Canadian Underwriter

Keyword
IBC


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 CatastrophesInsuranceMergers and Aqcuisitions

Moose Jaw, Sask. storm in July results in more than $71 million in insured damage, CatIQ reports

October 25, 2016 by Canadian Underwriter

A severe storm that swept through Moose Jaw, Sask. during the third week of July has resulted in more than $71 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ), which delivers detailed analytical and meteorological information

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 CatastrophesInsurance

IBC invites Quebecers to try out earthquake simulator

October 4, 2016 by Canadian Underwriter

As part of an earthquake preparedness campaign, the Insurance Bureau of Canada (IBC) is touring Quebec and will be inviting residents of participating cities to experience a unique sensation inside the ‘Quake Cottage,’ a mobile earthquake simulator. Starting Oct. 6,

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 Climate ChangeInsuranceMergers and Aqcuisitions

IBC applauds Ontario government’s focus on auto insurance reforms

September 23, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is applauding the Government of Ontario for “continuing to make auto insurance reforms a priority” as the government released mid-point mandate letters for all Cabinet Ministers. One of the key items in Minister of

News CatastrophesInsuranceMergers and Aqcuisitions

Estimated $66 million in insured damage from severe summer storms in southern Prairies: IBC, CatIQ

September 8, 2016 by Canadian Underwriter

Recent severe storms that swept through the southern Prairies – producing heavy rainfall, large hail, high winds, tornadoes and extreme lightning – are estimated to result in insured damage topping $66 million. The damage estimate released by Insurance Bureau of

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Almost $65 million in insured damage from severe summer storm in Alberta, Saskatchewan

August 24, 2016 by Canadian Underwriter

A severe storm that swept through southern Alberta and Saskatchewan in the third week of July has prompted an insured damage estimate of almost $65 million, reports Insurance Bureau of Canada (IBC), based on figures provided by Catastrophe Indices and

News CatastrophesInsuranceMergers and Aqcuisitions

Severe summer storm in southern Ontario causes $30 million in insured damage: CatIQ

August 10, 2016 by Canadian Underwriter

A severe summer storm that swept through southern Ontario during the second week of July has resulted in more than $30 million in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). CatIQ, which delivers detailed analytical and meteorological

News CatastrophesInsuranceMergers and Aqcuisitions

June storms in Ontario and Prairies cost about $34 million in insured damage: CatIQ

July 19, 2016 by Canadian Underwriter

The storms that hit Saskatchewan, Manitoba and Ontario on June 24 and 25 caused more than $34 million in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). A press release issued on Tuesday by the Insurance

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Fort McMurray #468 First Nation selected by SPECS to carry out wildfire debris removal

July 18, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) has announced that Fort McMurray #468 First Nation has been selected by Specialized Property Evaluation Control Services Ltd. (SPECS) to carry out the coordinated demolition and debris removal initiative following the Fort McMurray wildfire.