For well over a century, hundreds of competing property and casualty insurance companies in Canada have honoured millions of claims – amounting to billions of dollars – promptly, and in full. Insurance company failures, although rare, can and do occur. That’s why Canada’s property and casualty (P&C) insurance companies fund a special program, approved by government regulators, to protect policyholders and claimants. In the unlikely event of the collapse of a P&C insurer in Canada, the industry-funded, non-profit Property and Casualty Insurance Compensation Corporation (PACICC) will respond to claims of policyholders under most policies issued by P&C companies. You don’t need to apply for protection; it is extended automatically to eligible policies.
Members of PACICC are the private companies which insure the homes, cars, business and other property of Canadians. As part of its preparedness, PACICC maintains a liquidity fund that is sufficient to cover the early cash flow requirements of an insolvent insurer.
PACICC’s mission is to protect eligible policyholders from undue financial loss in the event that a member insurer becomes insolvent. We work to minimize the costs of insurer insolvencies and seek to maintain a high level of consumer and business confidence in Canada’s property and casualty insurance industry through the financial protection we provide to policyholders.
Company Details
- Employees
- 14
- Founded
- -
- Address
- 80 Richmond St W, Suite 607,canada
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- http://www.pacicc.ca/
- HQ
- Toronto, Ontario
- Competitors
- Asia-Pacific Property & Casualty Insurance Co., Ltd., Burns & Wilcox, Avatar Property & Casualty Insurance, Canadian Investor Protection Fund (CIPF), American Property Casualty Insurance Association, Homeowners Choice Property & Casualty Insurance Company, Inc., Universal Property & Casualty Insurance Company, National Marketing Property & Casualty Insurance, Inc., Assuris (Canada), Zurich North America.
Property And Casualty Insurance Compensation Corporation Questions
Property And Casualty Insurance Compensation Corporation's website is http://www.pacicc.ca/
Property And Casualty Insurance Compensation Corporation's LinkedIn profile is https://ca.linkedin.com/company/pacicc-canada
Property And Casualty Insurance Compensation Corporation has
14 employees.
View email and phone details for 14
employees at Property And Casualty Insurance Compensation Corporation.
Property And Casualty Insurance Compensation Corporation's industry is
Insurance
Property And Casualty Insurance Compensation Corporation's top competitors are
Asia-Pacific Property & Casualty Insurance Co., Ltd.,
Burns & Wilcox,
Avatar Property & Casualty Insurance,
Canadian Investor Protection Fund (Cipf),
American Property Casualty Insurance Association,
Homeowners Choice Property & Casualty Insurance Company, Inc.,
Universal Property & Casualty Insurance Company,
National Marketing Property & Casualty Insurance, Inc.,
Assuris (Canada),
Zurich North America.
Property And Casualty Insurance Compensation Corporation's categories are Insurance
Property And Casualty Insurance Compensation Corporation's founding year is 1989
