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The Insurance Bureau of Canada (IBC; French: Bureau d'assurance du Canada) is a trade association representing home, auto, and business insurance companies in Canada. Established in 1964, it promotes and lobbies for the insurance industry to governments and the general public.
Created in 1945 by Tommy Douglas's CCF government, Saskatchewan Government Insurance is the oldest public auto insurer in Canada. [16] Saskatchewan is the only province in Canada that offers motorists a choice between no-fault and tort systems of insurance. Although a choice, majority of the people are unaware of it.
Until 2018, all 1.2 million customers in Ontario, Alberta and New Brunswick [9] were still served under the name of State Farm, but on May 1, 2018, Desjardins officially started a campaign to rebrand State Farm Canada [10] as Desjardins Insurance Agents. The transition is to be done by December 31, 2019. [11]
The Personal offers group insurance products to insure cars, homes, recreational vehicles and pets, and also includes identity theft assistance. [10] They offer their services through agents, their company website, and recently through their mobile app (used as a control center for all the mobile programs).
Merged with Canada Life and London Life using the Canada Life name, under the ownership of Great-West Lifeco. Grey & Bruce Mutual Insurance Company 1878 2014 Merged into Howick Mutual. Halton Mutual Fire Insurance Company 1890 1968 Merged with the Puslinch Mutual and Eramosa Mutual to form Halwall Mutual. Halwell Mutual Insurance Company 1968 2024
The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis. [3] [4] However, in March 2010, Christy Clark's BC Liberal government announced that it would require ICBC to pay the province dividends totaling some $778 million over three years, thus signaling the end of ICBC's operation as a non ...
In 2015, Desjardins Insurance acquired the Canadian operations of U.S. based insurer State Farm, [1] which made Desjardins the second largest property and casualty insurer in Canada and the largest in Ontario. [2] This acquisition almost doubled the company's premiums, increasing from 2 billion to 4 billion. [3]
Aviva Canada came into being on 31 March 1999 as the CGU Group Canada, and was created through the merger of the Commercial Union Assurance Company of Canada and the General Accident Assurance Company of Canada. The merger was the result of the 1998 merger of the mother companies, Commercial Union and General Accident, to form CGU plc.