News

Credit scoring debate heats up despite potential industry ignorance

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

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

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

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

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

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

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

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

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

Low insurance rates expected in 2010: Economist
Low pricing conditions are expected to continue into next year as more capital begins flowing back into …

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