Industry
Auto insurance rates in Ontario remained flat in the second quarter of 2012, according to figures from the Financial Services Commission of Ontario (FSCO). Rate filings approved between April 1 and June 30 remained relatively flat, averaging a 0.06% increase, based on the entire market. As a result, auto insurance rates declined by 0.12% in […]
By Canadian Underwriter | September 19, 2012
1 min read
insPRESS
The seventh annual A.M. Best Company Insurance Marketing & Advertising Summit will be held on Wednesday, November 7, 2012, at the Hyatt Regency Jersey City on the Hudson. This year’s conference will include presentations by national speakers detailing the strategies behind their high-profile marketing campaigns, a look at statistics on the state of insurance advertising […]
By A.M. Best Co. | September 18, 2012
3 min read
Claims
B.C. residents have one more month to prepare for The Great British Columbia ShakeOut, a province-wide earthquake preparedness drill. Individuals, families, schools, churches and other groups will “drop, cover and hold on” at 10:18am on Oct. 18 for the drill, which is meant to bring attention to earthquake preparedness. ShakeOut drills are held worldwide, including […]
By Canadian Underwriter | September 18, 2012
A majority of teens included in a recent U.S. survey say their parents make risky choices while behind the wheel, though the same teens often mirror that behaviour. In a new survey from Liberty Mutual Insurance and Students Against Destructive Decisions (SADD), 66% of teens say their parents follow different rules when driving than what […]
2 min read
The United States federal government has sold the majority of its common stock in American International Group Inc. (AIG), receiving proceeds of $20.7 billion. The U.S. Treasury and Federal Reserve Bank of New York provided a $182 billion bailout to AIG following the 2008 financial crisis. The government now owns about 16% of AIG’s stock, […]
More than half (53% ) of chief financial officers said their companies’ investment risk profiles were at or near their stated risk tolerance limits, according to survey results released this month by Towers Watson. The report, which looked at CFOs perspectives on investment strategies, suggests the remaining 47% of companies were significantly under their limit. […]
Al Pereira of Aon Benfield Canada says at the 2012 ‘A.M. Best Insurance Market Briefing – Canada’ Event, held in Toronto on September 6, 2012, that catastrophe rates have risen considerably due to losses, model changes and a renewed look at tail risk [Video]: http://www.ambest.com
By A.M. Best Co. | September 17, 2012
Royal Premium Budget Canada Inc. announced its entry into Canada on Sept. 17, providing insurance premium financing in the Canadian marketplace. The company will offer customized financing through its affiliate, Burns & Wilcox Canada, a wholesale broker focused on specialty risks, to all provinces from its Toronto headquarters. “The Canadian market has been underserved when […]
By Canadian Underwriter | September 17, 2012
About 40% of major insurance organizations included in a global survey have experienced one or more security breaches in the last 12 months, according to a recent report from Deloitte. The company’s 2012 Global Financial Services Industry Security Survey, published in September, includes data from 46 major insurance companies worldwide. The insurance sector made up […]
The Institute for Catastrophic Loss Reduction (ICLR) will feature Western University’s Dr. Slobodan Simonovic during its Oct. 12 Friday Forum event on climate change related disasters. The forum will focus on changing climate hazard patterns, as urban environments are faced with pressures of rapid urbanization, population growth and exposure to natural disasters. Simonovic will discuss […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
