Industry

FSCO warns of mail scam using Aviva Canada logo

The Financial Services Commission of Ontario (FSCO) is telling consumers to be on the alert for a mail scam that is using the Aviva Canada logo, address and name. Designed to look like they have come from a law firm in Spain, the letters ask recipients to contact the author for more details. The letters […]

By Canadian Underwriter | June 5, 2012

1 min read

Desjardins to focus on Ontario, Montreal following positive 2012 Q1 results

Desjardins General Insurance Group’s loss ratio of 63.6% in 2012 Q1 was 2.3% lower than the first three months of 2011, largely the result of oft-cited favourable weather conditions and continued improvement in Ontario’s auto insurance market. “With the Ontario auto reforms continuing to show positive results, we are now further expanding our marketing efforts […]

By Canadian Underwriter | June 5, 2012

1 min read

Applied Systems acquires Compu-Quote

Broker management software provider Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian provider of comparative insurance rating solutions. Applied Systems announced the sale on June 5 after closing the deal on June 1. Terms of the agreement were not disclosed. Compu-Quote and Applied Systems Canada will ultimately be integrated into a single entity, Applied […]

By Canadian Underwriter | June 5, 2012

2 min read

About one-quarter of B.C. homes have rental suites or converted coach houses

Nearly one-quarter of B.C. house owners rent out a portion of their home to non-family members, including basement suites in the residence and garages converted to “coach houses,” notes new research conducted by Square One Insurance. Square One surveyed 850 B.C. homeowners over a period of eight months, with almost 25% reporting that they rented […]

By Canadian Underwriter | June 4, 2012

2 min read