View the video here on your mobile device. Nortel Networks says it has reached a deal with its pensioners and employees on long-term disability. Under the deal, which requires court approval, Nortel will continue to administer its negotiated pension plan and its managerial and non-negotiated pension plan until the end of September when a new [...]
View the video here on your mobile device. The US-based National Insurance Crime Bureau released its 2008-2009 comparison analysis of questionable claims. A total of 85,209 questionable claims were referred to NICB in 2009 compared with 74,902 received in 2008, an increase of 14 percent. These are claims that NICB member insurance companies refer to [...]
View the video here on your mobile device. Quality Planning, a company that validates policyholder information for American auto insurers, has released its annual premium rating error report. The report quantifies the errors and discrepancies that result in auto insurers undercharging policyholders. For 2008, Quality Planning estimates that the private passenger auto insurance industry missed [...]
View the video here on your mobile device. With an event that is expected to feature almost 7,000 participants from more than 120 countries, along with thousands of members of the media and even more visitors, having insurance coverage seems like a safe bet. The XXI Olympic Winter Games in Vancouver are said to be [...]
View the video here on your mobile device. Federal, provincial and territorial agriculture ministers discussed risk management programs, livestock insurance and increased access to international markets at a meeting in Toronto on February 5. Federal Agriculture Minister Gerry Ritz said there was a frank assessment of how risk management programs were working but he was [...]
View the video here on your mobile device. Sun Life Financial has been named as one of the Global 100 Most Sustainable Corporations in the World in an announcement at the World Economic Forum in Davos, Switzerland. The Global 100 includes companies from 24 countries encompassing all sectors of the economy, with a collective enterprise [...]
View the video here on your mobile device. Crawford & Company (Canada) announced that Contractor Connection, which provides insurers with an efficient, high-quality managed repair vendor network for residential and commercial property claims programs, is now available to the Canadian insurance marketplace. John Sharoun, Crawford & Company (Canada)’s CEO, said that Contractor Connection will give [...]
View the video here on your mobile device. The Co-operators has opened its first two offices in the Montreal area. Located in Île-Perrot and Beaconsfield, the offices of the first two local Co-operators representatives opened their doors for business on January 18th and 25th respectively. This past summer, The Co-operators celebrated a milestone when the [...]
View the video here on your mobile device. February 3, 2010 marked the 10 year anniversary of Industrial Alliance Insurance and Financial Services being listed on the Toronto Stock Exchange. In a statement, Industrial Alliance said that it has made steady progress and major breakthroughs in the last ten years: entry into the wealth management [...]
View the video here on your mobile device. Neste Oil is to receive a total of 47.5 million euros – about $70 million – in compensation from a syndicate of international reinsurers. The compensation, to be booked against Neste Oil’s result for the first quarter of 2010 and payable on the basis of property damage [...]
View the video here on your mobile device. A new study from the insurance industry finds that state laws banning the use of handheld devices to make a call or send a text message while driving have not resulted in fewer vehicle crashes. The study, released by the Highway Loss Data Institute, examined insurance claims [...]
View the video here on your mobile device. The Insurance Bureau of Canada has a new look. The Bureau unveiled new corporate branding that it says symbolizes its renewed commitment to focus on relationships with governments and key stakeholders, foster goodwill with consumers and position IBC with Canadians as the trusted voice of the property [...]
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 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. 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. 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 [...]
