Ike’s Cost To Insurers Approaches $14 Billion

Insurers are collectively facing loses that could ring in as high as $14 billion as a result of damage by Hurricane Ike.
Swiss Reinsurance Co. announced …

Small Cars In Minor Collisions Prove Costly To Repair

Those fuel efficient, environmentally responsible small model cars that are becoming increasingly popular could be a money pit when it comes …

AEGON Reaffirms Its Canadian Market Operations

AEGON insurance and investment company has decided that continuing operations in Canada will maximize shareholder value. The announcement follows a …

A.M. Best Delivers Good Prognosis For Canada’s P&C Sector

Despite the tumultuous state of the financial markets worldwide, Canada’s property and casualty sector is poised to weather instability.
That was the …

Big Merger Complements New Trucking Safety Program

Formerly competitors in the insurance marketplace, Safety Insurance Service (1959) Ltd. and Jones DesLauriers Insurance Management Inc. have joined forces to …

U.S. Federal Reserve Rescues AIG From Collapse

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Canadians Becoming More Litigious

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Canadians have become as inclined to take their battles to court as their United States counterparts over the past five years, …

AIG Reaches Deal To Avert Fiscal Crisis

Following negotiations throughout this past weekend with New York state officials, the American International Group Inc. (AIG) has managed to avert …

IBC President Announces Sudden Resignation

Insurance Bureau of Canada’s President and CEO, Mark Yakabuski, has resigned from the organization.
He was in the position since January 1 when …

Ike Damages Estimated To Be Costly

Although the total losses caused by Hurricane Ike have not been tallied as of Monday, insurers are pegging initial estimates at amounts …

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