Homeowners Insurance

Travelers to acquire The Dominion of Canada for $1.1 billion

From: http://www.canadianunderwriter.ca/news/travelers-to-acquire-the-dominion-of-canada-general-insurance-company/ Travelers Companies, Inc. has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited for approximately $1.1 billion in cash, subject to adjustment. The transaction is expected to close in 2013 Q4, subject to regulatory approvals and other customary closing conditions, notes a statement from Travelers. Travelers will fund the transaction, subject to market conditions, through a combination of debt and/or preferred stock financing and internal resources. The Dominion and Travelers’ Canadian operations will be integrated, with the combined organization headquartered in Toronto. “This transaction is consistent with our strategy to make thoughtful investments in attractive markets outside the United States,” says Jay Fishman, chairman and CEO of Travelers. “This is a very good opportunity for Travelers to significantly improve its market position and scale in a meaningful market,” Fishman notes, pointing out…read more →

Calgary flood damage to cost city $256M

Calgary officials say it will cost at least $256.5 million to repair damage from the flooding that devastated parts of the city last month. The preliminary estimates were discussed by aldermen on the finance committee, which met Tuesday in a temporary space in the city’s northeast because city hall in downtown Calgary is not yet fully open. Damage to the city hall complex will cost $256.5 million to repair, officials said. The historic sandstone building will not reopen until late July or even August. Committee members were told the Calgary Zoo suffered $50 million worth of flood damage, the Central Library needs $10 million in repairs, and the Talisman Centre, a multi-sports complex on the Elbow River, sustained $6.2 million in damage. Structural damage to the Calgary Police Service’s downtown administration building will cost more than $31 million to fix, the…read more →

Calgary floods spotlight cities’ costly failure to plan for climate change

Many Canadian cities and towns are ill-prepared for the rising frequency of catastrophic weather events like the southern Alberta floods, and it’s a problem that taxpayers will ultimately end up paying for, climate change experts say. “There are other disasters waiting to happen in other parts of Canada, but Calgary is a good poster child for inaction on warnings they received not too long ago,” said James P. Bruce, former Environment Canada assistant deputy minister. Many have heaped praise on southern Alberta’s emergency response after extremely heavy rain pummelled communities, with several months’ worth of rain falling in the span of hours for some areas. “From a disaster response point of view, the Calgary mayor did a fantastic job in running the whole show,” said Kaz Higuchi, a York University professor in environmental studies and former Environment Canada scientist. This…read more →

Are You A Happy Customer?

Dan Lawrie Insurance Brokers, Ltd., is excited to announce that we have recently launched a Happy Customer Program! This program has been designed with you in mind. All we ask is 5 minutes of your time. Please fill out our simple satisfaction survey. At the end of the survey, you will be prompted with the option to refer us to your friends. If you are a business owner, please pass us on to your clients so we can assist them as well. If the link above doesn’t work, simply copy and paste the following URL into your web browser: http://aom.imms.com/promotions/startpage.aspx?id=117 In exchange for referring us, we will send you a $5 gift card to Tim Hortons! Time is running out so fill in your referral as soon as possible We appreciate your support, and we are looking forward to seeing…read more →

Did You Know That A Burglar Alarm Will Lower Your Insurance Premiums!

Homeowners insurance  in Hamilton, Ontario,  is a necessity when it comes to buying a house. In fact, most mortgage companies will not finance a real estate transaction unless you provide proof that you have the proper coverage for most if not all of the property you intend to purchase. Over the next few weeks, Dan Lawrie Insurance Brokers would like to give you a few tips when it comes to purchasing homeowners insurance as well as some cost saving ideas that can actually help reduce your insurance costs. This week we will be taking a look into the world of security systems and how they can affect your homeowner’s insurance policy. One of the most effective ways to detour intruders is to obtain and install a home security system.  Typically the alarms systems are monitored 24/7 by either the alarm company itself…read more →

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