Insurable Interest Canadian Insurance Blog

2018 was a memorable year for Travelance. Over the past year, we have had the pleasure of connecting with hundreds of brokers through the various events we hosted and attended. In the spring, we hosted numerous ‘Train with Travelance’ sessions throughout Canada, where we had the chance to meet over 230 partners and acquaintances. We hosted the first ever ‘Travelance VTC Roadshow’ in the fall, where we visited nine cities in two months, to bring training on our enhanced Visitors to Canada Emergency Medical Insurance Plans. We also had the pleasure of attending various events across the country throughout the year, where we were able to meet with colleagues and partners, an educate them about the products that Travelance offers. The team at Travelance is looking forward to making 2019 the most successful yet, by creating new partnerships and  further educating the public on the need for travel insurance. Thank you to all the partners who have helped make this past year a success! The post 2018: A Year In Review appeared first on Travelance.

In September and October Travelance hit the road with our first ever VTC Roadshow, visiting nine cities across Canada, where we met with over 345 brokers interested in learning about the changes we made to our Visitors to Canada Emergency Medical Insurance Plans. Thank you to all those who attended our presentations on the ‘Growing Demands in the Visitors to Canada Insurance Market’ and ‘Emergency Medical Insurance for Visitors to Canada’. We enjoyed meeting our partners and making new connections. Keep an eye on our Events webpage, our monthly e-newsletter Tarmac or your email for future events in your area. Didn’t get a chance to catch up with us on our 2018 VTC Roadshow? Weekly live online training sessions are available for partnered brokers. Click here to view available dates and to register. The post The 2018 Travelance VTC Roadshow was a Success! appeared first on Travelance.

Toronto, ON (Jan. 7, 2019) – Navacord continues expansion into Western Canada with the acquisition of a team of industry veterans and their book of business from BMS Canada, effective December 31, 2018. The Vancouver team, led by Shaun Johnston, BMS Canada’s Managing Director, Construction & Development, joined Navacord’s Vancouver-based Broker Partner, Wylie-Crump Limited. Wylie-Crump… Read more » The post Navacord continues expansion in Western Canada and strengthening of National Construction Practice appeared first on Insurance-Canada.ca.

Guelph, ON (Jan. 7, 2019) — Today, Comprehensive Water, which covers overland flood damage, is available to homeowners in Manitoba. The Co-operators Comprehensive Water insurance is the only product of its kind in Canada that provides protection from the most common causes of residential flood and water damage including storm surge, overflowing lakes, rivers and… Read more » The post Overland flood insurance now available in Manitoba appeared first on Insurance-Canada.ca.

Guelph, ON (Jan. 7, 2019) — For the first time in Quebec, homeowners can purchase storm surge insurance. The Co-operators Comprehensive Water insurance is the only product of its kind in Canada that provides protection from the most common causes of residential flood and water damage including storm surge, overflowing lakes, rivers and creeks, and… Read more » The post Storm surge insurance available for the first time ever in Quebec appeared first on Insurance-Canada.ca.

If you or someone you care about is among America’s estimated 75 million baby boomers, there are a few financial facts and figures you should know. For one thing, middle-income boomers are carrying more debt into retirement than ever before. According to a recent study commissioned by Bankers Life Center for a Secure Retirement, middle-income boomers have…

The post How To Use Life Insurance In Better Estate Planning appeared first on InsuranceNewsNet.

AXA S.A. was ranked at No. 2 in each of the latest rankings. U.S.- based health insurance carriers and insurers in China continue to dominate the NPW ranking, accounting for six of the top 10 insurers. China Life Insurance Company showed a 14% gain and People’ s Insurance Company of China Ltd. gained 10%.

The post AM Best Ranks UnitedHealth Group And Allianz As World’s Largest Insurers appeared first on InsuranceNewsNet.

The purchase includes a long-term license to use certain Gerber Life intellectual property, including the Gerber Life name and logo, in connection with certain financial services. The deal brings a leading direct-to-consumer life insurer to Western & Southern’s diversified family of financial services businesses.

The post Western & Southern Completes $1.55 Billion Purchase Of Gerber Life appeared first on InsuranceNewsNet.

Nationwide, one of the largest providers of insurance and financial services products in the U.S., announced today that it has acquired E-Risk Services, a privately-held, leading program manager, highly specialized in a distinguished portfolio of management lines products. The E-Risk platform and solutions will enhance Nationwide’s market-leading excess & surplus lines business. Nationwide’s focus on growing in management lines and growing in the programs space complements E-Risk’s focus as the organizations partner to provide value-added solutions to small and medium-sized business owners. Partnering with E-Risk provides Nationwide with exciting new opportunities for innovation and growth, while increasing both organizations’ ability to serve customers and distribution partners. This acquisition enhances Nationwide’s distribution relationships and shows the company’s commitment to growing its profitable commercial management lines book through E-Risk’s wholesale network. “We’re excited to kick off the new year with a partnership that will further enhance Nationwide’s ability to provide wholesale distribution partners with deeper protection products and more value as they seek to build their business,” said Mark Berven president and chief operating officer of Nationwide’s property & casualty business. “Program business, administered through program managers, is a significant and growing portion of the commercial insurance marketplace. Over the long term, we...

In the case of Cheryl L. Wallace v. Reliance Standard Life Insurance Co., the U.S. District Court for the Eastern District of Michigan, Southern Division, previously held that “the administrative record undisputedly reflects that Plaintiff is totally disabled and entitled to LTD benefits under Reliance’s plan.” In the earlier case, the Court also ordered Reliance to pay Plaintiff’s legal fees and also ordered for the parties to meet and try to settle the case between them.When the attorneys could not agree on how to calculate the amount due Plaintiff for her back long-term disability (LTD) benefits, the Court stepped in and determined how benefits should be calculated. The Court also awarded attorney’s fees and costs. Determination of Amount of Back-Due LTD Benefits The Court calculated Plaintiff’s salary for both the time she could not work in her own occupation and, over Reliance’s objection, also held the “record undisputedly reflects Plaintiff’s inability to work, period.” Her disability was due to her immunosuppressed state and she was not expected to recover. So, the Court’s calculation included LTD benefits to which she was also entitled due to her inability to work in any occupation in addition to the time she was disabled from...