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Targeted News Service (Press Releases) A California man was sentenced today to more than 200 years in prison for intentionally driving his family off a wharf and into the water at the Port of Los Angeles in a scheme to collect money on insurance policies he had taken out on their lives. Ali F. Elmezayen, 45, was found guilty of four counts of mail fraud, four counts of wire fraud, one count of aggravated identity theft, and five counts of money laundering.... https://insurancenewsnet.com//calif-u-s-attorney-hawthorne

The focus on health and safety has never been more intense. If this vigilance isn’t maintained, the employer risks an order from the ministry of labour. If an outbreak occurs, orders can partially or completely shut down operations. Read: Mandatory coronavirus testing for unionized employees allowed: arbitrator While coronavirus testing and vaccination programs and policies bring an assumption of risk for employers in the form of potential legal challenges, these considerations are governed by contextual factors, he said.... https://www.benefitscanada.com//employers-should-weigh-hu/

ReSource Pro acquires two leading insurance industry strategic advisory firms, Strategy Meets Action and The Nolan Company Boston, MA (Jan. 12, 2021) ReSource Pro, a global provider of operational solutions for insurance organizations, today announced it has acquired two strategic advisory and management consulting firms focused on P&C Insurance, Strategy Meets Action (SMA) and The Nolan Company (Nolan). The transactions were completed on Jan.... http://www.insurance-canada.ca//resource-pro-portfolio-ac/

There is a growing concern in the industry that personal lines insurance is becoming commoditized Boston, MA (Jan. 14, 2021) Personal lines insurance is perhaps the most important coverage that agents can offer since it protects assets that are closest to clients’ hearts. Even though the opportunity to distribute personal lines insurance through independent agents is far less than it used to be, independent agents are still a substantial distribution channel that merits attention from carriers.... http://www.insurance-canada.ca//aite-group-2021-personal-/

A federal appeals court will hear arguments on a pair of cases challenging insurers on cost-of-insurance increases. In both lawsuits, appealed to the 11th Circuit Court of Appeals, the insurer prevailed in a lower-court ruling. The cases are important because they are among the few that insurers have won a favorable verdict, said Livia E. Babcock, assistant vice president and associate general counsel, litigation and regulatory, Allianz Life Insurance Co.... http://insurancenewsnet.com//insurers-victorious-so-far-on

By Lisa Seguin, Field Marketing Manager, Insurance, Element AI In 2020, it’s difficult to think of a sector that artificial intelligence (AI) won’t disrupt. The technology promises to transform businesses ranging from transportation to telecommunications, while also holding promise for sectors held back by manual processes and legacy technology. Insurance is one such sector. Insurance is striving to modernize, and AI can help streamline processes within multiple areas, including underwriting and business intelligence.... http://www.insurance-canada.ca//element-ai-artificial-int/

Irish InsurTech Blink launches new business interruption solution developed within the prestigious Lloyd’s Lab innovation accelerator programme Open-banking validation, real-time impact assessment and automated pay-outs hurricane non-damage parametric insurance can cut average claim process time by up to 95% Cork, Ireland (Nov. 19, 2020) Irish InsurTech Blink, will today present the latest offering in its suite of parametric insurance solutions to an audience including Lloyd’s market, insurance and reinsurance experts and mentors of the Lloyd’s Lab innovation accelerator programme.... http://www.insurance-canada.ca//blink-launch-business-int/

Surrey, BC (Nov. 4, 2020) Westland Insurance Group Ltd. (Westland) is pleased to announce the closing of the acquisition of MIG Insurance Group, effective November 6, 2020. This acquisition supports Westland’s expansion strategy to serve more communities in Manitoba and across Canada. MIG Insurance Group is headquartered in Portage La Prairie, Manitoba. Founded in 1995, it has eight branches throughout Manitoba.... http://www.insurance-canada.ca//westland-expands-manitoba/

Parachute Digital Solutions, a Munich Re company, is announcing a turnkey online platform for carriers, brokers, or retailers that wish to offer life and supplemental health insurance to their customers. Described as a carrier-agnostic online insurance platform, Parachute 2.0 is offered to businesses or organizations that wish to provide life and supplemental health protection plans in an easy-to-use, secure, and streamlined digital environment.... http://www.lifehealthpro.ca//parachute-2-0-touches-down-in

IMS is mileage-based technology partner for Nationwide’s SmartMiles program Waterloo, ON (Nov. 10, 2020) IMS (Insurance & Mobility Solutions) is partnering with Nationwide as the technology provider for the SmartMiles pay-per-mile insurance program. As one of the world’s top three providers of connected car data solutions to insurers, mobility operators and governments, IMS helps power two of Nationwide’s usage-based insurance programs which also includes Nationwide’s... http://www.insurance-canada.ca//nationwide-ims-partner-pa/

Toronto, ON (Nov. 10, 2020) CNA Canada is pleased to announce it has launched Epack 3, its next-generation modular management liability, technology and professional liability, cyber, and media policy that combines clear, concise and easy-to-read language with a flexible policy structure. It is designed to be customized for a wide range of businesses and non-profit organizations. In today’s business environment, risk is complicated and unpredictable, especially for organization leaders that are facing stresses of new and increasingly complex exposures, said Jacki Detablan, Vice President, Specialty, CNA Canada.... http://www.insurance-canada.ca//cna-launch-epack-3-modula/

The National Association of Insurance Commissioners creates model laws for states to pass. Consumer advocate Birny Birnbaum pushed a state insurance regulator committee to overhaul illustration rules Tuesday. The Life Insurance and Annuities Committee gave Birnbaum 20 minutes to make the case for new illustration rules. The committee, part of the National Association of Insurance Commissioners, considers model laws to govern insurance, which are then available to states for adoption.... http://insurancenewsnet.com//naic-urged-to-adopt-5-changes

Staff | November 11, 2020 The solvency ratio of Ontario’s defined benefit pension plans jumped four per cent in the third quarter of 2020, according to an update by the Financial Services Regulatory Authority of Ontario. The increase is further evidence that market recovery is well underway since the coronavirus pandemic rocked the world economy in early 2020, noted the report.... http://www.benefitscanada.com//ontario-db-pension-solvency

Staff | November 11, 2020 Telus Health is partnering with Canada Life Assurance Co. and Innomar Strategies Inc. to launch Canada’s an electronic drug prior authorization solution. The pilot program will test the digitized process to fulfill prior authorization submissions for real prescription cases and evaluate its impact on process efficiency, consistency of adjudication results and the overall plan sponsor and member experience.... http://www.benefitscanada.com//telus-health-canada-life-in

Blake Wolfe | November 11, 2020 The union representing General Motors of Canada Co. employees in Ontario have ratified a new three-year collective agreement that removes changes to a legacy defined benefit plan as part of ongoing pension discussions. The deal restores the legacy DB plan by removing a member contribution requirement and a 30-year cap on credited service introduced in 2009, says Corey Vermey, director of the pensions and benefits department at Unifor.... http://www.benefitscanada.com//gm-canada-unifor-agreement-

It’s been said that change is the only constant, and by extension, one might say the same for technology given its role in disrupting industries. In the insurance and wealth management space, Equisoft has long established itself as a leader in enabling that type of change and its story is still far from over. We founded Equisoft over twenty-five years ago, Luis Romero being our CEO, said Florence Sabbah, Vice President, Canada at Equisoft.... http://www.lifehealthpro.ca//helping-mgas-cultivate-an-int