Industry

RSA Canada approved for credit scoring in auto

Nova Scotia’s insurance regulator has approved RSA Canada’s proposed introduction of a “Quality Rating Factor” (QRF), which uses credit scoring for rating auto insurance. RSA Canada’s proposed QRF, obtained with the client’s consent, will only apply to writing new auto business, not existing business. The board noted that it has already approved the use of […]

By David Gambrill | March 16, 2021

3 min read

ARAG-DAS deal unites Canada’s titans in legal expense insurance

Legal expense insurance company ARAG Group has announced that it will be acquiring competitor DAS Legal Protection in Canada. The deal was announced Tuesday in a move that will see the German-based company acquire the Canadian MGA. Terms of the deal were not disclosed. DAS managed premiums of about $29.3 million in 2019, according to […]

By Adam Malik | March 16, 2021

3 min read

Hospitality cover? This is a job for the Business Insurance Action Team

Hospitality clients are starting to get coverage from multiple carriers on a subscription basis through the Business Insurance Action Team, says the CEO of one of the participating insurers. Cambridge, Ont.-based Gore Mutual is participating in the BIAT, launched in October 2020 by the Insurance Bureau of Canada. The BIAT helps clients in the hospitality and […]

By Greg Meckbach | March 15, 2021

3 min read

Why this ex-broker was fined $5K for trying to get a better deal for her clients

A former Alberta broker has been ordered to pay a civil penalty of $5,000 for omitting and/or withholding client information on insurance application forms to get a better deal for her clients. The Alberta Insurance Council had already revoked Heather Martinson’s general level 2 broker certificate on Oct. 4, 2019 — one day after the […]

By David Gambrill | March 15, 2021

2 min read