Winnipeg woman fighting insurance policy preventing her from housing international students A Winnipeg woman says her long-time home insurance policy is no longer allowing her to house international students, despite having done so for decades. Vicki Rempel has been opening her home to international students for 20 years. For most of that time, she said, CAA Manitoba has been her home insurance provider, but she recently got a call from an agent saying the company will no longer provide her coverage as long as she has the students. “I was shocked,” Rempel told Global News. Rempel, who currently has two teenage students from Nigeria and Austria living with her, said she asked the...
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latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/insurance-stocks-see-broad-gains-as-market-sentiment-improves-further-58811952 content Insurance stocks see broad gains as market sentiment improves further Insurance companies once again tracked with the broader market this week and made solid gains as investors weighed the prospects of a reopening U.S. economy. The S...
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From offering financial protection against any eventuality in the time of Covid to raising a loan to meet your daily expenses, a life insurance plan can literally be a life-saver As COVID-19 strengthens its grip on our day-to-day life, it forces us to rewrite our aspirations about our basic as well as long-term needs. The emerging scenario obliges us to reset our values about social and economic behaviour. There is an urgent requirement for an early introspection to realign our needs and expectations with the new norms being set by the pandemic. The function of life insurance is providing confidence in an uncertain situation, hence it is necessary for people to know how this, one of the...
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MEXICO CITY--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Redbridge Insurance Company Limited (RICL) (St. James, Barbados). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect RICL’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the company’s strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and sound business strategy, as well as its experienced management team. Partially...
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This year started out on a positive note for most homecare businesses—and then COVID-19 threw an ugly left hook. In the wake of the country’s “new normal,” homecare business owners and management teams are faced with making a myriad of significant business and operating decisions at the spur of the moment. The creation of new policies and procedures to address working from home is high on the list, but so are how to effectively, efficiently and fairly deal with layoffs and/or furloughs, on-site and off-site working conditions, infection control protocols, pay cuts, client retention and other issues. It is not surprising that many businesses are looking to their insurance program providers...
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In part two of this three-part series shining a spotlight on captive insurance companies, Managing Director - Bermuda, Alison Dyer identifies the key elements required to establish an effective captive. Part one: Key benefits of establishing a captive insurance company A properly designed and integrated captive solution can be a significant advantage to the captive owner and can become a profitable undertaking. Many options are available to tailor a captive to the owner's needs but optimisation of the captive may be constrained by factors related to its licence, including the type of business allowed, minimum capital and reserve requirements. This is a great example of why choosing...
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Zambian farmers, Stephen Chomba suffered badly from a prolonged drought that started just after last year’s planting season in October. The maize seeds he had used in his little 12-hectare farm in Chilanga, on the outskirts of the capital, Lusaka, failed to germinate. He risked losing his entire crop. Then, to his astonishment, he received a phone-call from the seed company. He was told he was entitled to pick up replacement seeds at no cost. He was, it turned out, insured. His story shows how technology and new ideas can bring insurance to poor people around the world—but also how difficult that task is. Moves to expand “financial inclusion” are being extended to bring the poor insurance...
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Insurance: Mathematics and Economics publishes leading research spanning all fields of actuarial science research. It appears six times per year and is the largest journal in actuarial science research around the world. Insurance: Mathematics and Economics is an international academic journal that aims to strengthen the communication between individuals and groups who develop and apply research results in actuarial science. The journal feels a particular obligation to facilitate closer cooperation between those who conduct research in insurance mathematics and quantitative insurance economics, and practicing actuaries who are interested in the implementation of the results. To this purpose...
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Japan Post Co. is considering suspending commissioned sales of insurance products from private companies such as Nippon Life Insurance Co. through post offices across the nation, sources have said. The move comes after the revelation last month of inappropriate sales practices by Japan Post employees involving Japan Post Insurance Co. products. The company, which has already suspended sales of Japan Post Insurance products, has begun negotiations with insurers such as Nippon Life and Sumitomo Life Insurance Co. If the firm decides to suspend all insurance sales, it is likely to affect the finances of the Japan Post Holdings Co. group. Japan Post Holdings President Masatsugu Nagato and other...
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ART JOSETTI Insurance is tricky. It's not like buying a chair or a shirt or groceries. When you buy insurance, you're buying a promise. It's a promise that if something catastrophic happens to your business, your carrier is going to assist you to make your business whole again. Sometimes, though, it's tempting to question the value of insurance because it is an intangible product. Let's back up and take a big-picture view of why insurance matters. Here are seven reasons why insurance is important. What more would you add? 1.) Insurance Keeps Commerce Moving In the days after the 9/11 attacks, there were many worries about insurance coverage. Acts of war are not covered by insurance. Was...
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