In March 2004, the insurance industry of
Canada
reported that things were starting to look better. The
Insurance Bureau of Canada (IBC) reported profits of $2.6 billion - its best year ever and almost eight times the profits the bureau's 206 members enjoyed in the previous year. The bureau said in a news release "The average company net earning figure was approximately $13 million,"
Special types of Property and casualty insurance in Canada includes
Fidelity Insurance or fidelity bonds which are purchased by organizations to protect them against the dishonest acts of their employees.
Marine and aircraft insurance includes protection for losses to vessels, cargo, and Liability to passengers.
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