News

Industry needs to examine and focus current and future solutions, says OSFI

New risk transfer solutions need to be considered given the frequency and severity of weather-related losses, Superintendent Julie Dickson told a ballroom of …

B.C. bucks the federal system and sets own reinsurance standards

Part XIII is insufficient in protecting policyholders from unlicensed and unscrupulous foreign reinsurers and insurers and, as a result, B.C. will require …

Raising capital a serious barrier in today’s reinsurance market

Reinsurers may not find appropriate capital to cover claims should a major catastrophe hit, said a panel of reinsurance C-suite decision makers during …

Bulletin: IBAO Members Join IBAC Board; CIP Honours Leaders

IBAO Members Join IBAC Board
The Insurance Brokers Association of Canada’s  2009-2010 board of directors and executive committee will include two representatives from the …

Summer of Storms Hits Intact Policyholders, Bottom Line

The tornadoes, hail, rainstorms and wildfires that plagued Canadian provinces this summer caused over $140 million in damages to Intact Insurance policyholders.
The summer …

P&C to concentrate on six areas of focus, says OSFI

Fresh off of an international podium – where the focus was on the Canadian financial market and its regulator’s performance during the sub-prime …

Climate Change Gives Insurers “an Opportunity to Serve”: Kovacs

Climate change should be part of insurers’ corporate strategies and their larger leadership efforts, according to the head of the Institute for Catastrophic …

Alberta Cap Challenge Back on the Docket

Alberta’s minor injury cap question is back on a court docket, this time in the Supreme Court of Canada.
The accident victims involved in the …

Bulletin: Low insurance rates in 2010; JDRF attracts thousands; Ride for Diabetes research attracts thousands; OSFI seen in positive light, but needs improvement, says P&C sector

Low insurance rates expected in 2010: Economist
Low pricing conditions are expected to continue into next year as more capital begins flowing back into …

Tight Six Months for P&C Industry: ISO

The pressure is still on U.S. P&C insurers, whose net income fell by 59% during the first six months of 2009, according to the …

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