May 1, 2005 by Canadian Underwriter
The industry was overwhelmingly in favor of the Insurance Bureau of Canada’s decision to release consolidated financial data for its members as early as possible. The Canadian Underwriter Web Poll for April asked “Was it a good decision to release industry financial data as early as possible?” A full 76.95% of 282 respondents say “yes”. Just 19.15% say the decision was not a good one, while 3.9% answered that they were unsure.
One reader comments, “IBC should release the breakdown of companies’ annual results – not just one figure. Most customers (and some newspapers) think that that is only auto and homeowners results.”
In May, CU asks “Will commercial insurance rates soften significantly across the board through the remainder of 2005?” To participate, visit www.canadianunderwriter.ca and to add comments to your vote, just click on “Feedback” at the bottom of the page.