Auto

Hub Expands East-Coast U.S. Operations

Broker consolidator Hub International Ltd. (TSX: HBG] has added two U.S. brokerages to its stable: Boston-based Commonwealth Insurance Agency Inc., and New Jersey-based Sondheim & Laughlin. Commonwealth will become part of Hub’s New England “C.J. McCarthy hub”. The new brokerage produces about US$300,000 in annual revenue from mostly homeowners coverage in Massachusetts. The office of […]

September 30, 2003

1 min read

Nova Scotia report advocates lower auto rates and public education

While pushing for limits on auto insurance rates in Nova Scotia, a new report also suggest the public needs to become more educated about how to shop for insurance.The provincial government’s “consumer advocate”, George Jordan, released his final report following about six months of research on rising auto insurance premiums in Nova Scotia.Jordan wants to […]

By Canadian Underwriter | September 24, 2003

2 min read

Manitoba to offer loans for anti-theft device purchase

Manitoba Public Insurance (MPI), the provincial government auto insurance program, says it will offer loans to drivers to purchase anti-theft devices.The loans will apply to aftermarket vehicle immobilizers meeting the Canadian standard for theft deterrence, which generally cost $240-$400. Drivers will be able to repay the loan over a one, two or three-year period, with […]

By Canadian Underwriter | September 23, 2003

1 min read

ICBC to increase rates 1.3% under new filing process

Filing its rates for the first time to the B.C. Utilities Commission, the Insurance Corp. of B.C. (ICBC) is requesting a 1.3% increase to its basic auto insurance policies.The increase is made up of a 0.4% hike to cover premium tax increases and 0.9% to cover increases in the tariff of legal costs to the […]

By Canadian Underwriter | September 4, 2003

1 min read