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IBAO back on the warpath about credit scoring

Ontario brokers rally in Queen's Park in Toronto on April 4.

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650 homes damaged after a dozen tornadoes hit Texas

Hundreds of flights grounded, power outages persist.

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Cool economy, warm climate, regulator scrutiny biggest influencers: IBC

Weak economic growth in North America and Europe will also mean weak demand for non-life insurance products in 2012, says Insurance Bureau of Canada (IBC) chief economist Gregor Robinson. Speaking at the Swiss Re Canadian Outlook breakfast in Toronto, Robinson noted that there does exist a “loose relationship” between GDP and premium growth.

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Insurance industry reacts favourably to Federal Budget

The big debates around the merits of the Conservative government’s federal budget bill are centred in the areas of retirement and environmental protection. However, the immediate reaction from two senior voices in the insurance industry to the Budget was positive.

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Recently-merged insurers now a size where it may make sense: Swiss Re

The insurance linked securities (ILS) market has been developing steadily in the US since the 1990s. No Canadian P&C company has turned to this option for reinsurance yet, but it should be a “key focus area going forward” in 2012, says Swiss Re Canada president and CEO Sharon Ludlow.

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FIFA to create insurance policy for national team players

European football clubs had a successful day at the UEFA Congress on Thursday, March 22, winning financial concessions from both the continent’s governing body of the sport and FIFA.

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ICBC expands translation service to driver licensing offices

Customers who need language assistance during driver licensing transactions will now be able to converse freely with Insurance Corporation of BC (ICBC) in more than 170 languages through an interpreter.

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Ontarians don’t know where to report fraud: Poll

During Fraud Awareness month this March, organizations across the country have been explaining to customers and the public what to look out for when it comes to fraudulent behavior. But, surprisingly, a recent Pollara Poll suggests these same people still don’t know where to report fraudulent activity.

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87% of BC residents pay for home insurance they don’t need

Nearly 90% of BC home insurance policyholders are paying for insurance protection they don’t need or want, according to Square One Insurance. Out of 1,000 policyholders, 87% are paying for irrelevant protection with traditional home insurance policies.

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Icy roads cause numerous collisions in Winnipeg

Icy roads in Winnipeg have led to a number of collisions, including one involving a school bus. No children were on board the bus, which was struck by a car Tuesday morning.

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