Risk

Facility seeks 41% rate increase in Newfoundland

The industry’s pool for insuring high-risk drivers is asking the Newfoundland Public Utilities Board to approve a 41% hike in rates in that province.The Facility Association (FA), which offers mandatory insurance coverage to drivers who have been refused in the voluntary market, will go before the board to make its request tomorrow. The increase would […]

By Canadian Underwriter | December 10, 2002

1 min read

Government works towards risk management program for farmers

In the wake of devastatingly bad conditions, both drought and flood, damaging crops this year, governments are working towards a risk management program for the agriculture industry.This week, federal, provincial and territorial agriculture departments met to review proposals on the plan, part of the Agricultural Policy Framework.The APF includes a business risk management program, to […]

By Canadian Underwriter | December 5, 2002

1 min read

Auto insurance still topping IBC concerns

Despite the introduction of new legislation to deal with some of the issues plaguing Ontario’s auto insurance market, and the decision not to open up B.C.’s auto market to competition, auto remains a top priority for the Insurance Bureau of Canada (IBC) in the year ahead. At the IBC’s annual general meeting, CEO Stan Griffin […]

By Canadian Underwriter | December 4, 2002

2 min read

Primary Insurer Strategies 2003: The Next Round

The year past was marked by financial downgrades of insurers and reinsurers, investment write-offs, falling capacity, multi-million dollar reserving adjustments and a scarcity of new capital. And, oh yes, this year was the first “real round” of the so-called “hard market” as the property and casualty insurance industry pricing cycle rocketed upward in the aftermath […]

November 30, 2002

21 min read