News

AIG boosts reinsurance coverages

AIG Commercial Insurance chief executive officer John Doyle says the group has already been presented with stockholder lawsuits.
“Yes, there have been stockholder lawsuits …

AIG stems liquidity bleeding

With just under $70 billion of the $85 billion federal government bailout loan already utilized, American International Group Inc. (AIG) will not need …

Service, not pricing, sells: J.D. Power Survey

What do insurance customers want? It might not be what insurers think—although low prices are important to Canadian home and auto policyholders, it …

Insurance Conference “A Fraud”: IBAC

An online marketing campaign for a 2009 insurance and risk management conference is likely fraudulent, says the Insurance Brokers Association of Canada (IBAC).
An …

New Leader for ICBC

The Insurance Corporation of British Columbia (ICBC) has a new leader. T. Richard Turner, chair of the ICBC board of directors, has named  …

Allstate CEO Retires

Spending an entire career at one company is surely testament to that organization–something J. Donoghue, president and Chief Executive Officer of Allstate Canada …

Insurer’s New Headquarters to Revitalize St. John’s

Downtown St. John’s is getting a makeover as Johnson Inc. begins construction on a new head office.
The company is building a 140,000 …

A.M. Best Predicts Weaker Earnings for Canadian Insurers

Although the Canadian property and casualty (p&c) insurance sector remains well capitalized, rating agency A.M. Best expects insurers’ financial statements for 2008 to …

Allianz Gives The Hartford US$2.5bn Lifeline

German-based global financial services and insurance giant Allianz Group has stepped forward with a US$2.5 billion capital investment package for ailing Connecticut-based The …

Risk managers wary of insurers’ solvency

In a recent “webinar” held by the U.S.-based Risk and Insurance Management Society Inc. (RIMS), the risk management speakers were unanimous in stating that there …

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