View the video here on your mobile device. On March 22, Sun Life Financial celebrated its 10th anniversary since demutualizing and becoming a public company. Since Sun Life Financial began its first day of trading on March 23, 2000, the average annual total shareholder return has been 12.3%. The common share price has risen since [...]
Spring has officially arrived, along with expectations of flooding in the Red River Valley. The Insurance Bureau of Canada has reminded homeowners in Manitoba that while overland flooding is not covered by insurance, there are steps they can take to protect their belongings from water damage. To help prevent water damage during the spring thaw: [...]
Flagstone Reinsurance’s Board of Directors is recommending to the shareholders a plan to change the company’s place of incorporation from Bermuda to Luxembourg. If approved by shareholders, and subject to certain regulatory approvals, Flagstone expects the redomestication to take place over several months. Flagstone’s CEO David Brown said that Luxembourg is a major financial center [...]
Finance Minister Jim Flaherty will ask Canadians how best to reform the country’s pension system. Flaherty has announced plans for a string of town-hall meetings, expert roundtables, policy conferences and public online consultations aimed involving a wide variety of Canadians in the discussion. Ottawa wants to sound out public opinion on the state of retirement [...]
TD Bank chief executive Ed Clark says some of the rules being proposed by global banking regulators could affect Canada’s banking system negatively. Clark told investors at the company’s annual meeting in Quebec City that certain rules would require banks to put up the same amount of capital for both high-risk and low-risk assets. Clark [...]
View the video here on your mobile device. Who’s the better driver? Men or women? Recent research at insurance.com has answered the age old question. And guys? It’s time to turn over the keys. Rob Klapper, insurance.com CEO said women are the better drivers. He said they looked at more than 7 million American drivers [...]
View the video here on your mobile device. The Insurance Corporation of British Columbia has added a policy to its Corporate Policy Guide, saying that employees cannot consume alcohol during the workday, even if it’s on an unpaid meal break. According to a copy of the memo obtained by the Vancouver Sun newspaper, prior authorization [...]
View the video here on your mobile device. The Nova Scotia government is helping a firm that specializes in investment risk expand in Halifax with a six-year payroll rebate of more than $1.4 million. Castle Hall Alternatives will also receive up to $150,000 from the province for training. The government says as many as 50 [...]
View the video here on your mobile device. Finance Minister Jim Flaherty insisted he is not raising new taxes on financial services, saying reports to the contrary are misplaced. With cries of foul shouted in the House of Commons, the finance minister moved to stem fears that his department is applying a new definition of [...]
View the video here on your mobile device. The list of Canada’s Best Diversity Employers of 2010 has been released and Saskatchewan Government Insurance is included. The competition examines a number of diversity initiatives covering five major employee groups: women, members of visible minorities, people with disabilities, Aboriginal people and lesbian, gay, bisexual and transgendered [...]
View the video here on your mobile device. The ‘Great Recession’ may have ended, but its impact on the views of the Canadian workforce may, quite literally, be life-long, according to the results of new research from Towers Watson. The Global Workforce Study – a biennial survey of employee attitudes and workplace trends – confirms [...]
View the video here on your mobile device. The Financial Services of Commission of Ontario is required to deliver a statement of its priorities each year, and it has just released its draft for 2010. FSCO is focused on five areas this year, and work within these areas will be carried out along with FSCO’s [...]
Stop buying those lattes or splurging on vacations. David Dodge, former governor of the Bank of Canada, says Canadians need to save far more if they want to retire comfortably – even those Canadians who think they have great company pension plans and solid RRSPs. In a study on savings for the C.D. Howe Institute, [...]
View the video here on your mobile device. We all know that most homeowner’s policies contain an important coverage called Additional Living Expense. Generally, the amount of coverage in this area is 20 percent of the amount of insurance on the Dwelling. This percentage has been the same for years and years—even though the construction [...]
View the video here on your mobile device. The B.C. government plans to toughen motorcycling rules after a report from the B.C. Coroners Service made recommendations. Between 2000 and 2007, 286 motorcycle-related deaths were reported to the Coroners Service. In light of the rising number of fatalities, B.C.’s chief coroner convened a death review panel [...]
View the video here on your mobile device. We are all familiar with the exclusion on many personal lines and commercial policies dealing with damage caused by birds, rodents, insects and vermin. OK, birds, rodents and insects we are all terms we are familiar with. But, what the heck is a vermin? Webster’s defines Vermin [...]
View the video here on your mobile device. A new PricewaterhouseCoopers report has found that insurance CEOs are more cautious about the immediate commercial outlook than CEOs in other sectors. Fifty eight percent of executives surveyed said that the industry has already started recovering or will do so by the end of 2010, compared to [...]
View the video here on your mobile device. Seventy-seven percent of executives are willing to sweeten the pot to avoid losing their best employees when economic conditions improve, suggests a new Accountemps survey. More than half (54 per cent) of chief financial officers interviewed said they plan to increase investment in professional development and training. [...]
