Risk

Insurers should focus on micro-solutions for climate change

In order to respond to the rising costs of climate change-related damages, insurance companies are going to have to focus more on micro-solutions (i. e. on a policyholder-by-policyholder basis), Colin Empke, partner at Blaney McMurtry LLP, told delegates at the Canadian Defence Lawyers 4th annual insurance coverage symposium in Toronto in February 2008. Empke was […]

March 31, 2008

1 min read

Moves (April 01, 2008)

Ted Belton, who dedicated half a century of his life to the Canadian insurance industry, died of a cardiac arrest in Toronto on Mar. 12. Belton is perhaps best known as the president and CEO of Edward F. Belton Enterprises Inc. and Forecast Publishers, the publisher of The Belton Report. The Belton Report, discontinued upon […]

March 31, 2008

6 min read

RIBO supports risk-based approach to regulation (April 01, 2008)

The Registered Insurance Brokers of Ontario (RIBO) supports the plan to move forward with a risk-based approach to regulation as outlined in the Canadian Council of Insurance Regulators’ (CCIR) paper, An Approach to Risk-Based Market Conduct Regulation. The CCIR released the paper in January 2008 with the intent of fostering dialogue between regulators and stakeholders […]

March 31, 2008

1 min read

ING Canada’s 2007 Q4 net income drops

Canada Inc. reported net income of Cdn$95.8 million for 2007 Q4, down from $109.4 million in 2006 Q4, mainly due to lower results from invested assets, the company notes. “Our investment activities continue to generate substantial interest and dividend income, but recent unfavourable capital markets conditions led to a net loss of Cdn$3.3 million on […]

February 29, 2008

15 min read