Monthly Archive: October 2020

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Feds launching new online mental-health resources

Staff | October 20, 2020 This Mental Health Awareness Month, the federal government unveiled a series of initiatives to support the well-being of Canadian workers. The Ministry of Labour is partnering with the Canadian Centre for Occupational...

California IUL Lawsuit Is One To Watch, Attorney Says

The insurance industry will be watching closely in the coming months as a class-action lawsuit over an indexed universal life policy plays out in a California courtroom. The lawsuit was filed Aug. 6 in...

Insurance Titan Greg Lindberg To Report To Prison Today

Charlotte Observer (NC) Greg Lindberg Try as he might to extend his freedom, Durham businessman and convicted felon Greg Lindberg is scheduled become a federal inmate today. U.S. District Judge Max Cogburn denied a...

Pacific Life Lays Off Almost 300 Employees In Light Of COVID-19

Daily Pilot (Costa Mesa, CA) Oct. 20–Just under 300 employees from Pacific Life Insurance Co. were laid off last week in light of the ongoing coronavirus pandemic and low interest rates. “We are constantly...

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How pension plan sponsors can use demographic-focused investing

Yaelle Gang | October 19, 2020 Over the last 40 years, the demographics of pension plan membership have changed drastically, said Michael Augustine, managing director and head of asset-liability management at TD Asset Management, during a...

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Announcing the World Insurance Forum, by Insurance-Canada.ca

Toronto, ON (Oct. 19, 2020) — Insurance has entered the decade in which it will face its biggest challenges ever. This year, the global spread of COVID-19 brought about dramatic changes, intensifying the industry’s...

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OMERS selling stake in Detroit rail tunnel

Staff | October 19, 2020 The Ontario Municipal Employees Retirement System’s infrastructure arm is selling its interest in the Detroit River tunnel partnership to Canadian Pacific. The sale, which will give CP full ownership of the...