Archive for December, 2010

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New Year’s Day busiest holiday for US vehicle thieves

English essayist Charles Lamb wrote that “New Year’s Day is every man’s birthday.” It’s typically a day most spend relaxing and resolving to start the year off wisely. But for American auto thieves, it’s another busy day at work. The US-based National Insurance Crime Bureau reports that of all holidays, New Year’s Day sees the [...]

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HST, difficult sell for politicians, with career killing downside

It’s been called a pig, a ghost, a monumental government screw up and a career killer. And that’s just what members of the B.C. Liberal government are saying about the harmonized sales tax, which they quietly introduced in July 2009 less than three months after a third consecutive election victory. Others haven’t been nearly as [...]

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10 challenges for CEOs in 2011

Has the role of a Chief Executive Officer changed? “Leading a company now demands that the chief executive officer take on the mantle of Chief Diplomat, Chief Talent Officer, and Chief Image Manager, in addition to his or her more traditional responsibilities,” says Stephen A. Miles, Vice Chairman of Heidrick & Struggles and head of [...]

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Twelve days of tax tips: The twelfth day

On the twelfth day Ernst & Young says to, check this list twice and have a happy holiday season! Check out the full list: The first day of tax tips The second day of tax tips The third day of tax tips The fourth day of tax tips The fifth day of tax tips The [...]

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The New Year Resolution Blues

View the video here on your mobile device.

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Insurance news of 2010 – The fourth quarter review

A new year begins on Saturday and if the momentum from the fourth quarter of 2010 drives it at all, it will be another busy year in the insurance industry. During the last three months of the year, one thing on the minds of many Canadians was driving, especially distracted driving.  Newfoundland and Labrador, New [...]

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Canadian companies unprepared to address new technology risks

Less than a third of global businesses, including Canada’s, have an IT risk management program in place capable of addressing the risks related to the use of new technologies, says Ernst & Young. Borderless security, the firm’s annual global information security survey, reveals that in spite of the rapid emergence of new technology, only one [...]

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Manitoba appoints adjudicator to handle privacy complaints and inquiries

The Manitoba government has appointed its first information and privacy adjudicator to help resolve access and privacy complaints, Culture, Heritage and Tourism Minister Flor Marcelino announced. “The adjudicator will strengthen a system that gives Manitobans access to information they need while protecting their privacy,” said Marcelino. “We are acting on what Manitobans advised us to do [...]

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Allstate sues Countrywide, Bank of America over $700M in toxic investments

Allstate Corp. has filed a federal lawsuit against Countrywide Financial Corp. over US$700 million in toxic, mortgage-backed securities that the insurer bought beginning in 2005, only to see their value decline rapidly. The suit, filed Monday in Manhattan federal court, targets Countrywide, its co-founder and longtime CEO Angelo Mozilo and other executives, as well as [...]

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Internet use has a dark side for Canadian Companies

View the video here on your mobile device. It’s hard to imagine a world without the internet. In 2000, a mere 12% of Canadian households used the internet. Today, that number has grown to 75 % which translates to 25 million people happily surfing the web every day. And for businesses, it’s much the same. [...]

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Cross examination beats up RCMP officer’s injury claim

I’m passing this Post Script entry on to BC ICBC injury claims lawyer Erik Magraken.  Enjoy and thanks, Erik! -Julie. Cross Examination Beats Up RCMP Officer’s Injury Claim As previously discussed, cross examination is one of the most important tools in a trial lawyer’s arsenal.  This tool can be used both during examination for discovery [...]

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New coverage for luxury vehicles in Alberta

Luxury vehicle owners in Alberta will have a new insurance option on January 12, when Chubb Insurance Company of Canada rolls out its Masterpiece auto insurance package. Chubb’s Masterpiece coverage includes cover for: Original replacement parts Liberal loss of use provisions with up to $5,000 to rent a replacement vehicle Coverage for accommodation and travel [...]

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Japan’s No. 2 life insurer Dai ichi to buy Tower Australia for $1.2 billion

Japan’s second-largest life insurer, Dai-ichi Life, says it will take full ownership of Australian insurer Tower Australia. Dai-ichi Life Insurance Co. said on December 28 that it will buy the remaining stake in Tower Australia Group Ltd. for about 100 billion yen ($1.2 billion). The Japanese insurance company currently holds a 29 per cent stake [...]

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Insurance news of 2010 – The third quarter review

The third quarter of 2010 began with a howl as the hurricane season started and promised to be quite extreme. Hurricane Alex struck first in  Mexico, causing about $200 million in damages. Earl walloped parts of Atlantic Canada and the US Eastern Seaboard, quickly causing millions in damages. Karl hit Mexico hard, with early estimates [...]

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Twelve days of tax tips: The tenth day

On the tenth day of tax tips from Ernst & Young, invest in the future. Make RESP contributions for your children and the federal government will donate a Canada Education Savings Grant in the process. Missed the other days of tax tips? Find them here: The first day of tax tips The second day of [...]

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When the bed bug bites

View the video here on your mobile device. They feast in the dead of night . . . nocturnal carnivores that draw blood from unsuspecting human hosts. Entomologists call them Cimex Lectularious, the rest of us call them bed bugs . . . Bed bug infestations are more common than people think. And they can [...]

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Insurance news of 2010 – The second quarter review

The second quarter of 2010 brought with it many insurance headlines – and challenges – in Canada and around the world. The following is an overview of what made headlines from April through June. In April, British Columbia’s Solicitor General and Minister of Public Safety (and also the Minister in charge of ICBC) resigned due [...]

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Twelve days of tax tips: The ninth day

On the ninth day of Ernst & Young’s tax tips, consider who’s been naughty and nice at work. Corporate business owners should make decisions about final remuneration. They should remember that holiday bonuses don’t have to be included in their employees’ 2010 personal income if paid in the first 179 days of 2011, allowing for [...]

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