Recent studies indicate that consumer’s attitude towards insurance fraud is “softening” – that is, more people find it morally acceptable to commit insurance fraud, particularly during a period of economic downturn. In Canada, the Insurance Bureau of Canada (IBC) estimates that between 10% and 15% of all claims paid contain an element of fraud. Premeditated  more...

Falling hard on the heels of the worst month (June) for insured aviation losses since 9/11, July has worsened air disaster results for 2009 with the crash Wednesday of a Caspian Airlines jet in Iran. The Russian-built Tupolev jet crashed shortly after takeoff from Tehran, killing all 168 passengers and crew.  This is the 6th  more...

Two high-profile passenger jet crashes make June the worst for insured aviation losses since 9/11. The Air France crash off the coast of Brazil on the first day of the month resulted in 228 fatalities; the Yemeni Air flight originating in Paris crashed off the Comoros archipelago in the Indian Ocean June 30th killing 153.  more...

The world of insurance may seem stuffy and dry, but hardly a significant news story passes without leaving a wake of ripples in the insurance industry, some of which are felt long after the news item is off the front pages.  Example: the death of Michael Jackson. The O2 is a 20,000 seat concert facility  more...