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. [...]
Louise Leclerc, AXA’s Vice President, Technical Claims, has received the Mildred Jones 2010 Insurance Woman of the Year award, presented by the Association des femmes d’assurance de Montréal at the annual gala of the Institut d’assurance de dommages du Québec. "This prestigious honour, which is yet another highlight in a remarkable professional career, recognizes Louise’s [...]
View the video here on your mobile device. An online petition called Ontarians Against FSCO Recommendations for Auto Insurance has collected over 4,900 signatures in less than a year. Started in April 2009 by a consortium of healthcare providers including assessment, treatment and rehabilitation service providers, the petition reacts to the FSCO’s Report on the [...]
ICBC is sharing some true tales of fraud. In this case, a learner driver finds out that lying does not come cheap. The young driver learned an expensive lesson about the perils of ignoring the requirements of the Graduated Licensing Program and then lying about it. Driving without an experienced driver over 25 in the [...]
View the video here on your mobile device. A new report from companiesandmarkets.com, a U.K.-based market research report repository, finds that the Canadian insurance sector is “mature and competitive “but “it is unlikely to achieve rapid growth through our forecast period — this is in spite of its advantages and a generally favourable outlook for [...]
A Burlington, Ontario woman is suing Great-West Life Assurance for $2 million, alleging that the insurance company helped destroy her marriage after one of its employees had an affair with her husband. Joanne Fraleigh says that Great-West was negligent and failed to properly supervise its employees after former senior benefits representative Catherine Lake Killen engaged [...]
View the video here on your mobile device. It all started in 1804, years before the Bank of Nova Scotia was even created. The insurance industry in Nova Scotia has been a strong presence and, as a new report points out, a strong economic force. The Insureconomy report, commissioned by the Greater Halifax Partnership and [...]
A U.S. federal appeals court has ruled that Lloyd’s of London must pay claims related to the defense costs of alleged Ponzi scammer Allen Stanford. Stanford, along with his codefendants, sued Lloyd’s in November 2009 after the insurer said it would not pay for legal fees associated with the fraud charges, because of a money [...]
View the video here on your mobile device. The public is being asked to help make Saskatoon roads safer with a pilot program called Report Impaired Drivers, or RID. This crime prevention project encourages Saskatoon residents to call 911 and report suspected impaired drivers to the police. June Draude, the minister responsible for SGI, said [...]
View the video here on your mobile device. Manulife Financial announced the completion of a $194.5 million financing with Boralex Inc. for the construction and long term operation of a portfolio of nine 10 megawatt ("MW") wind farms in south-western Ontario. Manulife formed and led a syndicate of Canadian life insurance companies to provide a [...]
View the video here on your mobile device. AccuWeather.com Hurricane Center meteorologists, led by Chief Long-Range Meteorologist and Hurricane Forecaster Joe Bastardi, have released their early hurricane season forecast for the Atlantic Basin for 2010. The forecast is calling for a much more active 2010 season with above-normal threats on the U.S. coastline. Bastardi is [...]
View the video here on your mobile device. EagleEye Analytics, the leading provider of predictive analytics solutions to the property and casualty insurance industry, announced the successful launch of its predictive analytics solution and advisory services in the Canadian market. The company is based in South Carolina and helps enables insurance companies to achieve underwriting [...]
ICBC is sharing some true tales of fraud. In this case, a misrepresentation in an insurance renewal proves costly. A recent crash teaches us all a lesson about the importance of correctly answering the annual insurance renewal question: “Are you the principal operator?” Falsely declaring someone else as the principal operator saved one owner a [...]
A unit of Aon has sued Marsh &McLennan, one of its closest rivals, accusing the company of attempting to steal trade secrets, poach clients and “rob Aon of its key employees.” The complaint, filed in Manhattan district court, by New York-based Aon Risk Services Northeast names March & McLennan, Marsh USA and three former employees [...]
View the video here on your mobile device. Plans to force all five million of England’s dog owners to buy pet insurance have been scrapped, just a week after they were first introduced by the government. The government said that the idea came in the wake of growing public concern that irresponsible dog owners may [...]
