View the video here on your mobile device. Statistics Canada estimates that nearly 21 million hours of work were lost in November due to the flu. It says 1.5 million employed people reported they were absent from work that month as a result of the H1N1 flu or seasonal flu. That’s roughly nine per cent of [...]
View the video here on your mobile device. Canadians are taking steps to improve their finances and keep more of their money according to a recent poll by Angus Reid Public Opinion for H&R Block Canada. Eighty-six per cent of Canadians have taken at least one step to improve their financial situation in the last [...]
View the video here on your mobile device. Kingsway Financial Services Inc. announced January 25 a proposed sale of its Jevco Insurance subsidiary to Westaim Corp. in a deal worth about $263 million. Jevco specializes in providing non-standard insurance for autos, recreational vehicles, commercial autos, property and liability. The company also provides surety insurance for [...]
View the video here on your mobile device. Kanetix, the online marketplace for insurance quotes, released the results of its Quebec quarterly car insurance premium study. The study identified a 9.8 per cent average decrease in the lowest auto insurance rates quoted on Kanetix in the third quarter of 2009 compared to the same period [...]
View the video here on your mobile device. A recent court case in Alberta tackled the question of whether an extended warranty is insurance. The defendant in the case – the province of Alberta – had assessed tax against the plaintiff, the Brick Protection Corporation, under the Tax Statutes Amendment Act. It started in July [...]
View the video here on your mobile device. The Nova Scotia government has launched a review of the province’s $2,500 cap on insurance awards for those who suffer minor injuries in automobile accidents. Finance Minister Graham Steele says the review will examine the need to provide fair compensation while ensuring that premiums are affordable. The [...]
View the video here on your mobile device. The Alberta Superintendent of Insurance has amended the minor injury amount, increasing the limit by 0.3 percent. The maximum amount recoverable for non-pecuniary losses from minor injuries caused in motor vehicle accidents in Alberta is now $4,518. The cap was set at $4,000 when it was first [...]
View the video here on your mobile device. On the last day of 2009, Prime Minister Stephen Harper prorogued the Canadian Parliament after an eleven month session. Some critics have claimed that the timing of the prorogation was for partisan reasons, particularly to avoid scrutiny over questions regarding the treatment of Afghan detainees by Canadian [...]
View the video here on your mobile device. ILSTV did surveillance on a couple of private eyes to find out how they work with the insurance industry. Private Eye #1: Anything that you think from watching movies and watching TV what a private investigator would do, we do, pretty well. Very seldom do we get [...]
View the video here on your mobile device. The Finance Services Commission of Ontario has approved increases in auto insurance rates averaging 2.5 per cent for the final quarter of 2009. That would bring the average premium increase for 2009 to 8.77 per cent, compared with a 5.6 per cent hike in 2008. Approved rates [...]
View the video here on your mobile device. Former financial adviser Earl Jones has pleaded guilty to two charges related to defrauding investors of about $50 million. Jones entered the plea in a Montreal courtroom on January 15. Jones ran a Ponzi scheme that led to the disappearance of millions of dollars in investors’ savings. [...]
View the video here on your mobile device. SPECS Limited, a Canadian provider of independent property damage valuations and cost control services has opened a new office in Regina, Saskatchewan. Founded in 1995, SPECS Limited – Specialized Property Evaluation Control Services – was started to fill the need for experienced and professional property loss, insurance [...]
View the video here on your mobile device. Canada’s economic recovery is becoming more solidly entrenched with the private sector beginning to play an increasingly pivotal role in leading the country out of recession, the Bank of Canada said January 21st in its latest policy report. In a mildly upbeat assessment of the recovery, the [...]
View the video here on your mobile device. Groupe Promutuel and Desjardins Group, two Québec leaders in the cooperative and mutual sectors, have announced the signing of an agreement-in-principle towards the implementation of a business partnership regarding the distribution of financial products and services, such as mortgage loans and savings products. The terms of the [...]
View the video here on your mobile device. While meeting with life insurance professionals in Toronto on January 15, Finance Minister Jim Flaherty addressed the rules between insurance companies and banks and online sales of insurance products. Flaherty said “In the near future the government will be coming forward with a formal proposal that supports [...]
View the video here on your mobile device. RBC Economics says it expects RRSP contributions will continue to decline through 2020, as more of the baby boom generation moves into retirement. RBC assistant chief economist Paul Ferley says RRSP contributions grew steadily for three decades starting in the late 1960s but began falling in the [...]
View the video here on your mobile device. Ship owners are facing a more modest range of general increases – at 4.54 percent on average – on their protection and indemnity (P&I) premiums at the annual February renewal, as predicted by Aon in its Mid-Term Review. Aon forecasts that the 2010 round of increases will [...]
View the video here on your mobile device. Canada’s convalescing economy may have topped Prime Minister Stephen Harper’s agenda on January 20th, but anti-prorogation anger ended up hijacking his Toronto road show. About 35 protesters from students to seniors picketed Harper’s afternoon visit to the C.D. Howe Institute, chanting “Stop the prorogation, listen to the [...]
View the video here on your mobile device. Zurich Financial Services Group announced that it transferred the vast majority of its general insurance portfolios in Italy, Portugal and Spain to local branches of its EU-based risk carrier Zurich Insurance plc, Ireland – or ZIP – effective January 1, 2010. A similar transfer is planned for [...]
