News

Vancity sells P&C operation, keeps life unit

The Co-operators has inked a deal with Vancity to buy Vancity Insurance Services Limited (VISL), the credit union’s subsidiary for home, auto, travel and business …

Recession Prompts Revamped Risk Management: Survey

The recession is reshaping risk management strategies at U.S. organizations, as managers try to cut costs and give exposures a second look.
Just under …

Bulletin: Edmonton Assesses Storm Damage, B.C. Braces for Wildfire Fallout

Officials in Edmonton are still tallying up the damage after a violent weekend storm, while industry representatives in British Columbia brace for the …

Strong Recovery in 2011: Conning Forecast

Insurers won’t see significant performance recovery until 2011, according to the latest forecast from Conning Research and Consulting.
The ongoing recession continues to put …

Canadians oblivious to improving markets

Canadian investors remain cynical despite a steady thaw in the economy, mostly because they are still unaware of the green shoots.
A Franklin Templeton survey …

B.C. Drivers Back Safety Regulations

Drivers in British Columbia are behind a proposed ban on texting and cell phone use.
Although most drivers admit that they talk on the …

Bulletin: Alta Govt. Wants Input on Insurance Regulations

The Alberta government wants feedback on ongoing changes to insurance regulations. Over the next few months, Alberta Finance and Enterprise will accept stakeholder …

Bulletin: New President for SGI

Longtime insurance executive Andrew Cartmell has taken the helm at Saskatchewan Government Insurance (SGI). The insurer named Cartmell, a former Co-operators regional vice …

Wildfires increasing due to climate change, say scientists

U.S. scientists say climate—not high temperatures or longer fire seasons—is the most significant factor in wildfires.
The increase in wildfires in the Western United States …

Expanding wildfire season adds to insurers’ burden

Though not as severe as the 2007 wildfire season, the 2008 season included about $640 million (US) in direct property losses from three …

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