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IBC urges Northern Ontario MPPs to defeat Bill 45
Bill would ban use of territory as a rating factor in auto insurance; IBC’s Ralph Palumbo says MPP’s “meddling” is “reckless”
Tag: "Insurance Industry"
ILS Introduction to General Insurance (ILS IGI), Canada’s newest Level 1 licensing program for the insurance industry, now available in Manitoba
Following its great success in British Columbia, the ILS IGI Program is now available for students throughout Manitoba
Insurance industry drives $780 million to New Brunswick economy
By ILSTV Staff on Apr 20, 2012 in Canadian Insurance
New Brunswick’s insurance industry directly contributed $440.1 million in 2010 to the provincial economy. When all spinoff effects are included, the total impact rises to $781.2 million
IBC ‘encouraged’ about government’s commitment to disaster mitigation
Don Forgeron, President and CEO of Insurance Bureau of Canada, is encouraged that the Government is committed to discussing issues associated with the impact of severe weather
With insured losses at $116 billion, 2011 was second-costliest year for insurers
Economic losses were highest in history in 2011; insured losses second-costliest on record, says Swiss Re
Lloyd’s announces $800 million loss for 2011
Make no mistake, 2011 was a difficult year for the insurance industry. Given the scale of the claims, a loss is unsurprising but it reflects what we’re here to do – help communities and businesses rebuild after disaster,” said Lloyd’s Chief Executive Richard Ward
Will robots one day sell insurance?
Robot demonstrates skills useful to the insurance industry.
ILScorp Insider: April 2012 Edition
What’s happening in the month of April, 2012 at www.ilscorp.com and www.ilstv.com
IBM’s Watson heads to the bank
After a stint on television and in the health insurance industry, Watson is pairing with Citigroup to improve banking for customers
Tornadoes devastate Midwest United States
On average, tornadoes and related event have accounted for nearly 57 percent of all catastrophe losses per year since 1953
Is there room for innovation in the insurance industry?
View the video here on your mobile device. This video first ran in October 2011. Narrator: In PwC’s Diamond Advisory Services’ recent Digital IQ Study, more than 60 percent of respondents said that the Chief Information Officer has an understanding of how advances in IT could significantly influence or change their company’s core products and [...]
Catastrophes cost US P&C industry $408 billion since 1990
Natural catastrophe caused claims payouts to U.S. P&C policyholders grew seven-fold as a share of total claims payouts between 1960 and 2010
ILS Introduction to General Insurance program brings new option for Level 1 insurance licensing in British Columbia
By ILSTV Staff on Jan 25, 2012 in ILScorp Insider
Launch of ILS Introduction to General Insurance brings the classroom to the student with ILScorp’s Level 1 general insurance salesperson’s licensing program
World underinsured against earthquake risk
Earthquake insurance penetration is highest in New Zealand, and is very low in Japan, particularly for commercial properties
Earthquakes, weather-related catastrophes make 2011 a record year for economic losses
Most – 90 percent – of the natural disasters were weather-related, but two-thirds of economic losses and about half of the insured losses were from geophysical events, principally from the large earthquakes
P&C insurers in BC, Alberta must become GIO members
By ILSTV Staff on Dec 22, 2011 in Canadian Insurance
Governments of Alberta and BC require all P&C insurers to be members of the General Insurance OmbudService as of July 1, 2012
IBAO names Rick Orr as new President
By ILSTV Staff on Dec 16, 2011 in Canadian Insurance
Rick Orr, co-owner of Orr Insurance Brokers Inc. in Stratford, Ontario becomes 69th President of IBAO
Insurance brokers support Nova Scotia auto reforms
“When legislative changes occur in the insurance industry it is important that educational materials and communication vehicles are well established to ensure consumers are aware of the changes being implemented,” says IBANS executive director Karen Slaunwhite
Nova Scotia introduces auto insurance reforms
Changes will see medical and rehabilitation expenses rise from $25,000 to $50,000
