Archive for August, 2008
Insurers back call for Alberta auto hikes
Some insurance companies appearing at public hearings of Alberta’s Auto Insurance Rate Board have called for a steep and swift increase in basic auto premiums.
But some recommended staggered increases to ease the blow while others suggested the board dispense with industry-wide rate setting altogether.
ING Insurance recommended an industry-wide hike of 37%. “Not all [...]
Posted: August 22nd, 2008 under Auto Insurance Canada, Auto Insurance Quotes, auto insurance coverage, auto insurance rates, car insurance companies, car insurance rates, cheap car insurance, new car insurance.
Tags: Alberta Insurance, Auto Insurance Rate, Catch 22, Consumers, Ing Insurance, insurance, insurance companies, Insurance Industry, Peace, premiums, Public Hearings, Soft Tissue Injuries, Submission
Comments: 1
Special feature: Brokers face challenging future, industry veteran says
With independent brokers fighting off direct writers, banks and takeovers by insurers, Thompson’s asked industry veteran John McArthur for his views on their future.
The chairman of AMAC Consultants is a former president and ceo of the Canadian subsidiaries of two U.S.-based insurers. He now specializes in mergers and acquisitions and senior level executive [...]
Posted: August 22nd, 2008 under Auto Insurance Quotes, auto insurance coverage, auto insurance rates, car insurance companies, car insurance rates, car liability insurance, cheap car insurance, commercial car insurance.
Comments: 2
MPI applies for Autopac rate reduction for 2009
Citing declining auto theft claims, Manitoba Public Insurance is seeking a 1% overall reduction in Autopac rates for 2009-2010.
Most premiums would rise or fall by less than $20, with an average passenger vehicle premium of $853.
In its rate application to the provincial Public Utilities Board, MPI proposed a rate menu that would see [...]
Posted: August 22nd, 2008 under Auto Insurance Canada, Auto Insurance Quotes, affordable car insurance, auto insurance coverage, auto insurance rates, car insurance companies, car insurance rates, cheap car insurance, low cost car insurance.
Tags: premiums, rate reduction
Comments: none
Reinsurers focusing on economic risks
An economic slowdown resulting from the credit crisis and continuing financial market volatility top of the list of perceived short-term risks for reinsurers.
The International Association for the Study of Insurance Economics, also known as The Geneva Association, surveyed chief executives of leading reinsurance companies at its general assembly in Bermuda, hosted by XL Group, [...]
Posted: August 22nd, 2008 under affordable car insurance, auto insurance coverage, car insurance companies, car insurance rates, car rental insurance, cheap car insurance, cheapest auto insurance, commercial car insurance, full coverage car insurance, insurance for car, low cost car insurance, new car insurance, online car insurance quotes.
Comments: none
WFG concludes one shopping spree, now looking in ‘opportunity rich’ lending companies to beef up its own bank
Ever-acquisitive Western Financial Group has concluded another brokerage shopping spree — and may next turn its sights on lending companies.
Based in High River, Alta., it has sealed the purchases of:
– Vet’s Insurance in Coleman, Alta.
– Dunn Realty & Insurance in Wolseley, Sask., with a second location in Glenavon, Sask., as well as [...]
Posted: August 22nd, 2008 under Auto Insurance Canada, affordable car insurance, auto insurance coverage, auto insurance rates, car insurance rates.
Tags: Financial Group
Comments: none