News

Commercial Insurance Market “Positive”: IBC Survey

Just before the economic downturn, Canadian businesses reported better access to commercial insurance and even better pricing, according to two recent Insurance Bureau of Canada …

Briefly…B.C. Storms Cost $39 Million So Far

Winter storms on the West Coast have caused collapsed roofs, burst pipes and wind damage-and sizeable insurance losses, the Insurance Bureau of Canada (IBC) reports. …

Legal Views: Protecting Your Business When Employees Leave

One of your top-producing employees leaves your organization and, while you’re naturally worried about finding a good replacement, the non-competition agreement he or she signed …

BMO picks up AIG Life business

In a formal announcement yesterday, that came as a shock to very few, American International Group Inc. said it will sell its life insurance subsidiary …

Kingsway Financial Averts Leadership Challenge

Kingsway Financial president Shaun Jackson has averted a leadership showdown-and held onto the company’s top spot after settling a challenge from an outside group of …

Reinsurance Pricing Firming: Aon Benfield Report

Reinsurance pricing for the January 1, 2009 treaty renewals are showing signs of firming, particularly for catastrophic covers, Aon Benfield reports. In its latest Reinsurance …

Recovery will come late in 2009

Economic forecasts and pontification have bump celebrity gossip off of the front page since mid-September, but when top economists from the five biggest banks get …

Recession Still Pinching Insurers: Celent Report

Global bankers may be announcing the recession’s end, but insurers are slower to agree, even though they’re more positive about the industry’s longer-term …

Global Reinsurance Pricing On the Rise

Global property catastrophic reinsurance pricing rose year-on-year by 8% for the latest January 1 treaty renewals, with casualty reinsurance rates increasing by 5% …

Hard Market Imminent, says Advisen Report

The insurance industry is nearing the bottom of the commercial pricing cycle, and is poised for the return of a hard market, according …

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