KFS gains much needed capital. The benefit to motorcycle riders is that Jevco provides a stable market for motorcycle insurance in a market with very few players. Their success will not be mitigated or influenced by a parent company.
As noted in TorontoBoy's thread entitled: News: Insurance...
Not quite. Kingsway Financial Services (KFS) owned both Jevco & Kingsway General (KG)Insurance Companies among several others throughout North America.
KG merged with Jevco under the Jevco name a couple of months ago. This at the time was still under the parent company name of KFS. Now KFS...
Kingsway Financial Services Inc. has issued a press release announcing its intention to dispose of its majority interest in Jevco, while remaining a minority investor.
Jevco has long been the most profitable Kingsway unit. This newly independent company will not be impacted by historic issues...
Just to be clear. Riders under age 21 who have not had their motorcycle license (counting from M1 date) for at least one year do not currently qualify for Jevco. However, it is possible that could change when the rating manual is revised for the next riding season. We will have to wait and...
Kingsway Financial has received regulatory approval for this change. Therefore, effective October 1st, 2009 the Kingsway General Insurance Company name has been retired and Kingsway Financial will operate under the Jevco Insurance Company brand across Canada.
Existing Kingsway General...
Effective immediately, the definition of the driving record has been amended as follows:
Driver Record "0"
Driver who has not held a driver's licence for the past 12 consecutive months: class M1, M2, or M; or
Driver having been held responsible of an at-fault motorcycle accident over the...
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