News

The Supreme Court of Canada has denied leave to appeal, with costs, a Saskatchewan Court of Appeal decision that struck down a class action certification against the Saskatchewan Crop Insurance Corporation.In Saskatchewan Crop Insurance v. Hicks, Saskatchewan Crop Insurance Corporation…

The Supreme Court of Canada has effectively ended a B.C. case in which a plaintiff claimed negligence and bad faith against an insurer, based on the insurer’s request for a legal opinion and for the plaintiff to provide a recorded…

The U.S. property and casualty’s net income plunged approximately 87% to US$1.2 billion in 2009 Q1, reflecting challenging investment and underwriting markets, A.M. Best says in a special report to be released July 13.The industry’s net premiums written decreased 3.8% …

Crawford & Company (Canada) Inc. has made a number of organizational changes, including the promotion of Bill Johnstone from his current role as vice president of Greater Toronto Area and Global Technical Services to the position of senior vice president…

The Traffic Injury Research Foundation has identified a growing number of cases in which people are charged with criminal drinking and driving offences, plead not guilty and then take their chances at trial. More than 40% of Canadian drunk driving…

Manulife Financial has announced that Manulife Financial Capital Trust II will be issuing $1 billion of its Series 1 notes.Manulife Financial Capital Trust II is a trust wholly owned by The Manufacturers Life Insurance Company, a release says.The transaction is…

As the recession entrenches, job loss insurance protection programs are flourishing, providing protection to people who may wish to buy a car but are spooked by the prospect of losing their jobs during the lease.Most recently, the job loss protection…

PartnerRe Ltd. has inked a US$2-billion,‘multi-step transaction’ that will see it acquire Paris Re Holdings Limited.In the first step of the transaction, expected to close in 2009 Q4, PartnerRe will acquire the shares held by several significant shareholders — including…

MySpace Inc. is immune from strict product liability if an adult sexually assaults a minor in a meeting arranged through the Internet social networking site, a California appellate court has ruled.The court ruled Section 230 of the U.S. Communications Decency…

Five-year-old risk management measures adopted by Canadian agribusiness Viterra Inc. (TSX:VT)  may soon benefit Australian farmers if a proposed merger between Viterra and ABB Grain (ASX:ABB) is finalized as planned.Subject to completion of the proposed merger between Viterra and Australian…

The Geneva Association has come up with proposed new insurance lines in four areas that would help insurers reduce risks associated with climate change, according to a research report, The insurance industry and climate change—Contribution to the global debate. The…

Andrew Cartmell has been appointed president and CEO of Saskatchewan Government Insurance (SGI). “We are extremely pleased Mr. Cartmell accepted Saskatchewan’s offer to lead SGI’s 1,800 staff forward in the years ahead,” June Draude, SGI minister, said in a release.…