Saturday, April 19th-0.2°C
21427
20446

Desjardins to grow its home-auto insurance business with State Farm Canada deal

MONTREAL - The State Farm Canada business is being acquired by Desjardins, which expects to gain about 1.2 million customers in several provinces.

The Quebec-based financial co-operative will operate the business as a separate unit with about 1,700 State Farm employees and 500 agents.

Desjardins says it expects the deal to close in about a year, in January 2015, after going through the regulatory review process.

It expects to become Canada's second-largest provider of property and casualty insurance, which includes home and auto coverage.

The Canadian Press


Read more Business News

20828


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.90720.00
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 



21297

FEATURED Property
1912114608-1947 Underhill St
2 bedrooms 2 baths
$299,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...

_



21604

21604


Member of BC Press Council


21202