Winter Tire Discount 101

We know it's the end of June, and it's hard to think about snow. But, before you know it, the time will be here, and people will start making the switch to winter tires. With that said, here's what you need to know about winter tires, auto insurance, and discounts (courtesy of our friends at the Insurance Brokers Association of…

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Auto Insurance Is Changing

Many of have heard but as of June 1st, 2016, auto insurance in Ontario has changed. One of the factors behind introducing the changes was to help auto down on auto insurance fraud. Earlier this year, the I.B.A.O. (Insurance Brokers Association of Ontario) posted a blog about the changes: http://www.ibao.org/ontario-auto-insurance-is-changing/

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Customize Your Auto Insurance

As a result of the recent auto insurance changes, the I.B.A.O. (Insurance Brokers Association Of Ontario) recently made a blog post called "Customize Your Auto Insurance". We thought it was worth sharing with everyone: http://www.ibao.org/customize-your-auto-insurance/  

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Travelers Completes Acquisition of The Dominion

We received the following news release recently. NEW YORK, November 1, 2013 – The Travelers Companies, Inc. (NYSE: TRV) today announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E‐L Financial Corporation Limited (TSX: ELF). The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto. “The combination of…

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Insurance Portfolio Inc. at the Toronto International Home Show

Between March 15th and March 24th, Insurance Portfolio and their team will be at the Toronto International Home Show as vendors. Tens of thousands of attendees flock to the Home Show every year, and together with Canada Blooms, is a feast for the property dweller who longs to upgrade their abode from top to bottom. Please come see us at…

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The Insurance Brokers Assocation of Ontario, or IBAO, recently held their bi-annual, 'Rate Your Company' survey. The survey was completed by member brokers in the Province of Ontario. The data has been analyzed and summarized, and they have shared the results with their members of the 2012 Rate Your Company broker survey. Some key findings from the 2012 survey indicate:…

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FSCO Lays 84 Charges Against Two Toronto Rehab Clinics, Four People for Auto Fraud

Appearing in Canadian Underwriter, January 17, 2013 The Financial Services Commission of Ontario (FSCO) has laid 84 charges under Ontario's Insurance Act against two Toronto rehabiliation clinics and four individuals alleged to have submitted false invoices to auto insurers. The clinics were each charged with seven counts of knowingly making false or misleading statements to an auto insurer to obtain…

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Draft demutualization regulations promised, but not yet released

Nov 27, 2012 9:13 AM Draft demutualization regulations promised, but not yet released As Seen on Canadian Underwriter Online By: Angela Stelmakowich, Editor 2012-11-27 -------------------------------------------------------------------------------- Economical Insurance is anticipating that long-awaited federal regulations governing demutualization in Canada’s property and casualty insurance industry will likely require some level of sharing of demutualization benefits with non-mutual policyholders. “Economical has consistently and forcefully…

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Absence of adjudication may feed future tort in Ontario auto

Absence of adjudication may feed future tort in Ontario auto Featured in Canadian Underwriter, By: Angela Stelmakowich, Editor 2012-11-23 -------------------------------------------------------------------------------- A lack of adjudication relating to Ontario’s minor injury guideline (MIG) is creating uncertainty and could set the stage for a large increase in bodily injury (BI) tort, George Cooke, CEO of The Dominion of Canada General Insurance Company, suggested…

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Insurance Fraud Costs Everyone

A Scarborough, Ont. man receives stiff sentence for staging collisions. 3.5 years in federal prison and restitution order for $375,000. May 24, 2012 Three and a half years in a federal penitentiary and a free-standing restitution order for $375,000 is the sentence for a Scarborough, ON man known as Max or Mano. Earlier this year, he entered a plea of…

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