February 27, 2015Daily News
Draft regulations for demutualization of p&c companies released
Canada’s Department of Finance has issued long-awaited draft regulations for the demutualization of Canadian property and casualty insurance companies.
Feb 27, 2015 5:00PM
Net income down 6.2%, premiums up 2% at FM Global
Factory Mutual Insurance Company (FM Global) announced Friday its net income for 2014 dropped 6.2% to $956.4 million, from $1.02 billion in 2013, while net premiums earned increased 2% to $3.6 billion. All figures are in United States dollars.
Feb 27, 2015 4:14PM
Improvements needed in property damage/business interruption policies, Marsh says
There are five core areas in property damage/business interruption policies where improvements are required, said a Feb. 26 report from Marsh LLC.
Feb 27, 2015 3:52PM
IBC CEO praises Nova Scotia auto insurance reform
In considering reforms to auto insurance, Ontario policymakers should look at what their Nova Scotia counterparts have done, suggested Don Forgeron, president and CEO of the Insurance Bureau of Canada, in a recent speech in Halifax.
Feb 27, 2015 2:28PM
Underwriting loss $939 million, net income $3.6 billion at State Farm property & casualty firms
State Farm reported Friday its property & casualty companies had an underwriting loss of $939 million in 2014 compared to an underwriting gain of $230 million in 2013, with net income of $3.6 billion in 2014. All figures are in U.S. dollars.
Feb 27, 2015 1:07PM
Private sector concerned about political, regulatory risk associated with helping meet global infrastructure demand: report
More News from Canadian Underwriter
Beyond the public sector, private investors and operators are needed to meet the world’s huge infrastructure demand, but they are concerned about political and regulatory risk, suggests a new report issued this week as part of the World...
Feb 27, 2015 10:43AM