Industry

Zurich works with Simon Fraser University on climate change research

Zurich Canada is working with Vancouver’s Simon Fraser University (SFU) to examine options for adaptation to extreme weather events caused by climate change. The ACT/Zurich Canada Extreme Weather Events program kicks off in May 2008. It will bring together Canadian and international experts to examine the challenges, publicize the issues and recommend policy options to […]

September 30, 2007

1 min read

Ontario now regulating driving schools, driving instructors

Ontario’s Ministry of Transportation (MTO) is now regulating driving schools and instructors, a move supported by the Insurance Bureau of Canada (IBC). As of Sept. 1, the Ontario government has been regulating schools offering beginner driver education, an MTO release says. A new curriculum standard will be implemented by the end of this year. It […]

September 30, 2007

1 min read

Global reinsurance rates decrease 2%

In its annual review of the worldwide catastrophe insurance market, reinsurance intermediary Guy Carpenter & Company notes 2007 global reinsurance rates decreased 2%, compared to a 32% increase in 2006. “The hurricanes of 2005 had no obvious impact on Canadian markets,” the report says. “However, as many of the reinsurers operating in Canada are branches […]

September 30, 2007

1 min read

Canadian reinsurers here to stay after Bill C-37

Representatives of the Canadian reinsurance market assured delegates of the A.M. Best Canadian conference that their Canadian branches are here to stay, despite recent changes to the Insurance Companies Act contained in Bill C-37. Changes to Part 13 of the act address whether reinsurers must to report to the federal regulator, the Office of the […]

September 30, 2007

1 min read