News

As Drought Persists, Provinces Adapt Crop Insurance Programs

Government officials in two Western provinces have tweaked their crop insurance programs to aid farmers struggling with drought conditions.
Farmers in stricken areas in …

Time to raise the retirement age

Over the past several months, news headlines have been filled with the troubles pension funds have found themselves in–this, in combination with the poor state …

Tough Q1 for U.S. P&C Insurers: ISO

Private P&C insurers in the U.S. saw their net worth slide during the first quarter of 2009.  says the Insurance Services Office (ISO). …

OSFI ruling: A bank website is not a branch and can sell insurance

After months of speculation and debate, the Office of the Superintendent of Financial Institutions (OSFI) ruled that a bank’s website is not a …

All Provinces Ready for Recovery in 2010: BMO

Most Canadian provinces that experienced economic downturn in 2009 will start to see their economies rebound by 2010, according to the new Provincial Outlook …

Cost Concerns Push Back IFRS Planning: Survey

Canadian companies have more pressing priorities than converting to IFRS standards, they reveal in a recent survey.
Though the January 2011 deadline for IFRS …

OSFI Eases Part XIII Transition

The Office of the Superintendent of Financial Institutions is taking steps to ease insurers’ transition to impending insurance regulation changes.
Changes to Part XIII …

AIG plans to reduce debt by selling units to feds

American International Group (AIG) will reduce outstanding U.S. federal loans by $25 billion (US) by giving the federal government a stake in two …

Commercial Pricing Edges Downward, says RIMS Book

Commercial insurance pricing continued a downward trend in 2008, despite high catastrophe losses and the financial crisis. The average total cost of risk …

Bulletin: Classic Car Specialist Hagerty Enters Canadian Market

A U.S. insurer of classic cars is moving into the Canadian market through a partnership with the Aviva Insurance Company of Canada. Michigan-based …

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