News

FSCO Solutions Could Boost Tort, Pricing: Insurers

Ontario’s insurers aren’t convinced that the recent review of the province’s auto insurance system bodes well for coverage pricing or access.
After taking a …

AIG, Zurich, Sign 21st Century Insurance Deal

AIG will sell its U.S. personal auto insurance business to Zurich Financial Services subsidiary Farmers Group, Inc. in a $1.9 billion (US) deal.
The …

BrieflyRIMS 2009 Highlights Emerging Risks, ERM

The Risk and Insurance Management Society (RIMS) hosts thousands of risk professionals at its annual conference in Orlando, Florida this week. RIMS 2009 …

Briefly…AIG Sells UAE Wealth Unit

American International Group, the one-time global insurance giant that has been laid low by the credit crisis, has …

Price adequacy is key to reducing insolvency

Two-thirds of Canadian insurers became insolvent over the past 30 years, according to research released by the Property and Casualty Insurance Compensation Corporation …

Insurer financial risk increases with market cycles

In its twentieth year of operations and amid economic turmoil, the Property and Casualty Insurance Compensation Corporation (PACICC) released its 2008 Annual Report …

Industry Gets Green Light on Renewable Energy

The stodgy image once associated with the P&C industry can be cast aside with the launch of the Green Energy Act.
Bill 150, tabled …

Tornados Threaten Surplus, say A.M. Best Analysts

Tornadoes continue to pose a severe threat to insurers, who must factor in their growing risk to urban centres, A.M. Best analysts say in …

Cat Bond Market Steady: Guy Carpenter

Despite the poor economic climate, the cat bond market remains stable, according to a Guy Carpenter briefing.
The first quarter of 2009 saw three bonds …

Economic Uncertainty–Insights from the Risk Officer

On March 30, Canadian Insurance partnered with the OHA, the Toronto Board of Trade and Meyers Norris Penny on the latest installment of the Business …

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