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Intact says Ontario auto insurance reforms had not worked yet

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Ontario reformed its auto insurance model last year, changing the criteria for catastrophic impairment and reduced the mandatory coverage for accident benefits. However, Intact Financial Corporation says the reforms “have not fully been reflected yet” in its financial results. The reforms

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Category: Intact Insurance News

Intact announces Q2 results

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Intact Financial Corp. has announced its financial results for the three months ending June 30 (second quarter). Canada’s biggest supplier of property and casualty insurance says underwriting income totalled $103 million through the period, up $87 million from $16 million compared to Q2

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Category: Intact Insurance News

Intact Financial reports 2016 financial results

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Intact Financial Corp. on Wednesday announced its financial results for 2016, showing a 40% drop in underwriting income through the year. The company also reports a 5% increase in direct premiums written. Intact, Canada’s largest P&C provider, says that its year-end results were heavily affected

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Category: Intact Insurance News

Intact named among best Canadian companies for young workers

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Intact Financial Corporation, the parent of Canada’s largest P&C provider (Intact Insurance) has announced it has been named among Canada’s Top Employers for Young People for 2017. The award was given to the company by Mediacorp Canada Inc. The company recognizes employers that deliver

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Category: Intact Insurance News

Intact Insurance had no obligation to pay for reconstructed building, Ontario Court of Appeal rules

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Intact Insurance was not obligated to pay for a replacement building constructed under a different from original, which was fire damaged. That was the decision reached by the Ontario Court of Appeal, which said Intact’s only obligation was to pay the value of the fire destroyed building. Court

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Category: Intact Insurance News

Blais elected IIC chair

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Jean-Francois Blais, president of Intact Insurance, has been named chair of the board of governors for the Insurance Institute of Canada (IIC). The IIC elected Blais to the chair at its 63rd annual general meeting, which was help on Oct. 25 in Charlottetown, P.E.I. After the election, the

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Category: Intact Insurance News

Third Intact Service Centre Opens in Toronto

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Intact Financial Corporation (IFC) has opened its third Intact Service Centre, with a new location in Toronto. Canada’s largest P&C provider announced the new centre on Monday, following the opening of its first service centre in Calgary on Feb. 22. The second service centre opened in Ottawa on

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Category: Intact Insurance News

Intact named AON’s Best Employer in Canada

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Intact Financial is continuing a recent trend of being recognized as a leading employer. The company has been manes an Aon Best Employer in Canada at the platinum level for 2017, for the second consecutive year. The announcement follows just days after Intact Financial Corporation was named among

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Category: Intact Insurance News

Intact Financial on Canada’s Top 100 Employers shortlist

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Intact Financial Corporation has been named as one of Canada’s Top 100 Employers for 2017, making this the second consecutive year the company has made the list. In a press release, Intact says it has been honored on the list because of its “forward-thinking workplace policies” and human

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Category: Intact Insurance News

Intact personal insurance sees growth

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Intact Financial Corporation (IFC) has announced its third quarter financial results for 2016. The company says personal auto premiums for the period ending Sept. 30 increased by 5 percent, while personal property increased by 8 percent compared to 2015. In a statement, the company said auto

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Category: Intact Insurance News

Intact Joins Call for more Millennial engagement

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Intact Insurance is the latest company to say the industry needs to address a lack of knowledge in Millennials. How to engage with customers in their 20s and 30s has been a hot topic running theme at the Insurance Brokers Association of Ontario annual convention. The event has been held at the

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Category: Intact Insurance News

Catastrophe Losses for Q3 at $170 Million

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Intact Financial Corporation (IFC), Canada’s leading P&C insurance provider, has detailed its catastrophe losses for the third quarter of 2016. The company says catastrophe losses, net of reinsurance, amounted to $170 million pre-tax during the period. It is worth noting that this is an

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Category: Intact Insurance News

Intact reports $127 million Fort McMurray loss

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Intact Financial Corporation (IFC) has reported its second quarter financials and shown a $127 million loss related to the Fort McMurray wildfire in May. The company’s combined ratio moved to 99.2%, with 8.8 points from Fort McMurray catastrophe losses. When the wildfire swept through the

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Category: Intact Insurance News

Intact Service Centre opens in Ottawa

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Intact Financial Corporation (IFC) has opened a new Intact Service Centre, the second such location the company has launched. The new Centre is location in Ottawa and follows the first service centre that was opened in Calgary in February. The Intact Service Centre’s help Intact Insurance

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Category: Intact Insurance News

Intact Insurance named amongst best companies for customer care

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Intact Insurance has been named as one of the best companies in Canada for customer care. The company was named in eighth place by J.D. Power. It is often underestimated just how vital good customer care is for holding consumer loyalty. Accenture points out that 49 per cent of Canadians left a

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Category: Intact Insurance News

Uber drivers to be insured by Intact in Alberta

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Intact Insurance has announced that it will provide Uber with the auto insurance coverage the company needs to operate legally in Alberta. The confirmation came through a press release issued on Wednesday and was widely expected after the two companies announced a collaboration that started late in

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Category: Intact Insurance News

Intact announces common share purchase plan

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Intact Financial Corporation, Canada’s largest property and casualty insurance provider, has announced that it is pursuing a common share repurchase plan. The company has entered into an automatic purchase plan with a broker to facilitate the purchase through the normal course issuer bid. The

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Category: Intact Insurance News

IBC taking interactive insurance aid on the road

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The Insurance Bureau of Canada is on a mission to educate drivers about what exactly is distracted driving and what problems it can cause. Driving while distracted is the number one cause of traffic accidents in Canada, resulting in deaths and injuries and resulting in drivers having high insurance

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Category: Intact Insurance News

Intact Insurance expanding commercial lines presence

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Intact Insurance, Canada’s largest property and casualty provider, announced on Monday that is enhancing its position in commercial lines. The company revealed a new national team that will work towards making the commercial lines specialty solutions business the biggest of its kind in the

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Category: Intact Insurance News

Intact Financial Corporation Public Accountability Statement

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Intact Financial Corporation, Canada’s largest property and casualty insurance provider, has released its 2016 Public Accountability Statement. The statement details the company’s position in the Canadian economy and its role in the national society. Highlights of this year's report

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Category: Intact Insurance News


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