“I was absolutely flabbergasted when Desjardins bought State Farm,” said Cooke. “And with State Farm’s large book of Ontario clients – a book that has traditionally not been profitable – you have to ask yourself, why?”
Cooke theorized that Desjardins is looking ahead, looking to capture those clients and place itself in the position to service those auto clients in the future.
http://www.insurancebusiness.ca/news/telematics-the-death-knell-for-brokers-177022.aspx