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IBC says insurers made $4.2B in 04 Consumer Assoc. calls profit obscene
ANDREW FLYNN TORONTO (CP) - Canada's auto, home and business insurers raked in profits of $4.2 billion last year and predicted that Canadian drivers will save a third of that total in premiums in 2005 because of the industry's improved finances. The Insurance Bureau of Canada said Friday that the industry's 206 companies earned $4.2 billion in profits and paid out $20.6 billion i ...
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ANDREW FLYNN TORONTO - Canadian insurers made billions more in profits last year than they have in half a decade and their gain should make drivers happy as premiums drop in 2005, an industry group said Friday. The Insurance Bureau of Canada said auto, home and business insurers raked in about $4. 2 billion in total profit in 2004.


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