View the video here on your mobile device. The Insurance Bureau of Canada and the Financial Services Commission of Ontario have stated that the changes to the province’s auto insurance system will give consumers choice while still providing the most generous medical and rehabilitation benefits in the country. ILSTV asked IBC’s Vice President of Policy [...]
A majority of Canadians report that quality customer service is more important to them in today’s economic environment (58%) and will spend an average of 7% more when they believe a company provides excellent service. However, in a challenging economy where growth is harder to achieve, many businesses are missing out on this opportunity. Over [...]
A strong earthquake hit New Zealand’s South Island, causing strong ground motions and damage in Christchurch, New Zealand. Reported as a preliminary magnitude 7.4 event, the (revised) magnitude 7.0 event occurred at 4:35 AM local time on Saturday, September 4. The 12 kilometer deep earthquake occurred about 35 miles WNW of Christchurch and 200 miles [...]
Industrial Alliance Insurance and Financial Services Inc., Canada’s fourth-biggest insurer, said Friday it has acquired the life insurance policies of California-based Golden State Mutual for US$11 million. The transaction was carried out through Quebec-based Industrial’s wholly owned U.S. subsidiary, IA American Life Insurance Co., based in Scottsdale, Ariz.. The Golden State block of business involves [...]
New Brunswick NDP leader Roger Duguay said that, if elected, the party would triple the provincial cap on minor injury compensation to $7,500. In a statement on his website, Duguay said The Bernard Lord-era decision to cap compensation for accident victims at $2,500 has been a disaster for middle class New Brunswickers that have experienced [...]
View the video here on your mobile device. Medical and rehabilitation benefits across Canada Ontario’s Standard auto insurance package is changing, and the accident benefits coverage is impacted. But how do the changes compare with the rest of the country? Here’s a breakdown of medical and rehabilitation benefit limits in Canada in provinces with non-governmental [...]
Ironshore Environmental has expanded its suite of asset-class specific SPILLS programs to provide comprehensive environmental coverage to the Hospitality Sector. Ironshore’s Environmental Hospitality program offers asset protection against a broad range of site pollution exposures, including Mold, Legionella, Contingent Business Interruption, Norovirus and Recreational Water Illnesses (RWI), as well as other facility-borne infectious viruses and/or [...]
With the cost of an undergraduate degree currently estimated at $80,000, it is essential for parents to start saving early for their children’s future post-secondary education. The recent TD Canada Trust Education and Finances Survey showed that many of today’s students are having a tough time managing financially – and it is taking its toll. [...]
View the video here on your mobile device. The Coalition Representing Health Professionals in Automobile Insurance Reform is represented by a wide range of caregivers, including physiotherapists, chiropractors, occupational therapists, social workers and speech-language pathologists. The Coalition’s co-chair, Dorianne Sauvé, says that a hard limit on minor injury benefits can lead to a “gray zone.” [...]
ICBC will reduce its basic insurance rates by 2.4% beginning November 1, 2010, following a decision from the British Columbia Utilities Commission (BCUC), which is responsible for regulating basic insurance rates in the province. “Any reduction in our insurance rates is good news for our customers and we thank them for their smart driving decisions [...]
Financial executives are more optimistic today than they were this time last year, according to the annual Robert Half Global Financial Employment Monitor. The vast majority (83 percent) of financial leaders surveyed worldwide are at least somewhat confident in their companies’ growth prospects, including 30 percent who are very confident. Respondents also reported challenges locating [...]
View the video here on your mobile device. We asked Patrick Brown, a partner at McLeish Orlando LLP and former president of the Ontario Trial Lawyers’ Association if the changes in the Ontario auto insurance system will have an impact on the personal injury litigation process. Pat Brown: Yes, for sure they will. Hopefully the [...]
Climate change could significantly increase the risk of hurricanes and storms in the Caribbean and threaten future development in the region, concludes a new study released by the Caribbean Catastrophe Risk Insurance Facility (CCRIF). Damage from wind, storm surge and inland flooding already amounts to 6% of GDP per year in some countries, according to [...]
Full-time employees of large companies in the United States or more spend on average two-thirds of their working hours in a sitting position, according to a new study conducted by Ipsos Public Affairs on behalf of Ergotron. On average, full-time employees of companies with 1,000 or more employees report spending an average of 21 hours [...]
The owners of the World Trade Center site formally approved a deal on August 26 to help back a developer’s bid for two more office towers alongside the main tower with over US$1 billion in financing, ending a year-long dispute that has bedeviled redevelopment plans. The Port Authority of New York and New Jersey’s board [...]
