A Canadian union has filed a legal challenge with Ontario’s independent pension regulator over the $82.4 billion Ontario Municipal Employees Retirement System (OMERS)’s policy for paramedic plan members’ access to early retirement options. According to the Canadian Union of Public Employees (CUPE), OMERS has two classifications for its members: normal […]
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Report examines how climate change will challenge Vermont’s insurance industry
The Winooski River flows across Bridge Street in Richmond on Friday, November 1, 2019. Photo by Glenn Russell/VTDigger With a warmer and wetter climate in Vermont’s future, severe weather events are projected to increase in frequency, and the property and casualty insurance industries may face new challenges as a result, […]
Insurers lose High Court challenge over business insurance COVID pandemic payouts
Australia’s insurance industry has lost the latest battle in an ongoing “war of attrition” between insurers and businesses that want compensation for COVID losses. Key points: The insurance industry has been denying small business claims for payouts for COVID losses It lost a test case into the issue last year It […]