Canadian Underwriter

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Don Forgeron


News CatastrophesClimate ChangeInsuranceReinsurance

Landmark federal investments for disaster-proofing communities, enhancing resilience: IBC

March 23, 2017 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has voiced the property and casualty industry’s strong support for the federal government’s move to beef up investments aimed at enhancing resilience by better disaster-proofing communities. As part of the 2017 Federal Budget tabled Wednesday,

News CatastrophesClimate ChangeConstructionEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ

January 6, 2017 by Canadian Underwriter

Severe weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the

News CatastrophesInsuranceMergers and Aqcuisitions

Flood insurance ‘must be affordable:’ IBAC

December 16, 2016 by Canadian Underwriter

Residential flood insurance should be available and affordable and the government should provide a backstop without being an “insurer of first resort,” the Insurance Brokers Association of Canada said in a document released this week. Personal flood insurance “must be

News CatastrophesConstructionInsuranceMergers and AqcuisitionsReinsurance

Preparing Canada for inevitable earthquake recognized as a national social and economic threat: IBC’s Forgeron

November 22, 2016 by Canadian Underwriter

Preparing Canada for an inevitable earthquake is a priority for the insurance industry, as this is recognized as a “national social and economic threat,” said Don Forgeron, president and CEO of the Insurance Bureau of Canada (IBC), in response to

News CatastrophesClimate ChangeInsurance

IBC commends federal government’s focus on infrastructure and flood mitigation in 2016 fall economic statement

November 2, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is applauding the Government of Canada’s focus on infrastructure investments and flood mitigation in its recently released Fall Economic Statement 2016. In the statement, released on Tuesday, the federal government proposed $21.9 billion over

News AssociationsInsuranceMergers and AqcuisitionsProfessional Development

Insurance industry moving too slowly, must keep pace: Forgeron

October 25, 2016 Angela Stelmakowich, Editor

Canada’s property and casualty industry – in need of a regulatory environment that fosters the innovation and responsiveness consumers are demanding – is at risk of losing pace to new competitors, Don Forgeron, president and CEO of Insurance Bureau of

News AssociationsInsuranceLegislation / RegulationMergers and Aqcuisitions

More fairness in Ontario auto insurance needed to fix the system: IBC’s Forgeron

October 24, 2016 by Canadian Underwriter

Fairness is still lacking in Ontario’s auto insurance system and a balance needs to be struck between both lower premiums and the right level of benefits, Don Forgeron, president and chief executive officer of Insurance Bureau of Canada (IBC), said

News Climate ChangeInsuranceMarkets / Coverages

IBC applauds federal government’s approach to carbon pricing

October 4, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) has applauded the Government of Canada’s pan-Canadian approach to pricing carbon pollution. “IBC congratulates the government on today’s carbon pricing announcement,” IBC president and CEO Don Forgeron said in a statement on Monday. “Severe

News CatastrophesInsuranceMarkets / Coverages

Balance crucial for capital requirements on earthquake, OSFI superintendent Rudin says at NICC

September 30, 2016 Angela Stelmakowich, Editor

VANCOUVER – Capital requirements could always be increased to cover an extreme event, such as a huge earthquake in British Columbia, but a balance must be struck, Jeremy Rudin, superintendent of the Office of the Superintendent of Financial Institutions (OSFI),

News CatastrophesClimate ChangeConstructionInsurance

Climate change forcing builders to rethink how they design structures: expert

June 27, 2016 Alexandra Posadzki - THE CANADIAN PRESS

TORONTO – Severe weather events like wildfires and floods are becoming more frequent and more difficult to predict, forcing architects and engineers to rethink how they design buildings, infrastructure and cities. Brock Schroeder, managing director of engineering firm Entuitive, says

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Canada must work to be better-prepared for natural disasters: IBC’s Forgeron

May 18, 2016 by Canadian Underwriter

Canada needs a “thoughtful, sustainable approach” to address losses associated with severe weather, including floods and fires that are expected to become a growing problem in future, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), suggested in

News AssociationsCatastrophesInsuranceMergers and Aqcuisitions

Catastrophic earthquake could threaten Canada’s p&c industry, government backstop needed for “unthinkable” events: IBC

April 22, 2016 by Angela Stelmakowich

A catastrophic earthquake could threaten Canada’s property and casualty industry, clearly illustrating the need to have in place a government backstop, Sylvie Paquette, chair of the Board of Directors for Insurance Bureau of Canada (IBC), said following IBC’s Annual General