News

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 …

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 …

Insurers Limit Losses With Percentage Deductibles

In an effort to limit exposure to catastrophic events during this storm season, insurers along the United States coastal regions are …

N.S. Insurance Review Board Disbanded

Nova Scotia has announced that it will discontinue its Insurance Review Board and transfer the regulatory responsibilities to the …

Damage Awards Don’t Apply in Some Foreign Jurisdictions

Insurers don’t necessarily have to pay out damages caused by an uninsured motorist if the collision happens in a jurisdiction that does not …

Crisis Could Leave Some Provinces More Vulnerable Than Others

Should significant natural disasters strike simultaneously in more than one region in Canada, the long-term implications could be worse for some …

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