The federal Department of Employment is wary of any proposed measures that could raise Employment Insurance premiums amid ongoing plans to modernize the program, according to a briefing note. The April 18 memo included a question asking why the federal government has yet to announce “a plan for modernizing the Employment Insurance (EI) program.” “Given…
Insurance Brokers Criticize BC Report Claiming Province’s Auto Insurance Among Lowest in Canada
A report recently released by a Crown corporation in B.C. comparing how auto insurance rates in nearly every province are more pricey than in British Columbia is facing criticism. The report, commissioned by the Insurance Corporation of British Columbia (ICBC) and conducted by international accounting firm Ernst & Young (EY), was released on Dec. 8…
Health Care-Sharing Ministries as an Alternative
Death and taxes have always been givens. But another given is high insurance premiums. Health insurance premiums have risen 20 percent since 2017. This results in the average American family paying thousands in health insurance premiums per year. The Affordable Care Act is an alternative to some. But there are many families who earn above…
‘Calm Before the Storm,’ Says Kaiser CEO, as ‘Increases Are Imminent’ for Health Insurance Premiums
October 31, 2022
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Health insurance premiums, which largely remained unchanged this year compared to 2021, might rise significantly in 2023 due to inflation, according to a survey by the Kaiser Family Foundation (KFF). Annual family premiums for employer-sponsored health insurance are calculated to average $22,463 in 2022, which is just over a 1 percent increase from last year’s…
Insurance Companies Lose $44 Billion During Pandemic
January 14, 2022
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Business & EconomyBusinesses in COVID-19epidemic insurancehealth insuranceinsurance premiumsUSUS News
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Insured losses amounting to $44 billion during the pandemic and risks of newer variants popping up increased the strain on risk management companies around the world, said a recent report by international insurance intermediary group Howden. Although enormous losses have been reported so far, Howden said that it still lags far behind the $100 billion…
Concerns Raised Over COVID-19 Worker’s Compensation Protections
The state government plans to repeal a section of the Workers Compensation Act that presumes that workers who contract COVID-19 did so at work. In an NSW government press release on Nov. 14, Premier Dominic Perrottet said the amendments to the act had been made in May 2020, when little knowledge existed about COVID-19 and…
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