News

Aon’s Acquisition Of Benfield Casts Huge Global Net

Global insurance broker Aon Corporation is acquiring reinsurance broker Benfield Group Ltd. in a cash offer worth Cdn $1.6 billion.

Canada’s P&C Underwriting Loss A First Since 2002

Fundraising through the Lew Dunn Memorial Foundation has topped $1.7 million to date in support of colon cancer research following the …

Relatives of Auto Fatalities Call for Change to Ontario’s Auto Policy Deductible

Relatives of victims killed in automobile crashes are calling on the province to stop enabling insurance companies to keep deductible portions of monies paid on …

Many Business Owners Near Toronto Propane Blast Lacked Insurance

The process of assessing damages and tallying claims is underway as most residents near the site of Toronto’s recent propane explosion settle back in to …

Software Upgrade Saves Risk Managers Time

Boston-based AIR Worldwide Corp., the developer of widely-used risk modeling systems, has released updates to three of its programs.
Its latest version 10.0 includes a number …

Search Begins For Liability in Toronto Blast

The clean-up has begun at the site of Toronto’s massive propane explosion although a search for the parties that will be held liable …

Alberta Decides On Modest Auto Premium Hike

Alberta has settled on a rate increase for its mandatory automobile insurance.

Bad Weather Pulls ING Canada’s Earnings Down

ING Canada Inc., the country’s largest p&c insurance provider,  has reported a decline in its second-quarter profit. In a statement, the …

Insurers Wary Of ‘Green’ Building Policies

As the green movement gains popularity amongst consumers, insurers have yet to embrace it. It’s a new concept that has yet to …

Small Broker Survival Will Be Tested

Mergers and acquisitions within the brokerage sector constitute a trend that is prompting some industry watchers to forecast the near extinction …

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