News

Canadian and Bermudian insurers are more likely than their U.S. or Asian/Pacific counterparts to deliver quarterly reports on risk to their boards, according to a study by Tillinghast of Towers Perrin.The study is Tillinghast’s fourth biennial survey of risk and…

The Co-Operators has formed a cross-company committee to address concerns about insurance availability, affordability, volatility and accessibility facing the country’s non-profit and voluntary sectors.It created the committee following a 2004 advisory panel in Moncton, NB, in which community leaders raised…

The Co-Operators has formed a cross-company committee to address concerns about insurance availability, affordability, volatility and accessibility facing the country’s non-profit and voluntary sectors.It created the committee following a 2004 advisory panel in Moncton, NB, in which community leaders raised…

Year 2007 promises to be profitable for the insurance industry, experts at Swiss Re’s recent economic forum predict. “Balance sheets of most non-life insurers are very strong going into 2007 and we expect this to improve in 2007,” said Thomas…

[EDITOR’S NOTE: Please note that the following news brief about Binks Insurance Brokers of Ottawa contains information that has been clarified after a previous posting. The editor regrets any confusion the initial posting may have caused.] Binks Insurance Brokers of…

Fresh on the heels of a government-directed, 13.5% auto insurance rate decrease in New Brunswick, opposition MLAs in Nova Scotia are calling on the government in Nova Scotia to lower the province’s auto insurance rates, according to The Daily News…

Standard & Poor’s Ratings Services is maintaining its stable outlook on the U.S. commercial lines sector, saying the effects of softening pricing won’t be felt on insurers’ balance sheets until about 2008.A “stable” outlook means S&P’s expects the number of…

Wawanesa Insurance plans to abide by an agreement between insurers and the government of New Brunswick to reduce auto rates in the province by an average of 13.5%.But the province’s largest auto insurance writer said it was “concerned” about the…

The government of New Brunswick has come to an agreement with the province’s insurance industry that will see premiums drop an average of 13.5% by Mar. 1, 2007.As promised in Premier Shawn Graham’s Charter for Change, the plan involves eliminating…

Kingsway Financial Services has selected the Progress EasyAsk natural language query and reporting technology for use within its portal application.Using a customizable “dashboard interface populated with embedded queries, business users at Kingsway can instantly access up-to-date information and answers to…

Western Financial Group has announced it intends to acquire Geer Spice Insurance Agencies Ltd., Northland Insurance Services Ltd., J.W. Baker Insurance Agencies Inc. and Pomeroy Insurance Services Ltd.The transactions are expected to close in January 2007. All of the planned…

The current boom in steel demand has triggered steep rises in insurance rates and deductibles in this sector, according to a recent report by Benfield.“The dynamics underpinning this move could also prompt similar action on the mining sector,” the report…