-
No. 01 · April 27, 2020
How COVID-19 will affect your current insurance coverage
As COVID-19 continues to affect the world, the speed of developments is shocking and is having an unprecedented impact for businesses, economies and families. When businesses are forced to be closed, they are still racking up costs every single day. These daily disruptions are starting to mount and have a ripple effect on business activity, forcing the hand of so many [...]
-
No. 02 · April 1, 2019
Why An Experienced And Independent Advisor Can Make All The Difference
The insurance industry is dramatically shifting, and it’s the latest to be caught in the crosshairs of disruption. While disruption has quickly become the new normal in the insurance industry, it’s up to the broker to adapt to the times and find innovative ways to translate that value onto the client by redefining what their [...]
-
No. 03 · March 12, 2019
The Stakes Are Too High Not To Have Misconduct Coverage
Sexual misconduct at any level, in any aspect of life is completely unacceptable. Employers and business owners can’t claim ignorance to these wrongdoings within their business and this type of reprehensible behaviour has gone on far too long. We all have a responsibility through professional policies, procedures, and ongoing education to fight sexual misconduct. With [...]
-
No. 04 · January 11, 2019
Cyber Security Is Still A Top Business Concern For 2019
A short while ago we were hosting a roundtable at a conference with many bright entrepreneurs and business owners and I posed a question asking what they would do if they were hacked and all their information was held ransom for extortion. And based on the responses we received, it’s quite alarming how so many [...]
-
No. 05 · November 29, 2018
How To Protect Your Small Business With The Right Coverage
Small business owners are the only people who will work 80 hours a week for themselves to avoid working 40 hours a week for someone else. With all of that hard work building your dream brick by brick, the scary and unfortunate thing is that is can crumble in a matter of seconds if you aren’t careful or well protected. [...]
-
No. 06 · October 11, 2018
Why Cyber Security Is A Growing Concern For Businesses
Corporate security isn’t keeping up with protecting its critical infrastructure fast enough. Hackers around the world are getting bolder and more sophisticated – and every business is susceptible to an attack. This year alone has seen Under Armour’s MyFitnessPal app compromised with usernames, email addresses, and passwords from roughly 150 million users. More than 300 [...]
-
No. 07 · March 14, 2018
The Art To Being A “Good Homeowner” In The Eyes Of Your Insurance Provider
Being a good homeowner extends far beyond keeping up with your mortgage payments and maintaining a clean lawn – it stretches into the home’s skeleton and internal organs that keep it healthy and strong. There’s a certain pride of ownership that comes with keeping your home in good shape, and a level of responsibility as [...]
-
No. 08 · February 6, 2018
Busting The Top 10 Auto Insurance Myths
There are a lot of popular misconceptions about auto insurance, which can blur the facts, making it hard to understand what is actually true. Let’s separate fact from fiction and debunk the top 10 auto insurance myths so there isn’t any confusion when looking for a policy that suits your needs Insurance companies are only [...]
-
No. 09 · February 6, 2018
5 Reasons To Use A Broker When Shopping For Auto Insurance
Auto insurance is a hot topic in today’s economy. With changing government regulations, promises of cheap premiums, confusing industry lingo, and stories of claims that weren’t settled, it can be difficult to know where to turn to protect what matters the most to you. There are many different ways to source auto insurance these days, [...]
-
No. 10 · June 29, 2016
Winter Tire Discount 101
We know it's the end of June, and it's hard to think about snow. But, before you know it, the time will be here, and people will start making the switch to winter tires. With that said, here's what you need to know about winter tires, auto insurance, and discounts (courtesy of our friends at [...]
-
No. 11 · June 29, 2016
Auto Insurance Is Changing
Many of us have heard but as of June 1st, 2016, auto insurance in Ontario has changed. One of the factors behind introducing the changes was to help cut down on auto insurance fraud. Earlier this year, the I.B.A.O. (Insurance Brokers Association of Ontario) posted a blog about the changes: http://www.ibao.org/ontario-auto-insurance-is-changing/
-
No. 12 · June 29, 2016
Customize Your Auto Insurance
As a result of the recent auto insurance changes, the I.B.A.O. (Insurance Brokers Association Of Ontario) recently made a blog post called “Customize Your Auto Insurance”. We thought it was worth sharing with everyone: http://www.ibao.org/customize-your-auto-insurance/
-
No. 13 · November 6, 2013
Travelers Completes Acquisition of The Dominion
We received the following news release recently. NEW YORK, November 1, 2013 – The Travelers Companies, Inc. (NYSE: TRV) today announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E‐L Financial Corporation Limited (TSX: ELF). The combined organization, which will be referred to as Travelers Canada, will remain headquartered [...]
-
No. 14 · March 19, 2013
Insurance Portfolio Inc. at the Toronto International Home Show
Between March 15th and March 24th, Insurance Portfolio and their team will be at the Toronto International Home Show as vendors. Tens of thousands of attendees flock to the Home Show every year, and together with Canada Blooms, is a feast for the property dweller who longs to upgrade their abode from top to bottom. [...]
-
No. 15 · January 18, 2013
FSCO Lays 84 Charges Against Two Toronto Rehab Clinics, Four People for Auto Fraud
Appearing in Canadian Underwriter, January 17, 2013 The Financial Services Commission of Ontario (FSCO) has laid 84 charges under Ontario's Insurance Act against two Toronto rehabilitation clinics and four individuals alleged to have submitted false invoices to auto insurers. The clinics were each charged with seven counts of knowingly making false or misleading statements to [...]
-
No. 16 · November 28, 2012
Draft demutualization regulations promised, but not yet released
Nov 27, 2012 9:13 AM Draft demutualization regulations promised, but not yet released As Seen on Canadian Underwriter Online By: Angela Stelmakowich, Editor 2012-11-27 ——————————————————————————- Economical Insurance is anticipating that long-awaited federal regulations governing demutualization in Canada’s property and casualty insurance industry will likely require some level of sharing of demutualization benefits with non-mutual policyholders. [...]
-
No. 17 · November 26, 2012
Absence of adjudication may feed future tort in Ontario auto
Absence of adjudication may feed future tort in Ontario auto Featured in Canadian Underwriter, By: Angela Stelmakowich, Editor 2012-11-23 ——————————————————————————- A lack of adjudication relating to Ontario’s minor injury guideline (MIG) is creating uncertainty and could set the stage for a large increase in bodily injury (BI) tort, George Cooke, CEO of The Dominion of [...]
-
No. 18 · May 25, 2012
Insurance Fraud Costs Everyone
A Scarborough, Ont. man receives stiff sentence for staging collisions. 3.5 years in federal prison and restitution order for $375,000. May 24, 2012 Three and a half years in a federal penitentiary and a free-standing restitution order for $375,000 is the sentence for a Scarborough, ON man known as Max or Mano. Earlier this year, [...]
-
No. 19 · May 22, 2012
Intact Announcement — Acquires Jevco Insurance Company
On May 2, 2012, Insurance Portfolio Inc. received the announcement from INTACT Insurance that they have concluded a definitive agreement to acquire JEVCO Insurance, one of the country's leading provider of specialty and niche products with $350 million in reported premiums. The transaction, which is valued at $530 million, is expected to close in the summer months [...]
-
No. 20 · May 22, 2012
Economical Mutual Upgrades Branding
Insurance Portfolio Inc. has received the following announcement from Economical Mutual, one of our important Insurer Partners. For more information about Economical, please visit the Partners tab. “Economical introducing a refreshed brand in 2012 What’s New Economical is pleased to announce the launch of a refreshed brand identity on June 15, 2012. This refreshed brand [...]
-
No. 21 · May 22, 2012
AXA integration into Intact Insurance/Progress Report
AXA Integration: Updated Personal Lines Transition to Intact Insurance The conversion of AXA personal lines policies continues to progress well to Intact Insurance Company, and has just passed the half-way point for all policy holders. For more information on the progress should you be an existing client of Insurance Portfolio or would like to know more about Intact Insurance, [...]
-
No. 22 · November 4, 2011
The Transition from AXA Insurance to Intact Insurance
As the Owner of Insurance Portfolio Inc., I had the opportunity at this year's Insurance Brokers Association Convention in October 2011, and at recent meetings with Management at Intact Insurance. I am now available to comment regarding the transition from AXA Insurance Company to Intact Insurance for our policyholders. I am very confident that the [...]
-
No. 23 · October 17, 2011
Insurance Portfolio Now Licenced Coast to Coast
Insurance Portfolio is proud to announce that as of October 17, 2011, we are licenced to write Commercial Property & Casualty products for our clients in all 10 Provinces across Canada, coast to coast. This will be of particular interest to Associations whose members have bricks and mortar locations in all Provinces.
-
No. 24 · September 26, 2011
Update on Acquisition of AXA Insurance Canada
Published by Canadian Underwriter 2011-09-26 ——————————————————————————- Intact Financial Corporation (TSX: IFC) has officially completed its $2.6-billion acquisition of AXA Canada, the country's sixth-largest provider of home, auto and business insurance in the country. “The completion of this transaction represents a defining milestone in the history of our organization,” IFC CEO Charles Brindamour said. “The benefits [...]
-
No. 25 · June 17, 2011
Update on Intact Acquisition of AXA Insurance
I have been provided a recent update from Intact Insurance regarding their proposed acquisition of the Canadian Property & Casualty business of AXA Insurance Company. The update advises that they are awaiting regulatory approval from the Office of the Superintendent of Financial Institutions (OSFI), Autorite des marches financiers (AMF) and the Competition Bureau. They anticipate receiving [...]
-
No. 26 · June 8, 2011
Intact Insurance Seeks to Purchase AXA Insurance Canada
Here is the official press release the industry received regarding the recent intent of Intact Insurance to purchase AXA Insurance Canada. We will continue to release information as we receive it. We are contracted with both AXA and Intact Insurance, and will watch the updates closely for our valued clients. Intact Financial Corporation (TSX: IFC) has signed [...]
-
No. 27 · June 8, 2011
Our First With Lloyds of London
For one week in May of 2011, Insurance Portfolio reached a new milestone with our visit to Lloyds of London, London, England. Insurance Portfolio Inc. is currently Open Market Correspondents with Lloyds of London, and we hope to become Coverholders in the near future. I am pictured with Guy Robinson on the left and James Adley on the right, our UK [...]