Tuesday, July 29th24.6°C
21450
22412

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

21411


Recent Trending




Today's Market
S&P TSX15446.55+1.33
S&P CDNX1016.50-3.35
DJIA16912.11-70.48
Nasdaq4442.698-2.211
S&P 5001969.95-8.96
CDN Dollar0.9212-0.0004
Gold1310.00+6.70
Oil101.06+0.09
Lumber322.20-0.80
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.185-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.20+0.05
Cantex0.085+0.02
Anavex Life Sciences0.2675+0.0025
Metalex Ventures0.085+0.005
Russel Metals35.29+0.14
Copper Mountain Mining2.86-0.11
Colorado Resources0.2250.00
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.035+0.015
Mission Ready Services0.155-0.035

 



22770

FEATURED Property
19836697200 Cottonwood Drive
3 bedrooms 3 baths
$675,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22707