Westland Insurance Group Ltd. announced it has acquired two brokers, based in Alberta, Canada, effective October 1, 2020.

Ironside Insurance Brokers is a family-owned brokerage located in Carstairs, Alberta. Its professional insurance advisors are experts in residential, auto, life, travel, recreation, farm and commercial insurance services.

G&E Insurance has been providing insurance products to Picture Butte, Alberta, and its surrounding area for over 35 years. Their professional advisors provide residential, auto, travel, recreation, farm and commercial insurance services.

Westland’s new retail offices support the company’s expansion strategy to serve more communities in Alberta and across Canada.

With these acquisitions, Westland will be adding two branches and 19 employees in Alberta. Post-acquisition, Westland will have over 1500 employees and 131 offices in British Columbia, Alberta, Saskatchewan and Manitoba.

About Westland Insurance Group

Westland Insurance Group is a property & casualty insurance brokerage established in 1980 in Ladner, British Columbia. The company is one of Canada’s largest independent P&C insurance distributors with over 130 offices throughout British Columbia, Alberta, Saskatchewan and Manitoba. Westland specializes in home, business, farm and auto insurance.

Source: Westland Insurance Group

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Alberta’s superintendent of insurance issued more than $1.5 million in fines against 16 auto insurance companies for overcharging motorists for coverage, but what hasn’t been revealed is how much extra money drivers had to pay. 

The Insurance Bureau of Canada and several of the penalized companies say the money has already been refunded to drivers.

The TD Bank Group, which includes Primmum Insurance, Security National Insurance Company and TD Home and Auto Insurance, received $885,000 in fines, the highest amount among all of the companies that were penalized.

The TD Bank Group issued a statement to CBC News saying the overcharges were the result of a system error that affected some customers’ policies. The company says the error was disclosed to the superintendent of insurance and “all impacted current and past customers” were reimbursed with interest. 

“We regret the inconvenience this may have caused some of our customers and have taken all measures to correct our system to ensure customers have the right coverage that fits their specific needs and circumstances,” said the statement.

Intact Insurance was fined $165,000 over the four-year period, the second highest among the penalized companies. Economical Insurance and its affiliate Sonnet Insurance were fined the same amount. The company said the error was the result of a technical issue and anyone who was overcharged was given a refund.

“This related to a technical error, which until early 2019 impacted a small number of our customers through both overcharges and undercharges on their premium,” said Paul MacDonald, an executive vice-president with Economical Insurance.

“As soon as we became aware of the error, we fully refunded any overcharged amounts to customers, self-reported the situation to the superintendent of insurance in Alberta, and enhanced testing with a view to preventing this type of error from happening again,” said