Insurable Interest Canadian Insurance Blog

“In the insurance industry, fraudulent claims cost insurance companies millions of dollars per year. Within SGI, the dedicated men and women who investigate cases of suspected insurance fraud are members of an elite squad known as the Special Investigation Unit. These are their stories….” Regina, SK (Mar. 6, 2019) — The science doesn’t lie. A… Read more » The post Busted! SGI releases top five auto insurance fraud schemes appeared first on Insurance-Canada.ca.

Montreal, QC (Mar. 5, 2019) – ClaimsPro/IndemniPro is pleased to announce that it has acquired Alberta-based New West Adjusters (NWA). New West Adjusters is an independent adjusting firm that has been providing claims services to the insurance industry throughout Alberta since 2004. With a very localized presence, partnering with NWA enables ClaimsPro to add more… Read more » The post ClaimsPro Strengthens its Alberta Presence with the Acquisition of New West Adjusters appeared first on Insurance-Canada.ca.

Blockchain technology is evolving rapidly, and insurers need to find partners now: Aite Group report London, UK (Mar. 6, 2019) – Blockchain continues to gain momentum in the insurance industry as a potential solution for just about any problem. The trouble lies in identifying which problems blockchain is best suited for and how to begin… Read more » The post Blockchain in Insurance, 2019: A Market Overview appeared first on Insurance-Canada.ca.

COLUMBIA, S.C. (March 6, 2019) — Colonial Life clients can now ease their employees’ worries over student loan debt, thanks to a new partnership with FutureFuel.io. Colonial Life’s new program can aid employers in their efforts to support a debt-free future for the growing U.S. workforce saddled with student loan debt. This program is designed to reduce the life of each user’s student loan debt through education, refinancing options and making it easier for employees and their employers to contribute. Student debt now tops an estimated $1.5 trillion, and more than 25 percent of full-time workers between 23 and 53 named finances as the top cause of daily stress in a recent Colonial Life survey. “We know that student loan debt can be a major cause of stress for millions of America’s workers, so offering our customers a chance to relieve some of that burden is an easy decision for us,” said Tim Arnold, president and CEO of Colonial Life. “Working with a strong partner like FutureFuel.io allows us to engage employees and their employers in a new and exciting way that helps take control of student debt.” FutureFuel.io has different options that a client can select for what best...

Policy experts argue that the country actually falls between two pricing-policy extremes

A new study hints at conflicts of interest among most groups who support public funding of medications

The health and life insurance solutions specialist has unveiled a new suite of products to protect up to 150 lives

When it comes to debt management, many Canadians are struggling to keep up, with their housing situation being a source of stress. That was one of the key takeaways from the latest episode of CBC Television’s The Stats of Life, which focused on Canadian statistics surrounding savings (or lack thereof) and debt. The program found more than half of Canadians have their money tied up in their house, with mounting consumer debt at the same time. 41 percent of them say they simply “feel trapped.” The program looked at families across Canada; one family, in Alberta, is facing the difficult but not uncommon problem of carrying a large debt load (in this case, $100K), which they’ve had to consolidate into their mortgage. With limited economic prospects and falling house prices in the area due to the downturn in the oil sector, their home’s value has declined significantly and simply selling off property is not the lucrative option it once was. Their existing equity has been their lifeline, allowing them to pay off other debts, but it does little to actually reduce debt load. It’s a fear many Canadians are facing; 44 percent of homeowners are concerned about market vulnerability affecting...

Rolling Meadows, Ill. (Mar. 4, 2019) – Arthur J. Gallagher & Co. today announced the signing of an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT purchase by Marsh… Read more » The post Arthur J. Gallagher & Co. Signs Agreement To Acquire Jardine Lloyd Thompson Group’s Global Aerospace Operations appeared first on Insurance-Canada.ca.