial Services Inc.’s group of companies is down by two this week, following the company’s disposal of U.S. subsidiary Lincoln General, and …

Bulletin: Reduction in credit crisis litigation; Calls for insurance regulation harmonization

Reduction in credit crisis litigation
The credit crisis is no longer the chief source of securities litigation in the United States, a …

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