A look at our neighbor to the north By Dennis Pillsbury Kenneth J. Yeaglin, CPCU, AIM, is president and CEO of The Hartford, Canada. A place where the market is wide open and awards for pain and suffering are limited.
Punitive damages are minimal.
Well, it does exist. It almost sounds like utopia. But, as with anything, there's also a downside. And, just as in the United States, Canada is suffering from a seemingly unending soft market. IBC says that the combined ratio is expected to drop from 107.8 in 1998 to 106.8.