News

Ratings Upgraded, Affirmed for GCAN Insurance

A.M. Best has upgraded GCAN Insurance Company’s issuer credit rating to “a+” from “a,” and affirmed its “A” financial strength rating. The ratings stem from …

Simpler Ratings System for MPI Drivers

How’s my driving? A new Manitoba safety ratings system is about to tell Manitoba drivers just that by measuring their safety rating and saving good …

Kingsway Signs Off on Jevco Sale

Kingsway Financial Services has agreed to sell outstanding shares of Jevco Insurance Company to a Toronto investment specialist.
Pending government approval, The Westaim Corporation will buy …

Bulletin: ICBC Offers “Safe Olympics” Tips

The upcoming Olympic Games mean more crowded streets, road closures and frustrated drivers in British Columbia’s Lower Mainland and Whister in February. To ward off …

ERM Efforts Maturing, says Aon Survey

Enterprise Risk Management (ERM) initiatives are well underway for the majority of global organizations, with many moving past planning stages into more advanced strategies, reports …

Ontario Premiums Will Increase: Survey

Auto insurance rates in Ontario rose by 5.3% year-over-year during the fourth quarter of 2009, and are likely to continue their upward ascent in 2010, …

ICBC Cleared in Write-Off Sales

The Insurance Corporation of British Columbia (ICBC) didn’t break any laws when it auctioned off vehicles considered write-offs, according to the results of an RCMP …

U.S. Shareholders Seek Kingsway Investigation

A U.S.-based shareholder foundation is pushing for an investigation of Kingsway Financial Services Inc. over its handling of Walshire General and Lincoln General Insurance subsidiaries.
The …

Storms, Wind Wreak $58 Billion in Global Insured Losses: Aon Benfield

Major windstorms in Europe, typhoons in South Asia and severe weather in the U.S. racked up $20 billion (US) in insured losses in 2009, although …

MPI Launches Five-Year Renewal Cycle

Changes to Manitoba’s Autopac renewal process mean that drivers will only have to renew their auto policies once every five years.
Manitoba Public Insurance’s (MPI) updated …

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