Officials in Washington state took their first stab at setting rules for the state’s new marijuana industry on May 17, 2013, nearly eight months after voters here legalized pot for adults. Among the preliminary regulations: They want to track marijuana from “seed to store,” and while they’re putting a cap on the number of retail [...]
In a strong economy an average of only four or five banks close each year. The sharply reduced pace of closings shows sustained improvement.
According to a Mother’s Day study released May 9, 2013 by BMO Private Bank, the vast majority of women are either the primary decision-maker or have equal responsibility for household financial decisions.
Seven in ten Canadians also reported feeling that they have less protection of their personal information in their daily lives than they did 10 years ago
Traditional reinsurers are very aware that while some larger commercial buyers are reducing their use of reinsurance in this phase of the reinsurance cycle, mutual buyers value long-term sustainable relationships throughout the entire cycle”
Customer experience, data analytics, changes in auto insurance among top challenges and opportunities for insurers in 2013
Industry-wide, PwC says companies are focusing on new ways to improve data collection and analysis, as well as claims, billing and other operational areas. These efforts are part of a larger effort to more effectively engage with customers, exploit information and analytics, and manage risk
Largest gaps in coverage for liability and major assets such as homes and valuable collections
Survey from Rosenzweig & Company finds eight percent of the highest paying executive positions are held by women, almost double the 4.6 percent in the first survey commissioned eight years ago
The top five reasons for insurers to invest in the mobile channel are: anytime/anywhere/any device demands; keeping up with the competition; customer service costs; increased smartphone adoption; and cross-selling/up-selling opportunities
The yearly ownership costs for an average compact car are about $9,500 while the average Canadian spends about $5,400 each year on groceries
When armed with their partner’s passwords, Canadians can’t help but snoop and check out their partners’ emails, bank accounts and social media pages
On a whole, men (43 percent) are more likely than women (36 percent) to say they plan to shop for the day
“Mobile is about positioning for the future, and significant measurable short-term ROI is in short supply. But given the rate of change in tablet adoption, insurers cannot afford to be left behind. Avoiding mobile today is like avoiding web browsers in the late 90’s”
Personal lines carriers are more likely to use modeling to detect fraud, while commercial lines carriers use it to triage claims or to evaluate claims for litigation potential, says Towers Watson survey results