For all the talk and stereotypes depicting today’s Generation Y as entitled, fast-tracking careerists, a new survey shows this group may have more similarities than differences when compared to previous generations. From work environment, to pay, to dressing for success and beyond, Gen Y are surprisingly traditional in their views and perhaps not quite as [...]
The Canada Employment Insurance Financing Board (CEIFB) published its first annual Employment Insurance (EI) premium rate setting report today. Along with the 2011 EI rates, the report includes forecasts for the upcoming year and cumulative deficits for the EI Operating Account. The CEIFB Board of Directors has set the 2011 EI premium rate for residents [...]
The two-year global economic crisis tested the mettle of the insurance industry’s enterprise risk management (ERM) programs. While insurers have performed relatively well, the impending implementation of Solvency II in 2012 and the increasing expectations among rating agencies are driving insurers to continue to bolster their ERM programs, according to a recent survey conducted by [...]
PwC US has acquired Diamond Management & Technology Consultants, Inc., for $12.50 per share in cash. PwC said the addition of Diamond’s experienced strategy, technology and management consulting professionals to PwC’s Advisory practice reflects the company’s commitment to enhancing its leadership position as a professional services firm. Together, the two firms provide deep and extensive [...]
Willis Group Holdings, the global insurance broker, urges insurance buyers to take “smart advantage” of ongoing soft market conditions in the 2011 edition of its Marketplace Realities and Risk Management Solutions report. The company’s long-standing annual series offers commentary and analysis on the insurance marketplace in North America for every major line and select industry [...]
Starting November 29, a new system will help keep uninsured drivers off Ontario’s roads by providing on-the-spot confirmation of insurance when drivers go to renew their license plate. In Ontario, it is mandatory for all vehicles to have valid insurance coverage. Currently, drivers are required to provide proof of insurance when renewing their vehicle’s license [...]
The government of Newfoundland and Labrador government has increased the funding allocation to the Community Enhancement Employment Program (CEEP) by approximately $4 million. “Our government has been hearing from a number of rural communities who have requested assistance for individuals requiring a short amount of hours to bridge the gap to qualify for employment insurance,” [...]
The Risk and Insurance Management Society (RIMS)is holding a CourseCast on Tuesday, November 16 from 1:00 – 2:30 PM (EST). Description: Review the types of statements taken by investigators and explore how to preserve factual and critical evidence through proper statement-taking. This program will also explore the ordinary v. expert status of witness testimony, and how to [...]
Western Financial Group announced today its operating and financial results for the three and nine months ended September 30, 2010. Its third quarter 2010 financial numbers show net income increased by 37%, with Earnings Per Share up by 7% and fully diluted Earnings Per Share up 15% over the same period in 2009. All Business [...]
Industrial Alliance Insurance and Financial Services Inc. reported a third-quarter profit of $65.4 million, up nine per cent from a year earlier as premiums and deposits rose 15 per cent in the company’s strongest quarter since the beginning of the recession. The Quebec-based insurer said its earnings amounted to 78 cents per share and compared [...]
Canada was picked No. 1 in a global survey of countries with the most favourable brand, thanks to a boost from the Vancouver Olympics. A strategy to put the country on the top podium was actually devised years before the Winter Games. It involved having a Bollywood star carry the Olympic Torch; bringing an NBC [...]
The Office of the Superintendent of Financial Institutions (OSFI) has introduced a minimum gross capital level in its 2011 Minimum Capital Test Guideline, to be effective January 1, 2011. The Office said it would appreciate industry comments on the revised draft 2011 MCT Guideline prior to November 30, 2010. In a letter, OSFI said: As [...]
View the video here on your mobile device. Narrator: While some insurance company chief information officers are driving business value and leading innovation, many have yet to move from the back office to the front lines, according to PwC’s Diamond Advisory Services. In its third annual Digital IQ Study, which surveyed 724 senior business and [...]
Looking for: Producer – Commercial Insurance (up to $125K), Southwestern, CT URGENT! Regional agency is expanding the sales team for southeastern CT and Westchester County, NY area. Will add commercial lines and group benefits producers. Break out of the large bureaucratic environment and move into a “nimble” agency with markets along with service and support. [...]
The Business Development Bank of Canada (BDC) released further results of a survey aimed at understanding entrepreneurs’ experience and intentions with regard to investment, innovation and growth. Conducted by Angus Reid Public Opinion, the survey showed that 74% of Canadian entrepreneurs consider innovation a priority for their businesses. This percentage is higher in western Canada, [...]
As the temperature continues to drop and more residents give in to turning on the furnace during the chilly nights, it’s time to realize what most of us hate to hear: winter is nearing closer and with those cold months come treacherous driving conditions through ice and snow. CAA North & East Ontario (CAANEO) reminds [...]
