News

Data Breach “Isolated,” says ICBC Head

A data breach at the Insurance Corporation of British Columbia (ICBC)
has sparked a privacy and information review at …

IBAO Intensifies Lobby for Credit Score Ban

Executive members of the Insurance Brokers Association of Ontario (IBAO)
are stepping up efforts to ban the use of …

Briefly…Alta. Insurance Council Launches Survey

The Alberta Insurance Council wants consumer feedback on supplemental
insurance products. The council is asking Albertans who’ve recently

Briefly…EDC, Credit Insurers Create $1-Billion Credit Facility

A collaboration between Export Development Canada (EDC) and private credit
insurers will offer up to $1 billion in domestic …

Briefly…AIG Hastens Asian Life Spin-Off

American International Group (AIG) will spin off its Asian life business
sooner than planned. The company said it will …

40% increase in auto insurance associated health care costs

Ontario auto insurance is in crisis, but blaming insurers isn’t
the answer, says the new president of the Insurance …

Economy Slows Hard Market’s Arrival: Advisen

Distressed insurers like AIG could prolong soft market conditions in
some sectors, but the incoming hard market will likely …

Boards Need “Healthy Skepticism”: OSFI Superintendent

The “next wave” of the financial crisis will

Briefly…BC Insurer Cuts Rates for Electronic Stability Control (ESC)

British Columbia drivers who install electronic stability

More Losses for AIG, But Liddy Notes “Progress”

Restructuring challenges, market conditions and even bad
publicity continue to buffet AIG’s results—the insurance and financial services
company reported net losses of $4.3 billion (US) for the …

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