Risk
STRICT RATE REGULATION HAS INDIRECT ROLE IN INSOLVENCIES: PACICC Inadequate pricing is the primary reason why insurers fail, and strict rate regulation is among several contributors to inadequate pricing, the Property and Casualty Insurance Compensation Corporation (PACICC) says in its recently released report, Why Insurers Fail: Inadequately Pricing the Promise of Insurance. PACICC’s most recent […]
April 30, 2009
2 min read
Industry
ONTARIO AUTO RATES INCREASE IN 2009 Q1 BY ABOUT 1% Auto rate applications approved by the Financial Services Commission of Ontario (FSCO) for 2009 Q1 averaged +0.95% based on the entire market. In 2009 Q1, the average rate change was +3.09% for the 30.91% of the market that had approved changes when weighted by market […]
1 min read
Danielle Boulet, the new chair of the Canadian Council of Insurance Regulators (CCIR), has 16 years of international experience that is well-suited to her new role.
By David Gambrill, Editor | April 30, 2009
5 min read
This year marks the fifth time in 20 years that the Ontario auto insurance product will be reformed. But what truly needs to change is the cycle of crisis and reform that leads to escalating costs for insurers and higher rates for consumers.
By Don Forgeron | April 30, 2009
4 min read
Insurers have entered the brand name game in a big way, and the auto collision repair industry plays a key role in delivering the value proposition to the brand name in a claim situation.
By Lisa Mercanti-Ladd | April 30, 2009
6 min read
The Insurance Institute for Highway Safety is analyzing the way crash tests are conducted to help explain why fatal crashes still occur in vehicles with good crash test ratings.
By David Zuby | April 30, 2009
Ontario insurers looked to the Ontario regulator to diagnose and cure the province's ailing auto insurance product. And while they hail the province's diagnosis, the treatment, they say, isn't strong enough to keep insurers from having to raise consumers' auto insurance rates.
18 min read
RIMS 2009 Conference; Panelists at the RIMS 2009 Conference in Orlando, Florida discussed the need for a more focussed approach to insuring intellectual property and reputation risks.
By Vanessa Mariga, Associate Editor | April 30, 2009
Brokers are now acutely aware of the importance of accurately assessing the financial strength of their markets. But what are they to make of the various measurements of a company's solvency during these recessionary times?
8 min read
2009 Swiss Re Breakfast; After two years of record profits in 2006-07, the rollercoaster plunged downwards in 2008 Q4, and expect the ride in 2009 to be scary as well.
By David Gambrill, Editor & Vanessa Mariga, Associate Editor | April 30, 2009
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