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Welcome to the Internet home of Canada's premier independent news source for insurance professionals.
Along with our trusted newsweekly, available only by subscription, we also offer a value-added electronic daily service from Sept. to July.
At right is a small sample of the comprehensive coverage we provide to thousands of industry professionals.
Please see the links at left for subscription information and below for new services available for existing subscribers.
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In The News
Insurers warned to brace for more auto change
Canada’s auto insurance market is going to keep changing unless insurers change the way they think about return on equity, PricewaterhouseCoopers partner Richard Gauthier told delegates at the National Insurance Conference of Canada’s actuarial panel. He said such a change is becoming more and more crucial as the industry faces an increasingly volatile marketplace.
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Nova Scotia auto injury award cap challenged
Nova Scotia’s cap on soft tissue injury awards allows the continuation of the stereotype that sufferers are just making it up, a Dalhousie University researcher said in court as a lawsuit challenging the limit began. Professor Dr. Mary Lynch, who is also director of research of the pain management unit of the Queen Elizabeth II Health Sciences Centre in Halifax, testified that allowing victims to be painted with that brush makes the cap unconstitutional.
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Troubled insurer’s sell-off plan leads to analyst’s concern
American International Group’s plan to quickly sell off a number of “highly attractive” businesses to pay off the US$61bn borrowed so far at ‘disadvantageous’ interest rates from the U.S. Federal Reserve Credit Facility has caused a number of concerns for A.M. Best. The businesses are those other than its U.S. p&c and foreign general insurance businesses.
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Thompson’s World Insurance News
P.O. Box 1027,
Waterloo, Ontario,
Canada
N2J 4S1
Tel: 519-579-2500
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THOMPSON’S WORLD INSURANCE NEWS , Canada’s only independent weekly for p&c insurance professionals, has been the industry’s most trusted news source since 1988. |
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