This conference, held in Montreal on 6 May 2009, explored the evolution from subprime and asset-backed commercial paper (ABCP) meltdowns to a global credit crisis, with an emphasis on the US context and the implications for Canada. NERA Senior Vice President Dr. Faten Sabry examined the impact of the crisis on ABCP and the contagion effects in the US and Canada. Other expert presenters discussed the claims arising from this situation and addressed their impact on the Canadian insurance market.