News

Commercial Pricing Evens Out: Towers Perrin

Commercial lines pricing fell less than 1% during the first quarter, and the stabilized rates indicate that the soft market is bottoming out, …

Auto Caps Re-instated in Alberta

The Alberta Court of Appeal overturned a prior provincial court decision to remove caps on payouts for soft-tissue injuries incurred through automobile accidents.
The appeal …

Risks to financial system unchanged: BoC

The Canadian financial system remains in flux, with risks posed by domestic financial institutions declining while household balance sheets and the global economy are worsening.
All …

Unions Highlight Hybrid Safety Issues

Salvage workers, estimators and inspectors working for public insurers need better training and safety processes for dealing with hybrid vehicles, according to two …

Bulletin: Review Pandemic Risks: Marsh

Global insurance broker Marsh is urging companies to review their pandemic plans and insurance coverage  after the World Health Organization (WHO) raised its …

Bulletin: AXA Insurance Looks to Job Cuts

The head of AXA Insurance says impending job cuts are “a necessary step toward profitability.” The company said that it would eliminate over …

Insurance execs expect growth in next 12 months

Insurance executives are cautiously optimistic with many expecting to experience growth in the next 12 months, according to a recent survey by KPMG …

Brokers across the country react to online bank insurance selling

Brokers need to get active and get political in light of the recent ruling by the Office of the Superintendent of Financial Institutions …

La Capitale General Insurance sends contracts via the Internet

La Capitale General Insurance continues to support environmentally friendly initiatives by sending insurance contracts to clients by the CAP Direct client access website.
As …

Over-regulation, Protectionism Top Recession Risks: Insurance CEOs

Insurance leaders are confident that the industry will weather the recession, but say consumer demand and other economic factors will be their biggest risk over …

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