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Ontario auto continues to slow industry results     (Copyright Thompson’s World Insurance News     Not to be redistributed by individual recipients.)     First quarter data for Canadian p&c insurers compiled by MSA Research shows a significant improvement for the industry over the same period last year.     The industry-wide combined ratio fell to 97.1% this year from 104% for the period last year.     And the number for personal lines companies fell to 99.4% from 106% for Q1 2009.     But MSA Research ceo Joel Baker described Ontario auto results in Q1 as “still horrible,” pointing to a direct loss ratio of 92.2% and an accident benefit loss ratio of 144%.     Data released to MSA subscribers shows p&c insurers combined for after-tax net income of $838m for the period, up more than 300% from last year.     Claims and adjustment expenses for the industry fell more than 5% compared to Q1 2009 and net investment income was up almost 13%.     Net income for Alberta-based companies soared to $18.4m in the first quarter of 2010, compared to just over $6m in the same period of 2009, the provincial regulator’s data shows.     Only two of the eight posted net losses, Canadian Farm Insurance Corp. (-$129,000) and Mennonite Mutual Insurance Co. (-$150,000).     More in our June 14 2010 edition        Thompson’s World Insurance News P.O. Box 1027,  Waterloo, Ontario,  Canada  N2J 4S1 Tel: 519-579-2500 Fax: 519-745-7321 mpub@sympatico.ca 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.