News

Will Customer Satisfaction Drive Rebound for Insurers?

If shoppers will help spur an economic rebound, then property casualty insurers are well positioned to recover before other industries, according to a recent study …

Briefly…EFI Global, Cunningham Lindsey, Join Forces

Forensic engineering firm EFI Global has joined forces with adjusting specialist Cunningham Lindsey, the two companies announced last week. The merger combines the resources of …

Briefly…Munich Re Maps Natural Hazards

Munich Re has added to the industry’s risk research toolbox—creating a virtual map of the world’s natural hazard zones. The company launched this year’s Globe …

Recession Fails to Dampen Canadian Buyouts

The economic doom and gloom that dominated the latter half of 2008 did not decimate Canada’s buyout industry, according to a report.
Deal activity in …

Equity markets pummel insurers’ earnings

The rapid sell-off on equity markets in Q3 and Q4 of 2008 took a heavy toll on Canada’s top insurance carriers, but Sun Life, Manulife …

Engaging DC Plan Members

Plan sponsors frequently struggle with their members’ involvement and the choices they make. In times of economic downturn, engagement becomes even more important. But what …

Briefly…New CEO for Swiss Re

Swiss Re has tapped its deputy chief to lead the company through the current economic climate.
Stefan Lippe will take the reins at the reinsurer …

Court Upholds Injury Cap in Nova Scotia

A Nova Scotia Supreme Court judge has upheld the province’s cap on auto accident minor injuries, keeping it at $2,500.
Industry members welcomed the long-awaited decision, …

Credit Scores “Unacceptable” Risk Tool: FSCO

Ontario’s financial services commission has weighed in on credit scores, warning auto insurers that using them as a risk tool conflicts with the Insurance Act.
Lifestyle …

GM Cutting 10,000 Jobs, Reducing Pay

General Motors will shed 10,000 salaried jobs globally and reduce pay for some U.S. workers in an effort to control costs and keep US$13.4 billion …

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