News
Credit scoring debate heats up despite potential industry ignorance
Romana King on October 2, 2009
One integral disparity in the industry today is the use—or misuse—of credit scoring.
According to Rodney Hancock, CEO of McFarlan Rowlands and chair of the Insurance …
Industry needs to examine and focus current and future solutions, says OSFI
Romana King on October 2, 2009
New risk transfer solutions need to be considered given the frequency and severity of weather-related losses, Superintendent Julie Dickson told a ballroom of …
B.C. bucks the federal system and sets own reinsurance standards
Romana King on October 2, 2009
Part XIII is insufficient in protecting policyholders from unlicensed and unscrupulous foreign reinsurers and insurers and, as a result, B.C. will require …
Raising capital a serious barrier in today’s reinsurance market
Romana King on October 2, 2009
Reinsurers may not find appropriate capital to cover claims should a major catastrophe hit, said a panel of reinsurance C-suite decision makers during …
Bulletin: IBAO Members Join IBAC Board; CIP Honours Leaders
October 2, 2009
IBAO Members Join IBAC Board
The Insurance Brokers Association of Canada’s 2009-2010 board of directors and executive committee will include two representatives from the …
Summer of Storms Hits Intact Policyholders, Bottom Line
October 2, 2009
The tornadoes, hail, rainstorms and wildfires that plagued Canadian provinces this summer caused over $140 million in damages to Intact Insurance policyholders.
The summer …
P&C to concentrate on six areas of focus, says OSFI
Romana King on October 1, 2009
Fresh off of an international podium – where the focus was on the Canadian financial market and its regulator’s performance during the sub-prime …
Climate Change Gives Insurers “an Opportunity to Serve”: Kovacs
Terri Goveia on October 1, 2009
Climate change should be part of insurers’ corporate strategies and their larger leadership efforts, according to the head of the Institute for Catastrophic …
Alberta Cap Challenge Back on the Docket
Terri Goveia on September 30, 2009
Alberta’s minor injury cap question is back on a court docket, this time in the Supreme Court of Canada.
The accident victims involved in the …
Bulletin: Low insurance rates in 2010; JDRF attracts thousands; Ride for Diabetes research attracts thousands; OSFI seen in positive light, but needs improvement, says P&C sector
September 28, 2009
Low insurance rates expected in 2010: Economist
Low pricing conditions are expected to continue into next year as more capital begins flowing back into …