News

Briefly…AIG Sells UAE Wealth Unit

American International Group, the one-time global insurance giant that has been laid low by the credit crisis, has …

Price adequacy is key to reducing insolvency

Two-thirds of Canadian insurers became insolvent over the past 30 years, according to research released by the Property and Casualty Insurance Compensation Corporation …

Insurer financial risk increases with market cycles

In its twentieth year of operations and amid economic turmoil, the Property and Casualty Insurance Compensation Corporation (PACICC) released its 2008 Annual Report …

Industry Gets Green Light on Renewable Energy

The stodgy image once associated with the P&C industry can be cast aside with the launch of the Green Energy Act.
Bill 150, tabled …

Cat Bond Market Steady: Guy Carpenter

Despite the poor economic climate, the cat bond market remains stable, according to a Guy Carpenter briefing.
The first quarter of 2009 saw three bonds …

Tornados Threaten Surplus, say A.M. Best Analysts

Tornadoes continue to pose a severe threat to insurers, who must factor in their growing risk to urban centres, A.M. Best analysts say in …

Following Facebook: Insurance litigation grows

Recent trends in the use of social network websites for insurance litigation.
In December 2008, after several failed attempts to serve a couple …

Economic Uncertainty–Insights from the Risk Officer

On March 30, Canadian Insurance partnered with the OHA, the Toronto Board of Trade and Meyers Norris Penny on the latest installment of the Business …

Saskatchewan Braced for Higher Auto Rates

Auto insurance rates in Saskatchewan are poised to rise for the first time in nine years.
Policyholders could see rates rise an average of 4.2% …

Managers Out of Touch on Rewards

It seems the significance of a simple pat on the back is lost on many North American managers. A recent study suggests that while managers …

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