Canadian insurance company leads the way in anti-discrimination for suicide patients

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Desjardins Group has become the first insurer in the country to drop a controversial policy clause. The Desjardins Group insurance company in Canada has now become the first insurer in the country to drop a clause from its benefits plans that would deny benefit payments to policyholders who have self-inflicted injuries or who have attempted suicide. The changes to the employee benefits plan have become effective immediately and will apply to at least one client. At the start of this change, the changes made by the insurance company are taking…

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Genetic testing should not be used by insurance companies, says privacy watchdog

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There aren’t any laws that strictly prohibit the use of discrimination resulting from these tests. According to the main privacy watchdog in Canada, the use of genetic testing by insurance companies is not justified and the group is urging insurers across the country not to begin employing those methods as a part of their risk assessment. The rapid evolution of technology and science is making it challenging to protect privacy. According to insurance news from the Office of the Privacy Commissioner of Canada, when it comes to the advances that…

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Study highlights plights of private health insurance in Canada

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Canada’s private insurance sector may be in need of reform A new study from the Center for Health Services and Policy Research at the University of British Columbia suggests that private health insurance may be inadequate. The study shows that there is a significant gap between the premiums that consumers pay for coverage and the claims payouts that are issued by insurance companies. As such, major reforms may be in order for Canada’s insurance sector in order to make health care more beneficial for consumers. Study shows that there is…

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Insurance news reveals the launch of a new global association

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The GFIA has 31 founding members from around the world. The latest insurance news is now including the start of the Global Federation of Insurance Associations (GFIA) which includes 31 founding members from around the world and represents 87 percent of the worldwide industry business. Among the founding members is the Insurance Council of Australia. According to an insurance news statement made by Rob Whelan, the CEO of the council, “Insurance is very much a global business, and insurance industry associations face many of the same issues across the world,…

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