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Travel insurance firm plans major Windsor expansion, adding hundreds of jobs

October 12, 2020 dhita yudha

A travel insurance firm born and raised in Windsor is planning a workforce-doubling expansion that would add 300 jobs and serve as a guiding light for diversifying the local economy.

a sign on the side of a building: Travel insurance firm Active Care Management is eyeing this industrial building at 3355 Munich Court in Windsor's Twin Oaks Business Park, shown Tuesday, Oct. 6, 2020, for a major expansion and possible doubling of its local workforce.

© Provided by Windsor Star
Travel insurance firm Active Care Management is eyeing this industrial building at 3355 Munich Court in Windsor’s Twin Oaks Business Park, shown Tuesday, Oct. 6, 2020, for a major expansion and possible doubling of its local workforce.

Active Care Management is currently located on Wheelton Drive, but steady growth and the recent landing of new business has spurred it to find a bigger location. It will be leasing a vacant manufacturing facility on nearby Munich Court and embarking on a $13-million renovation to convert it to office space.

“We’re now taking a bigger footprint and excited to do so,” said ACM president David Rivelis, who was one of the founders of the original firm, CanAm

COVID-19 Accelerates Insurance Digitalization to Meet Customer Demand: World InsurTech Report 2020

October 9, 2020 dhita yudha

Adopting a new mindset, leveraging intelligent processes and collaborating with ecosystem partners will be crucial to meet rising business and customer needs

Insurers must explore new ways to build capabilities to meet the digital needs of customers as BigTechs¹ and non-traditional players enter the insurance space, according to the World InsurTech Report 2020 (WITR) published today from Capgemini and Efma.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200914005893/en/

World InsurTech Report 2020 Infographic (Graphic: Business Wire)

With COVID-19 increasing customer engagement and expectations, the World InsurTech Report 2020 outlines a growing opportunity for InsurTechs, as insurers focus on their digitalization efforts. As BigTechs make their presence felt in insurance, the boundaries between insurance, InsurTechs, BigTechs, and tech partners are blurring. Insurers need to improve on high-impact focus areas including customer centricity, intelligent processes, product agility and an open ecosystem to remain competitive.

“Insurers have to look

Lloyds Banking Group axing 865 jobs across its retail, insurance and wealth arms

October 6, 2020 dhita yudha

Video: Rishi Sunak reveals Job Retention Bonus for employers who bring back furloughed staff between now and January 2021 (Birmingham Mail)

Rishi Sunak reveals Job Retention Bonus for employers who bring back furloughed staff between now and January 2021

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a group of people standing in front of a building: MailOnline logo

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Lloyds Banking Group has confirmed it plans to axe 865 jobs in a bid to simplify its business.

The lender has said that most of the job cuts will affect its insurance, wealth and retail teams, adding that staff hit by the job cuts would start leaving in November at the earliest.

The job cuts form part of a restructuring plan Lloyds initiated before the pandemic started, but has now revived.

New data released this week shows more than 300,000 jobs were put at risk of redundancy in June and July, which is nearly seven times higher than

Capital One just bought my favorite flight insurance program ‘Freebird’

October 4, 2020 dhita yudha

a pile of luggage sitting on top of a suitcase

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Last summer, my sister ended up with a $1,200 Delta First class ticket for the low cost of $19 because I paid for Freebird flight protection. I absolutely loved the protection the service offered for domestic itineraries and usually bought it for every low-cost carrier flight.

However, earlier this year with coronavirus wrecking havoc on the aviation industry, Freebird stopped offering its protection to the public as its business model was no longer sustainable with such unpredictability. That certainly doesn’t mean its technology is worthless and Capital One obviously thinks the same thing.

Earlier this week, Skift reported that Capital One acquired Freebird’s flight disruption technology and most of its staff are now working for Capital One.

a screenshot of a cell phone: Freebird can be a lifesaver when you encounter delays or cancellations.

©

Know the Rules for Business Use vs. Commercial Use vs. Pleasure Use Insurance

September 30, 2020 dhita yudha

AMHERST, N.Y., Sept. 24, 2020 /PRNewswire/ — Up for a challenge? Let’s test your understanding of different requirements relevant to personal, business, and commercial vehicle insurance.

Question: Does your personal car insurance policy cover the vehicle you own if you use it regularly to do your job?

Answer: Employees who use their personal vehicle for business on a regular and recurring basis need to have a “Business Use” designation on their vehicle insurance policy. Typically, Business Use means that the driver owns the car and depends on their vehicle to visit prospects or customers in multiple locations.

Insurance companies will add a Business Use endorsement to the driver’s personal auto insurance policy for an additional premium, it’s an expense worth taking on. A Business Use designation reduces risk for the company and the employee. Drivers should be compensated for the additional premium through their Vehicle Reimbursement Program.

Insurance Technologies to be sold to Boston private equity firm | Business

September 26, 2020 dhita yudha

A majority stake in Colorado Springs-based insurance software provider Insurance Technologies will be sold to Boston-based private equity firm Thomas H. Lee Partners under a deal announced this week.

Insurance Technologies is among the largest employers in downtown Colorado Springs with 250 workers developing and selling software that helps carriers, agencies, financial institutions and others sell insurance, annuities, retirement funds and other investments. Thomas H. Lee Partners plans to retain longtime CEO David Fenimore, the rest of the company’s senior management team, many of which have been with the company since it was started in 1995, and other employees.

“David and the Insurance Technologies management team have done a tremendous job of building an innovative, client-centric platform that provides a flexible set of sales and automation services and solutions and is driving the financial services sector forward,” said Ganesh Rao, THL managing director and head of financial services, and Edward

Film, TV work at risk with no COVID-19 insurance

September 23, 2020 dhita yudha

OTTAWA — Two Canadian film and television organizations say hundreds of productions and thousands of jobs are on hold because the government has yet to intervene and help them get COVID-19 insurance.

The Canadian Media Producers Association and the Association québécoise de la production médiatique say $1 billion in production volume is at risk because of the lack of insurance options.

They have identified 214 camera-ready film and TV projects that cannot move forward because they can’t find insurance and say those productions would generate 19,560 jobs.

The organizations pitched a federal government-backed insurance program in June, but say politicians have yet to act on the proposal.

The groups say the lack of government help now means that the entertainment industry is facing an even more dire situation and they hope intervention will come soon.

Several Canadian productions were halted when COVID-19 started spreading across the country in March, but

Health Insurance Options When Leaving a Job

September 22, 2020 dhita yudha

Question: I’m thinking about leaving my job and starting my own business, but I’ll lose my health insurance from work. Can I sign up for coverage through HealthCare.gov now, or do I have to wait until open enrollment?

Answer: You usually need to wait until open enrollment to buy individual health insurance, but you can get coverage anytime during the year if you’re eligible for a “special enrollment period.” To qualify, you must have experienced one of several life changes, which include leaving your job and losing your employer health coverage; moving to a new zip code; getting married; having a baby or adopting a child; or losing health insurance because you got divorced or legally separated. If you qualify for a special enrollment period, you usually have up to 60 days following the event to enroll in a new health insurance plan. See Healthcare.gov for more information about special

POINT/COUNTERPOINT: Proposition 118: Should Colorado voters approve state-run family and medical leave insurance? | Opinion

September 18, 2020 dhita yudha

Point: duCharme

As a small-business owner, I know that my success depends on my ingenuity, my dedication, and my ability to think creatively. But it also depends on the employees I hire, since it is my staff who interact with clients and are the face of my company. Proposition 118 will give my employees the security of having a paid leave option with job security when, at one point or another, they will need this coverage.

I run a small pottery painting studio in Colorado Springs. Before COVID, my store was a vibrant, creative space bustling with people who came to create pieces that would be treasured forever.

It’s a busy, fast-paced environment that requires good customer service skills. We are now adapting our operations to the new normal, but the fact remains: I need a specific kind of employee — talented, outgoing, reassuring — that many other, much bigger

With job losses, workers and their families lose health insurance coverage

September 16, 2020 dhita yudha

What’s going on with extra COVID-19 unemployment benefits?

It’s been weeks since President Donald Trump signed an executive memorandum that was supposed to get the federal government back into the business of topping up unemployment benefits, to $400 a week. Few states, however, are currently paying even part of the benefit that the president promised. And, it looks like, in most states, the maximum additional benefit unemployment recipients will be able to get is $300.

What’s the latest on evictions?

For millions of Americans, things are looking grim. Unemployment is high, and pandemic eviction moratoriums have expired in states across the country. And as many people already know, eviction is something that can haunt a person’s life for years. For instance, getting evicted can make it hard to rent again. And that can lead to spiraling poverty.

Which retailers are requiring that people wear masks when shopping? And how are