ILSTV News
Your Source For Daily Insurance News & AnalysisA dashcam can offer an ‘unbiased witness’ in traffic-accident disputes
BY DAN HEALING THE CANADIAN PRESS In a video taken through the windshield of Dung Le’s 15-year-old Toyota Echo, an oncoming car breaks the monotony of a wide, nearly empty street on a quiet August morning in a sprawling residential Edmonton neighbourhood. As it...
read moreIntact buying insurers Guarantee Co. and Frank Cowan for $1-billion
Intact Financial Corp. has signed a deal to buy The Guarantee Co. of North America and Frank Cowan Co. Ltd. from Princeton Holdings Ltd. for $1 billion in cash. The Guarantee is a specialty lines insurer in Canada and the U.S., while Frank Cowan is a managing general...
read moreBrookfield acquires mortgage insurer Genworth Canada in $2.4-billion deal
JAMES BRADSHAW BANKING REPORTER | The Globe and Mail Brookfield Asset Management Inc.’s private-equity arm is making a long-term bet on Canada’s mortgage market with a $2.4-billion deal to take control of Genworth MI Canada Inc., the country’s second-largest mortgage...
read moreBritish Columbians pay the highest on average in car insurance in Canada
VANCOUVER (NEWS 1130) – Drivers in British Columbia are paying the highest insurance premiums in the country – by a substantial amount. New numbers calculated by the General Insurance Statistical Agency show, on average, drivers in this province are shelling out...
read moreGore Mutual Named Leading Financial Services and Insurance Workplace
CAMBRIDGE, ON, Aug. 13, 2019 /CNW/ - Gore Mutual Insurance continues to receive national recognition for its workplace culture. Earlier this year the company was named an Employee Recommended Workplace and also certified as a Great Place to Work. Now Gore Mutual is...
read moreOmbudService for Life & Health Insurance appoints a new Chief Executive Officer & Ombudsman
TORONTO, Aug. 13, 2019 /CNW/ - The OmbudService for Life & Health Insurance (OLHI) announced today that its Board of Directors has appointed Mr. Glenn O'Farrell as Chief Executive Officer and Ombudsman. He will assume his functions in the Toronto office on August...
read moreAXA XL Names New Senior Underwriter for Large Property Insurance in Canada
AXA XL has added Jennifer Arezes to its Property Insurance team in Canada. Ms. Arezes is based in Toronto and will work alongside Ian Rutherford, Head of Property, Canada and Urs Uhlmann, CEO and Country Manager AXA XL, Canada to grow AXA XL's Property & Casualty...
read moreUnderstanding life insurance
Health Canada’s cost calculator finds that smoking half a pack a day can … Here’s how this costly habit can affect your life insurance premium.
read moreWhat goes up, must come down — unless it’s car insurance rates, apparently
Lorraine Explains: Don't let misleading Top 10 lists fool you about auto insurance By LORRAINE SOMMERFELD “Lies, damned lies, and statistics” is a quote attributed to various famous folk, but the upshot is the same: we can make numbers twist and turn in conversational...
read moreSocial insurance numbers are stolen by the millions
New SINs 'will not protect individuals from fraud,' said government official Jonathon Gatehouse · CBC News The one million Canadians who saw their social insurance numbers stolen in the massive Capital One data hack shouldn't count on Ottawa to help bail them out of...
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