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What's
New Archives
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| May
2002 |
Fore!
Time to Arrange your Hole in One Insurance! |
| April
2002 |
Why
are your Commercial Insurance Premiums Rising? |
| August
16, 2002 |
Announcements
from the Property and Casualty Insurance Compensation Corporation
(PCICC) regarding Markham General) |
| July
31, 2002 |
MGIC
update from IBAO |
| March
2002 |
Holman
Wins Award! |
| March
2002 |
Holman
Launches New Website! |
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Fore!
Time to Arrange your Hole in One Insurance!
It's
that time of year again. When people start thinking
about spending their afternoons on the golf course! If
your thoughts have been turning to golf lately, think
about using a Hole in One Insurance Program to parlay
the game's growing popularity into higher sales and
increased visibility for your organization.
Holman Insurance Brokers Ltd. can now arrange
Insurance Protection for your Golf Tournament,
Charity Event or Group Fundraiser. With low
premiums and insured prize values up to $50,000,
you can be the first to impress your friends and
colleagues with a par 3 Hole in One Giveaway!
In addition to the increased interest in your
tournaments you can also use the Hole in One to:
1) Enhance your visibility among a key target audience
2) Build brand awareness through an increasingly
important business
medium - Golf!
3) Develop relationships with new and existing clients
Take advantage of this promotion while Driving
conditions are Great! For more information on
Hole in One Insurance, contact
us
today or visit our Hole
in One page.
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Email
from Robert Carter received July 30:
I have reviewed the Ontario Superior Court of Justice Winding-Up
and Restructuring Act Order dated July 24th, which on application
from the Superintendent of Financial Services of Ontario,
grants the Winding-Up of Markham General Insurance Company
effective July 23rd.
The COURT has ordered that Deloitte & Touche be appointed
Liquidator.
The COURT ORDER states that any cheques or drafts not
exceeding $1,000 in respect of claims for loss under policies
which cheques or drafts were issued by the Company prior to
the making of this ORDER and which are presented for payment
thereafter, may be paid out of the estate and effects of the
Company.
The COURT ORDERS that the Liquidator may pay all valid
statutory accident benefit claims under the Statutory Act
of Benefits Schedule to the Insurance Act (Ontario) until
September 16th, 2002 or such later date as this COURT
may order.
The COURT further orders that all persons including
without limitation employees, brokers, insurance agents or
salespeople do cooperate with the Liquidator.
The COURT ORDERS that all agents or brokers holding
any money with respect to premiums to the account of the Company
forthwith pay such accounts to the Liquidator and that such
amounts shall not be reduced or offset as a result of this
Order over the Winding-Up Order or for any amounts which may
be due to any policyholders, agents, or brokers with respect
to unearned premiums notwithstanding any terms or contractual
agreements to the contrary.
The COURT ORDERS that the Liquidator shall make the
books and records available to PACICC in order to provide
PACICC with the information necessary to enable PACICC to
make voluntary compensation payments pursuant to terms of
PACICC's Memorandum of Operation. Unfortunately, there is
a bit of a glitch with respect to premium refunds in that
in PACICC's Memorandum of Operation, they are to return 70%
of premiums to a maximum of $700 on policies in force at the
time of Winding-Up. Markham General was wound up on July 24th,
however, policies were cancelled effective June 15th. PACICC
does not cover AB claims, but I expect the Liquidator will
try to arrange coverage through the Facility Association.
There are some provisions in the ORDER that we are
having reviewed by legal counsel, and we will provide you
with further information as it develops. I expect to be meeting
with FSCO and the Liquidator this week.
If you have questions with respect to your accounts with Markham
General, you are asked to contact Sherre Newell at Markham
General.
Robert J. Carter, AIIC
Chief Executive Officer
Insurance Brokers Association of Ontario |
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Richmond
Hill Chamber of Commerce 2002 Business Achievement Innovators
Award
In recognition of an individual and/or company who through
creativity, innovation or design has made a unique contribution
to their company, industry or community. Sponsored by the
Business Development Bank of Canada Toronto North.
As the economy started to slow down, customers NSF cheques
started to increase resulting in the cancellation of insurance
for good customers that could not afford to pay their insurance
premium in one lump sum.
To help alleviate these financial concerns and as a service
to their clients, Holman offered an alternative and flexible
way to pay for customers commercial insurance. Holman developed
an in house finance program and arranged seamless point
of sale premium loans. In their first full year, Holman
provided financing to approximately 700 clients and almost
$4,000,000 in premium loans.
In recognition of this achievement and other innovated ways
of delivering superior customer service, Holman Insurance
Brokers Ltd. is proud to be recognized as the winner of
the Richmond
Hill Chamber of Commerce 2002 Business Achievement Innovators
Award.
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Holman
Launches New Website
Holman Insurance Brokers Ltd. is proud to announce the launching
of their new Website. With a new user friendly layout and
links to over 75 specialized types of Personal and Business
Insurance products, clients and potential customers now have
access to a wealth of information right at their fingertips.
The addition of more than 50 customized online quote forms,
as well as an extensive insurance glossary and specialized
customer section, allows for a positive and interactive user
experience while continuing to build on our commitment to
unparalleled customer service! |
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