Kenney’s Super Visa – is it that super great?

Many Canadians may not be able to afford Super Visa , alternatives like Insurance might help only to some good extent .Is it a a ploy to distract us from the government’s intention to completely eliminate the sponsorship of parents and grandparents, just as they did with the sponsorship of brothers and sisters, years ago.Super visa is only for those who have sponsors that can demonstrate that they can provide for the applicant (parents) that is your annual income would have to be above Low Income levels if you were the sponsors.To be accepted, the visitors will be required to have private health insurance coverage during their stay in Canada

The coverage must:

Be valid for a minimum of one year

Provide a minimum coverage of $100,000

Cover health care, hospitalization and repatriation

Be valid for each entry to Canada and available for review by a port of entry officer.

Supervisa Statement

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This multiple-entry “Parent and Grandparent Super Visa” will be valid for up to 10 years, and allow applicants to remain in Canada for two years before needing seek visa renewal. The new visas as  told were to begin on December 1 ,2011 and will be issued, “on average, within eight weeks of the given application,” as told by the officials.A $4000 insurance may help solve some of the few issues.You may have to pay a minimum of 55 to 60 dollars for the insurance .

Wreath Making Workshop – Kick off the Holiday Season

Wreath Making Workshop – Kick off the Holiday Season
When: Saturday, November 19, 2011
Organization: Wye Marsh Wildlife Centre
Where: Wye Marsh Wildlife Centre, Midland, ON

Event:- The Wye Marsh Wreath Making Workshop is back this year by popular demand! Participate in an enjoyable after-noon at the Wye Marsh making your own personalized wreath for the holidays. Participants will receive professional instruction as well as all materials required including greens, bow and frames, to produce a beautiful festive decoration for the home. The afternoon starts with a guided walk through the Marsh and includes light refreshments. Sharing this workshop with a friend or two is a great way to spend time together having fun. Reserve a spot now as space is limited or buy a gift certificate for someone special, a great gift idea!

Cost: $50.00
Date: Saturday & Sunday, November 19 & 20, 2011 Time: 1:00 pm to 4:00 pm
Location: Wye Marsh Wildlife Centre
16160 HWY 12 East Midland, Ontario, L4R4K6

Insurers more vulnerable to financial crisis as they branch out into non-insurance financial activities

Insurers more vulnerable to financial crisis as they branch out into non-insurance financial activities.The traditional insurance model has allowed property and casualty insurers to withstand the recent financial crisis, but as insurers branch out from this model and offer more non-insurance related products, they are more vulnerable to financial risks associated with the crisis, according to a paper by the International Association of Insurance Supervisors.

The association of international insurance regulators released the paper, entitled Insurance and Financial Stability. It says the recent financial crisis has shown that the traditional insurance business model enabled the majority of insurers to withstand the crisis “considerably well.”

While impacted by the financial crisis, insurers engaged in traditional insurance activities were not a concern from a systemic risk perspective.

The report further observes that insurance underwriting risks are in most cases not correlated with the economic business cycle and financial market risks, and that the magnitude of insurance liabilities are in very broad terms not affected by financial market losses.

The financial crisis revealed that insurance groups and conglomerates operating in traditional lines of business may suffer considerable distress and become globally systemically important when they expand significantly in non-traditional and non-insurance activities.

The paper goes on to describe how insurance groups and conglomerates that engage in non-traditional or non-insurance activities are more vulnerable to financial market developments and thus more likely to amplify, or contribute to, systemic risk.

Insurer must pay special award for failing to consider the totality of medical evidence

An ON arbitrator has upheld a special award against an insurer in a case involving termination of Income Replacement Benefits on the basis of conflicting medical information.

The Economical Mutual Insurance Company appealed an arbitrator’s finding of a special award against the insurer amounting to more than $16,000 in Economical Mutual Insurance Company and Sivakumaru Sinnapu. Sinnapu was injured in a June 22, 2006 motor vehicle accident and sought statutory automobile accident benefits under the Statutory Accident Benefits Schedule.

The insurer ultimately terminated payments based on its view that Sinnapu did not meet the post 104-week IRB disability test of complete inability to engage in any employment for which he was reasonably suited by education, training or experience. This decision was based on conflicting medical evidence before it.
Subsection 282 of Ontario’s Insurance Act provides that if the arbitrator finds an insurer has unreasonably withheld or delayed payments, the arbitrator “shall” award a lump sum as a special award.

The insurer appealed the special award on the basis that it had paid the IRBs, and that it had conflicting medical evidence before it, and thus its termination was not “unreasonable.”
FSCO Director’s Delegate Lawrence Blackman ruled, on the other hand, that special awards are based on particular facts in the case. In this situation, Blackman found, the insurer had not considered the “totality” of the medical evidence before terminating benefits.

Blackman examined a body of case law on special awards and concluded:
“I do not find that these cases set out as a general proposition that an insurer’s deference to the opinions of its own assessors, or any endeavor whatsoever by an insurer to resolve conflicting medical information, is a full answer to any submission that the insurer unreasonably withheld benefits.
“Nor am I persuaded that these cases stand for the proposition that an insurer can simply rely on selected reports, ignoring the totality of the evidence. “Rather, I find that these cases underline the ‘rationality’ principle discussed in Persofsky, “the need to relate the particular facts of the case to the underlying purposes of the legislation.”

The Co-Operators launches sustainability toolkit

The Co-operators has launched a toolkit offering guidance for leading more environmentally sustainable lives. Sustainability at Home: Decision making help for your everyday choices was released in partnership with The Natural Step Canada.

The toolkit presents Canadians with practical tips and ideas on how to “green” their homes on a room-by-room basis. It is designed as a guide for all sizes of home, and includes sustainability advice on everything from grocery shopping to landscaping to disposing of medication.

“By using the new Sustainability at Home toolkit, Canadian homeowners and tenants can make strategic decisions to advance sustainability in their homes, save money and create a healthier living space for their families,” said Kelly Hawke Baxter, executive director of The Natural Step Canada.

Ontario’s P&C industry contributes $7.5 billion, directly and indirectly, to the province’s economy.

Ontario’s P&C industry contributes $7.5 billion, directly and indirectly, to the province’s economy.

Ontario’s property and casualty industry contributed a total of $7.5 billion to the province’s economy either directly or indirectly, according to a Conference Board of Canada study released on Nov. 9 by the Insurance Bureau of Canada.

Ontario’s P&C sector made $4.1 billion in direct contributions to the province’s Gross Domestic Product, the report found. In addition, the province’s P&C sector contributed to paying, directly and indirectly, $3.7 billion annually in corporate and personal levies and taxes in Ontario.
The economic impact study is called Insureconomy: An Economic Impact and Future Growth Study of Ontario’s High-Value Insurance Sector.

Overall, the study found the P&C insurance sector employs 22,000 people in rural and urban communities across Ontario, and created another 41,000 ‘spin-off’ jobs indirectly. The province’s insurance firms are dominated by small and medium sized business, with 95% of firms having fewer than 50 employees.

In terms of future employment, the study identified the greatest growth potential in the following areas: risk management analytics, premium calculation, claim adjudication, fraud analysis, statistical risk calculation and Web/phone/channel customer service or sales.

Ontario’s insurers generally have a positive outlook about the future of the province’s P&C industry, particularly over the long haul, a survey contained in Insureconomy found. In an online survey of 28 Ontario property and casualty insurance firms undertaken in March and April 2011, companies were asked to rate the outlook of Ontario’s P&C industry over the short, medium and long terms.

Sixty-one per cent of respondents said the sort-term outlook was either good or excellent. Seventy-four per cent said the medium-term outlook was either good or excellent, while 93% rated the long-term outlook as either good or excellent.

The primary factors influencing the rosier longer-term picture included “larger economic forces,” as well as “strategic choices” within the firms. The primary factor attributable to the short-term angst was the perceived effects of the P&C market cycle.

Introduces new auto insurance reform package: Nova Scotia

Nova Scotia unveiled its proposed auto insurance reforms, which will be implemented in two phases over the next two years.
The key aspects of the reforms contained few surprises, including enhanced no-fault, mandatory med-rehab limits of up to $50,000; a new minor injury treatment protocol based on Alberta’s current model; and an optional tort product for minor injuries.

Other proposed reforms include:

• A mandatory review of the province’s auto insurance legislation and regulations at least once every seven years.
• Limited liability and new priority of pay rules for rental companies.
• Direct compensation for property damage, allowing insured drivers to be compensated by their own insurer for property damage resulting from an automobile collision with a different party.
• A new levy that insurers will pay to help volunteer fire departments cover the cost of responding to auto collisions.
• A prohibition against insurers increasing premiums when drivers report collisions that do not result in a claim.

The reforms are to be implemented in two phases.
* Apr. 1, 2012.
This includes the enhanced benefits, the prohibition on premium increases when no claim is made, the levy for volunteer fire departments and the seven-year review.
*  Apr. 1, 2013. These include the direct compensation framework, limited liability for rental companies, the new minor injury treatment protocol and the optional tort product.

“We kept our commitment to review auto insurance in Nova Scotia to ensure it meets the needs of today’s families,” said Graham Steele, Nova Scotia’s minister responsible for the Insurance Act. “We’ve developed a consumer-friendly package of reforms based on the recommendations of the independent auto insurance review and cost analysis from the Utility and Review Board.”

The legislative portion of the reforms is contained in the Fair Automobile Insurance Act, which is to be introduced in Nova Scotia’s House of Assembly on Nov. 9.

Trust Insurance Company not to be trusted: FSCO

The Financial Services Commission of Ontario is warning consumers that Trust Insurance Company is not licensed to do insurance business in Ontario as either an insurer or insurance agency.
“If consumers purchase insurance from agents or insurers that are not licensed in the province, they are not protected under the Insurance Act and the regulations that govern Ontario’s licensed insurance companies and agents,” a warning notice posted on FSCO’s Web site says.

End of Daylight Savings Time brings heightened risk of crashes: ICBC

B.C. drivers overestimate the benefits of an extra hour of sleep that comes with the end of Daylight Savings Time, causing drivers to experience greater risks on the road, an ICBC survey found.

There is a 10% increase in the average number of crashes in the province’s Lower Mainland during the late afternoon commute in the two weeks following the end of DST compared to the two weeks preceding the change, an ICBC release says.

According to the survey, 30% of drivers overcompensate for that extra hour of sleep by staying up later and therefore losing any potential benefit, an ICBC release says.

The survey also found that only 24% of drivers feel more alert the morning after the time change, while 19% actually feel less alert, despite the fact that we should feel more rested and that it’s also lighter out for the first few morning commutes following the time change.

“Part of the problem can be that we anticipate getting an additional hour of sleep so we stay out longer or drive home later, and we actually end up feeling more tired and less alert,” said Dr. John Vavrik, a psychologist with ICBC. “Our survey showed this behaviour is particularly evident among young drivers who already tend to be a higher crash risk.”

A darker commute on the way home, worsening weather and a real lack of visibility to other vulnerable road users compound the issue