Topic
Associations
ORSA leads naturally to setting an organization’s risk appetite
April 18, 2013 by Canadian UnderwriterThere is a lot to gain by executing on a good Own Risk and Solvency Assessment (ORSA) framework, Louis Durocher, senior vice president and chief actuary for Aviva Canada Inc., suggested during a symposium this week. The ORSA approach, which…
IBC, FSCO make submissions for Ontario committee’s auto insurance hearings
April 16, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada and the Financial Services Commission of Ontario were among the groups who have made submissions to a provincial legislative committee looking at auto insurance issues. The Standing Committee on General Government first began examining auto…
Modest returns on equity for private passenger auto insurers over last two years: IBC
April 12, 2013 by Canadian UnderwriterPrivate passenger auto insurers saw marginal net returns in 2012 and 2011 after recovering from a severe loss situation prior to the 2010 auto reforms, Insurance Bureau of Canada (IBC) reports. IBC commissioned J.S. Cheng & Partners Inc. (JSCP) and…
IBC launches second phase of rain barrel project in PEI
April 5, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada will launch the second phase of its Atlantic Rain Barrel Project this week, a study that looks at how collective rain barrel use can relieve stress on water systems and protect homes from water damage.…
Ontario auto continues to plague Canadian P&C insurers
April 4, 2013 Greg Meckbach, Associate EditorLoss ratios for the P&C industry as a whole in Canada have dropped but the Insurance Bureau of Canada is concerned about the auto sector in Ontario, an IBC official said Thursday. Gregor Robinson, IBC’s senior vice president and chief…
IBC finds earthquake coverage gap for homeowners
April 4, 2013 Greg Meckbach, Associate EditorThe vast majority of Quebec residents, and most British Columbia residents do not have earthquake insurance but many are under the mistaken impression that standard policies cover it or expect the government will bail them out, an Insurance Bureau of…
Government pledges $53 billion for infrastructure
March 31, 2013 byThe federal government has allocated $53.5 billion over the next decade for infrastructure across the country, a move that Insurance Bureau of Canada (IBC) has commended. In the 2013 budget, the Conservative government set out the amount for provincial, territorial…
On The Scene
March 31, 2013 byCunningham Lindsey Canada Claims Services Ltd. (Cunningham Lindsey) President and CEO Rob Seal is pleased to announce the firm’s 90th anniversary in Canada. “March 2013 marks Cunningham Lindsey’s 90th anniversary in Canada, an amazing milestone in our firm’s history,” said…
Federal government pledges $53.5 billion over next decade for infrastructure
March 22, 2013 by Canadian UnderwriterThe federal government has pledged $53.5 billion over the next decade for infrastructure across the country, a move that the Insurance Bureau of Canada has commended. The 2013 budget, delivered Thursday, set out the amount for provincial, territorial and municipal…
IBC seeks consumer input on Ontario auto insurance with interactive display
March 20, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada will soon be launching a public education display at a mall in the Greater Toronto Area focused on auto insurance issues, a hot topic in the region and Ontario generally. The “Time to Talk Tour”…
IBC surveys carriers on market for taxi insurance in Ontario
March 4, 2013 Greg Meckbach, Associate EditorA decision by a major underwriter to stop offering commercial auto insurance to some taxi drivers in Ontario, and concern from cabbies about rising premiums, has prompted the Insurance Bureau of Canada to discuss the matter with the Financial Services…
IBC meets with Ontario NDP to discuss auto insurance premiums
March 1, 2013 by Canadian UnderwriterThe Insurance Bureau of Canada is meeting with Ontario NDP leader Andrea Horwath Friday to discuss auto insurance rates in the province, after several public clashes in opinion. Horwath and her party have said they want a 15% reduction in…