News

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 …

With Economy Down, Are Uninsured Drivers On the Rise?

People are making hard choices in a tough economy, and some may choose to forego auto insurance, says the Insurance Research Council, which predicts that …

Profit Warning for Kingsway

Projected “material” fourth-quarter losses at Kingsway Financial Services has the company redoubling its restructuring efforts.
The Toronto-based company expects fourth quarter results to show a US$324 …

Rotman Dean Shares Leadership Lessons

Member of the Insurance Institute’s CIP Society will get lessons in leadership from someone well-versed on the topic: Roger Martin, dean of the Rotman School …

ICBC Steps Up Anti-Fraud Efforts

British Columbia’s public auto insurer will play a major role in the province’s latest anti-fraud efforts. The Insurance Corporation of British Columbia (ICBC) will issue …

Stimulus plans to drive inflation: Rubin

The bull market for bonds may be on its last legs already, as governments the world over will soon tap the debt markets to fund …

Little Ripple Effect from ING Canada Sale

The sale of ING’s Canadian operations won’t make significant waves in the P&C industry, according to industry experts.
The deal doesn’t have an impact on …

Swiss Re Seeks Capital Boost

After reporting a C$1.05 billion (CHF1 billion) net loss for 2008, Swiss Re Group is turning to Warren Buffett’s Berkshire Hathaway Inc. for C$3.2 billion …

Rotman Dean Shares Leadership Lessons

Member of the Insurance Institute’s CIP Society will get lessons in leadership from someone well-versed on the topic: Roger Martin, dean of the Rotman School …

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