News

Americans cut back on insurance to reduce spending

A new study by the Insurance Research Council finds that many Americans are reducing their insurance costs due to the financial restraints they are experiencing …

25% of Canada’s private companies plan to adopt IFRS

Canada’s Accounting Standards Board (AcSB) plans to release its private company financial reporting framework (GAAP) by April 30. Private companies will have to adopt either …

Will Tougher Auto Theft Laws Work?

Will new auto theft offences and tougher penalties translate into lower crime rates? They did south of the border, says the spokesman for …

Risk Managers ” Doing More With Less” During Economic Crisis

Despite the rising risks that accompany the economic crisis, international risk management departments are “doing more with less.”
Many organizations with revenues topping $1 billion …

Big blow: No caps, rules and lessons from the banking sector

Expect a more rules-based approach to financial services regulation, explained a leading legal expert on corporate insurance.
Brian Rose, senior partner at Stikeman Elliott, told …

Premiums poised to increase with harmonization tax

Financial services—including the P&C industry—are the losers in the push for tax harmonization within Canada.
This was the message Danny Cisterna, partner at Deloitte …

Forgeron to Head IBC

Longtime spokesman for the P&C industry, Don Forgeron, will lead the Insurance Bureau of Canada (IBC) as its new president and CEO.
Forgeron has represented …

FSCO Solutions Could Boost Tort, Pricing: Insurers

Ontario’s insurers aren’t convinced that the recent review of the province’s auto insurance system bodes well for coverage pricing or access.
After taking a …

BrieflyRIMS 2009 Highlights Emerging Risks, ERM

The Risk and Insurance Management Society (RIMS) hosts thousands of risk professionals at its annual conference in Orlando, Florida this week. RIMS 2009 …

AIG, Zurich, Sign 21st Century Insurance Deal

AIG will sell its U.S. personal auto insurance business to Zurich Financial Services subsidiary Farmers Group, Inc. in a $1.9 billion (US) deal.
The …

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