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Ridesharing company expresses interest in Manitoba following time band controversy

Manitoba’s Public Utilities Board (PUB) has not received any appeals to its order relating to a unique “time band” approach to insuring ridesharing in Winnipeg, a PUB spokesperson told Canadian Underwriter on Monday. “My guess is that the applicant [Manitoba

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Independent brokerage grows in Western Canada

Regina-based brokerage Harvard Western Insurance has acquired Saskatchewan brokerage Hoff Insurance, effective immediately. Harvard Western president and CEO Dave Pettigrew told Canadian Underwriter Tuesday that Hoff Insurance approached his firm because they wanted to be part of a larger brokerage.

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Educating the Public About Distracted Driving: Dos and Don’ts

Public education strategies must supplement tougher laws if insurers wish to curb the number of claims arising from distracted driving, says the Traffic Injury Research Foundation (TIRF). Despite increasing fines and penalties for distracted driving, nearly one in four fatal

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AIG re-enters Lloyd’s business with $5.56-billion deal

Less than two years after Canada Pension Plan Investment Board bought Lloyd’s underwriter Ascot Underwriting from American International Group Inc. (AIG), AIG plans to get back into the Lloyd’s business again. AIG announced Monday a US$5.56-billion agreement to acquire Validus

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Quebec brokers concerned about regulatory ‘vacuum’ on web sales

Quebec brokers are pushing for a prohibition on buying property and casualty insurance over the Internet without some involvement from a broker or agent. Under the province’s proposed Bill 141, the Act respecting the distribution of financial products and services

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Tsunami fears send people in B.C. to higher ground

VANCOUVER – A tsunami warning issued for coastal British Columbia was cancelled Tuesday morning after people living along parts of the province’s coast evacuated to higher ground when a powerful earthquake struck off Alaska. Residents in some coastal communities were

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DAS Canada Launches Final Video in “What’s Your Story?”

Toronto, Jan. 23, 2018 /insPress/ – What can Legal Expense Insurance do for you? Legal Expense Insurance (LEI) helps small business owners all over Canada with their legal issues, empowering them to defend or pursue their legal rights and get

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Nova Scotia court dismisses auto liability case — after an 18-year delay

Would you be prepared to wait almost two decades to defend your insured policyholder in an uncomplicated auto liability case? One insurer stuck it out for 18 years until finally, on Jan. 19, 2018, the Supreme Court of Nova Scotia

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Are you ready for IFRS 17? Learn how to prepare for this transformational change.

IFRS 17, Insurance Contracts was published in May 2017 and is the most significant change to financial reporting for insurance companies in Canada in decades, not only in the measurement of insurance assets and liabilities, but in how insurance contracts

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A bachelor’s guide to the right M&A fit

Although brokers contemplating a merger and acquisition may be focused on the financial mechanics of the deal, they should remain mindful about the cultural fit between the merged brokerages, as well as the right strategic fit between the merged entity

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