For the quarter ended March 31, Desjardins Group recorded surplus earnings before member dividends of $342 million.
This represents a decrease of $109 million compared to the same period in 2022, when surplus earnings were $451 million. The 2022 amount was adjusted, leading to a 24 per cent downturn over a 12-month period.
Data for the first quarter of 2022 have been adjusted, as for all insurers, to reflect changes to IFRS accounting standards. Comparison with the previous year must be done with caution, the cooperative points out.
Property and casualty insurance
In P&C insurance, Desjardins posted a net deficit…
what does health insurance through the marketplace mean?
Op-Ed: PurpleCARE mental health coverage must be increased to meet the urgent needs of students | opinion
A group of students walk by the Weldon Library, Sept. 18, 2017.
Max Mao / GAZETTE
Access to mental health resources is key to ensuring students receive a quality experience, achieve academic success and improve their overall well-being. The USC’s PurpleCARE health benefits plan strives to provide these necessary resources for undergraduate students.
Every Western University undergraduate student is automatically enrolled in PurpleCARE, which offers insurance coverage for various health-related needs. This includes $750 insured for mental health-related expenses such as seeing a therapist or social worker.
However, as elected University Students’ Council Councilors, we have heard from students repeatedly…
Neighborhood health clinic plans to open in this northeast Wichita church and school
A neighborhood clinic opening Saturday at a northeastern Wichita church and school aims to offer close-to-home primary care and reduce costs for people without health insurance.
The grand opening of the Holy Family Fairmount clinic will be part of a community health fair that will include diabetes and blood pressure checks in addition to music, food and face painting from 10 am to 2 pm
The clinic, at Holy Savior Catholic Church and Academy, 3000 E. 13th St. N., will offer primary care services to patients of all ages. It is a satellite office of Holy Family Medical and offers…
Ballooning cost of insuring undocumented immigrants complicating Illinois budget negotiations
CHICAGO — The $49.6 billion budget Gov. J.B. Pritzker introduced in February estimated the cost of a program that provides state-funded health insurance to adult immigrants who are in the country without legal permission at $220 million.
[–Just three months later, that estimate has grown fivefold, swelling to $1.1 billion and threatening to blow a hole in the Democratic governor’s proposal for the budget year that begins July 1, the first of his second term.
[–At the same time, revenue flowing to the state appears to be slowing, putting further pressure on Pritzker and the Democratic-controlled legislature as…
Harvard Pilgrim Health Care owner targeted by ransomware cyberattack
The company that owns Harvard Pilgrim Health Care and other major health insurance plans is responding to a ransomware attack. Point32Health released a statement stating that their staff identified a cybersecurity breach on April 17, impacting the systems used to connect to members, accounts, brokers and providers.According to the US Cybersecurity and Infrastructure Security Agency, cybercriminals will hold systems or data hostage until a ransom is paid for a decryption key, denying access and sometimes threatening to publish or sell the data. While the Harvard Pilgrim Health Care system is offline, Point32Health says medical care services will be covered as…
Future-proofing the health and wellbeing of Canadian workplaces
The Benefits Together Conference Series provides a forum for meaningful dialogue on meeting the diverse health and wellness needs of employees
TORONTO, May 4, 2023 /CNW/ – At an exclusive conference series in Halifax (April 19), Toronto (April 26) and Montreal (May 3), speakers and delegates came together to exchange thoughts, ideas and actionable strategies to support the health and wellbeing of today’s workforce.
Alaina Mackenzie and Bernard Lord (CNW Group/Medavie Blue Cross)
Hosted by Medavie Blue Cross, Benefits Together put access to care, mental health and diversity and inclusion into focus, while exploring the urgent questions and transformational trends…
FSRA Takes Action to Protect Consumers of Life and Health Insurance
Annual report highlights examinations of high-risk agents
TORONTO, May 2, 2023 /CNW/ – Through market conduct supervision and enforcement activities, The Financial Services Regulatory Authority of ont (FSRA) is working to ensure life and health insurance agents are compliant with legislation, regulations, and that they are working to achieve fair outcomes for customers.
In 2021-22, the FSRA reviewed 115 higher-risk life agents and the results are included in the first Life and Health Insurance Agent Supervision Report which is being released today. Annual reporting of life agent supervision contributes to public confidence through promoting transparency, disclosure of information, and deterring…
Unlicensed health insurer fined, ordered to stop operations in Minnesota
(FOX 9) – A health insurance company based in Texas, but operating in Minnesota, has been fined and ordered to stop selling unlicensed insurance policies in Minnesota.
Salvasen Health, its owner Barry Glenn, and multiple affiliates have been fined $553,000 by the Minnesota Department of Commerce (DOC) and ordered to stop their operations in Minnesota, the DOC said in an announcement Wednesday.
According to the department, Salvasen and affiliates were not licensed in Minnesota to sell health insurance plans but sold unapproved health plans to Minnesota consumers regardless.
The DOC provides regulatory oversight of insurance for Minnesota and initially acted…