Economical continues preparations as it awaits draft demutualization regulations

The hope was that draft federal regulations around demutualization would have been available by now, but the wait for this pivotal stage has not slowed Economical’s preparations for either an initial public offering (IPO) or a sponsored transaction with one or more strategic investors toward that end. “We had hoped to be able to report […]

By Canadian Underwriter | September 4, 2012

2 min read

Telematics get more buy-in from U.K. men than women

Men seem more willing than women in the United Kingdom to have vehicles fitted with telematics devices that can monitor driving behaviour and set insurance premiums, note findings from a poll commissioned by Towers Watson. The poll of 1,930 people – with responses weighted by gender and age group – showed a more than 60/40 […]

By Canadian Underwriter | September 4, 2012

2 min read

Gulf states clean up in wake of Hurricane Isaac

After Hurricane Isaac was downgraded to a tropical storm late Aug. 29 and then a tropical depression a day later, it began its soggy path north through the mid-United States, crossing into Arkansas, Missouri and expecting to dump rains on Illinois and Indiana by early Sept. 4. Louisiana, Mississippi and Alabama were left to clean […]

By Canadian Underwriter | September 4, 2012

2 min read