The government of British Columbia has used its new civil forfeiture law to seize a 2008 Ferrari Scuderia, valued at $235,000, and a 2008 BMW M6, valued at $75,000 after the two drivers were caught street racing. BC’s Solicitor General Rich Coleman said that the Ferrari has become the most valuable vehicle forfeited to the [...]
Saskatchewan has introduced a new one-piece driver’s license, replacing the current two-part license which has a photo identification card and paper certificate. The new license will also have a longer renewal period of five years, rather than one. Customers will soon be receiving the new Saskatchewan driver’s license and now they know what it will [...]
Canada’s recovery is starting to take on the “two-economies” aspect of the pre-recession years, where resource-rich regions prosper and central Canada struggles. A new forecast from Scotiabank shows Alberta, Saskatchewan as well as Newfoundland and Labrador – three provinces rich in oil, gas and other resources – will lead Canada in economic growth next year. [...]
Allstate Insurance Company in New York has filed its sixth lawsuit of the year, in a case that seeks to prove that professional service corporations were actually owned and operated by a layperson, rather than by licensed physicians or medical professionals. Allstate says it is committed to fight insurance fraud in New York and has [...]
Lloyd’s of London has become the subject of a recruitment scam (Recruitment Fraud) in which people are being offered fictitious employment opportunities with Lloyd’s and being asked to send their personal details and / or monies. Lloyd’s said perpetrators of Recruitment Fraud can be extremely convincing and it is not uncommon for (potential) victims to [...]
View the video here on your mobile device. Carol Cheney, Director of Insurance Services for Harling’s Jewellers in Vancouver, BC shares some valuable tips when it comes time to get your jewelry appraised. Carol Cheney: We recommend every three to five years, insurance jewelry appraisals are appraising a piece of jewelry that’s made of commodities [...]
The 64 organizations identified as 2011′s Best Employers in the Greater Toronto Area (GTA) vary widely in terms of industry and workforce size. Nevertheless, research conducted by Aon Hewitt, in conjunction with the Queen’s University School of Business, indicates that they all share the key requirement to be named as one of the Best Employers [...]
QBE Insurance Group announced that it has agreed to acquire the U.S. insurance operations of Renaissance Re, which include a U.S. crop and small specialist program insurance business. The acquisition is subject to regulatory approvals, with completion expected in March 2011. The purchase price is expected to be around US$275 million, with net tangible assets [...]
A new survey released by Ernst & Young reveals an overwhelming majority of participants (82%) strongly agree that the ability to innovate is critical to the growth of their organizations during economic recovery. Yet almost half of respondents also say that generating innovative ideas becomes more difficult as their organizations grow in size and complexity. [...]
Millions of current and former TD Ameritrade customers whose contact information may have been stolen more than three years ago will be eligible to receive as much as $2,500 under a new proposed settlement agreement. But it’s not clear how many of the 6.2 million TD Ameritrade customers affected will be able to collect anything [...]
A new study released by the Institute for Catastrophic Loss Reduction (ICLR) and supported by Swiss Re outlines steps and solutions to resolve the problem of Canadian homeowners being unable to purchase insurance for overland flood damages. Currently Canadian homeowners cannot purchase overland flood insurance and instead are left to rely on government-provided financial assistance [...]
SCM Risk Management Services (RMS), in partnership with the Insurance Brokers Association of BC (IBABC), has announced the official pilot launch of iClarify services in British Columbia. More than 50 brokerages across the province have been selected to take part in the testing phase, which is expected to continue throughout the remainder of 2010, with [...]
Saskatchewan communications provider SaskTel is offering its clients cellular phone insurance through US-based eSecuritel. The program, which marks the first time SaskTel is delivering a cell phone insurance option to its customers, offers subscribers with a replacement device if their existing handset is lost, stolen, damaged or suffers electronic issues after the original manufacturer’s warranty [...]
Manitoba’s Attorney General Andrew Swan, minister responsible for Manitoba Public Insurance, announced that owners registering a most-at-risk vehicle for the first time in Winnipeg or a vehicle to commute to Winnipeg will be given a shorter, 60-day grace period to have an immobilizer installed in their vehicle. This new grace period takes effect Dec. 1 [...]
Manulife Financial Corp. says it expects to nearly triple its net profits to $4 billion a year by 2015. President and chief executive Donald Guloien told investors at a conference in Toronto on November 19 that the financial recovery by Canada’s largest insurance company will follow “a very good glide path” over the next four [...]
View the video here on your mobile device. The Canadian Snowbird Association calls itself the “voice of traveling Canadians” – and it is. It represents more than 80,000 Canadian seniors who spend at least part of the year away from home. The Association’s official insurer is Medipac Travel Insurance. After 16 years of working with [...]
