Insurable Interest Canadian Insurance Blog

Acquisition to drive greater sales and marketing automation for insurance brokerages, MGAs and insurers University Park, IL (Apr. 10, 2019) – Applied Systems has announced the acquisition of TechCanary, the leading insurance CRM system built on the Salesforce.com platform. This acquisition expands Applied’s sales and marketing solutions and demonstrates the company’s commitment to automating both… Read more » The post Applied Systems Acquires TechCanary appeared first on Insurance-Canada.ca.

RALEIGH — Insurance companies owned by a big-money donor accused of trying to bribe North Carolina’s top insurance regulator for easy treatment are on the sales block and under review by at least one rating agency. Entrepreneur Greg Lindberg was indicted last week in what federal prosecutors said was a plot to bribe state insurance commissioner Mike Causey. Days later, Lindberg-owned Global Bankers Insurance Group said it is pursuing buyers for its U.S. life insurance companies. Global rating agency AM Best said on Wednesday it is reviewing two insurers under the Global Bankers umbrella. AM Best said it’s reviewing “with negative implications” the financial strength ratings of Colorado Bankers Life Insurance Co. and Bankers Life Insurance Co., both based in Durham. State GOP Chairman Robin Hayes and Lindberg are among four people charged in federal indictments unsealed last week. Hayes and a Lindberg spokesman didn’t immediately respond to requests for comment. Federal prosecutors said Hayes, Lindberg and two Lindberg associates promised or gave Causey millions of campaign dollars to do things Lindberg wanted, such as seeking the removal of a deputy insurance commissioner responsible for examining Lindberg’s Durham-based business. Lindberg has given more than $5 million to North Carolina candidates, party committees and independent expenditure groups....

Associated Press DETROIT (AP) — A Montreal man convicted of stabbing a police officer at a Flint, Michigan, airport was in debt and saw the attack as a way to become a martyr while benefiting his wife and children financially through a life insurance policy, his attorneys wrote in a Thursday court filing. Amor Ftouhi’s attorneys say he should get 25 years in prison and that he should serve that time in solitary confinement. However, federal prosecutors say Ftouhi should be sentenced to life in prison for committing an act of terrorism transcending national boundaries and for interfering with airport security. They say he was on a mission to kill as many people as possible and then be killed himself. Ftouhi was convicted in November on several charges in the June 2017 attack. Witnesses said Ftouhi, who is Muslim, yelled “Allahu akbar” — or “God is great” — while attacking Lt. Jeff Neville, who survived being stabbed in the neck. Defense attorneys wrote that Ftouhi was depressed about being in debt and being unable to properly support his wife and children after he had moved them from Tunisia to Montreal. He also expected that other officers would have killed him...

MILWAUKEE, PRNewswire/ — For most families, caring for mom or dad as they age is not a family effort.  According to new data from Northwestern Mutual’s latest C.A.R.E. Study, the responsibility most likely falls on the shoulders of one sibling, rather than being shared among all the children. Findings reveal that two in five caregivers are caring for or have cared for a parent and, while the majority (83%) have siblings, only one in 10 say siblings equally share responsibilities as a team. Rather, 40% say their siblings don’t assist in caring for their parent at all, and an additional 41% indicate that while siblings offer some help, they themselves are the primary caregiver. “Families are fundamentally changing in ways that impact how they’re able to care for aging parents,” says Dave Simbro, senior vice president, risk products, Northwestern Mutual. “Parents are living longer, most of their children are working full-time, people are having children later in life, and families are geographically dispersed. These evolving demographics underscore the importance of planning for long-term care needs.” Is there a choice when it comes to stepping up as a caregiver? While more than half of caregivers (58%) knew in advance that they...

Algorithm unearths relationship that could prove vital in helping companies plan for staff absentees and providing help and assistance to afflicted employees

As the market shows increasing signs of fragmentation, investors need to bear a few important details in mind

A study looks at why more consumers don’t purchase DIAs, and how large a role they should have in one’s nest egg

One report says large industry groups and billionaires are trying to protect advantages that the current regime allows

Evolve Funds Group has announced changes to the risk ratings of certain exchange traded funds.

The incidence of long term disability claims is expected to drop by 3.6 per cent compared to 2018 due to a slowing Canadian economy, says the RBC Insurance Group Long Term Disability (LTD) Forecast.