Operations
RIBO announced at its AGM a reduction in broker firm fees for the year ahead, this resulting from a surplus reported for the prior year. The association will also offer an additional $50 reduction to firms and individuals who made early payment by the end of August this year. cu
November 30, 1999
1 min read
Consumers need better information when they buy insurance, provincial and territorial insurance regulators agree. “Consumers should get plain-language ‘disclosure’ documents when they buy life insurance,” the Canadian Council of Insurance Regulators (CCIR) agreed at its two-day meeting in Charlottetown, Prince Edward Island (PEI). “For some people, insurance contracts may be complex or difficult to understand,” […]
October 31, 1999
Scott Tannas, president of Alberta-based broker consolidator Hi-Alta Capital Inc., says his company has reached important benchmarks at the 1999 six quarter mark. “We are judged by our operating margins and our EBITDA (earnings before interest, taxes, depreciation and amortization) and in both areas, we have again this quarter demonstrated exceptionally strong performance.” Hi-Alta’s second […]
September 30, 1999
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Toronto Insurance Women’s Association: Insurance Information Week. For more information, call Yvonne Lincoln at 416-601-1801. Toronto, Scarborough & Etobicoke, […]
2 min read
Delphi Information Systems has officially launched ebix.com, their internet-based data exchange system that allows insurers, brokers and consumers to communicate, exchange quotes and conduct business online. Currently, only U.S. consumers can purchase insurance through the site. As first reported in CU’s February 1999 edition, ebix.com combines portal and e-mail technology to create a Yahoo!-style web […]
The Insurance Brokers Association of Canada’s (IBAC) recently held broker-based CEO symposium featured a speech by IBAC president Michael Toole, who outlined association initiatives for the future. One idea bandied about was a decision to move the IBAC management team from its current Toronto headquarters an Ottawa head office. In a letter to Canadian Underwriter […]
August 31, 1999
“The future of the independent broker is up to the independent broker,” says George Cooke president of The Dominion of Canada General Insurance Company. A favorable future lies ahead of the independent broker if the members of the profession want to realize it, he adds. However, success will depend on two factors, maintaining independence and […]
At a luncheon held May 17 at Ottawa’s Chateau Laurier Hotel, the Insurance Institute of Ontario hosted the national finals of the Inter-Institute Public Speaking Contest before an audience of 75. The 1999 winner of the Canadian Underwriter Trophy was Andrew Vos of Victoria, British Columbia, representing the western zone. Andrew is with Allan Tolsma […]
June 30, 1999
“The elder statesman of Canadian Insurance Journalism, joined Canadian Underwriter as an assistant editor in 1952. What was to be a short stay between newspaper jobs ended up as a 33 year stint, 25 of it as managing editor. The reason? He became hooked on the insurance industry, its problems and its people.” KENNETH E. […]
May 31, 1999
Lewis & Wright Insurance Inc. of Grand Prairie and Soltys Insurance Services Ltd. of Edson, represent the two latest Alberta acquisitions by broker network Hi-Alta Capital Inc. (TSE:HIA). Lewis & Wright will add $6 million in premium to the network, Soltys contributes another $3.5 million in sales.
March 31, 1999
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