This year, Family Day in BC is on Monday, February 13, 2015.

This year, Family Day in BC is on Monday, February 13, 2015.

This year, Family Day in BC is on Monday, February 13, 2015.

BC Government is partnering with the BC Recreation and Parks Association to bring family friendly events to communities across BC. There are also lots of independent events taking place all over BC like skiing, festivals and entertainment. You can find events in your area here.

The ILScorp offices will be closed Monday, Feb. 13 as we take some time to enjoy the long weekend. We’ll be back Tuesday morning, ready to take your calls, answer your questions and register you for online insurance programs. You can reach us from 8 a.m. – 5  p.m. Pacific Time.

You can also register for our insurance training programs online, anytime, at ILScorp.com

And for subscribers to the ILSTV insurance industry newsletter, your daily dose of Canadian insurance news returns to your inbox on Wednesday, Feb 15th.

Stay up to date by liking us on Facebook or following @ilstv for insurance news and more on twitter.

*ILScorp’s office will be open on Monday, Feb. 20, which is a statutory holiday in many other provinces.*

Have a great long weekend, everyone!

Trump travel ban keeps Iranian Canadian theatre director from work in Halifax

An Iranian-Canadian theatre director who shuttles between L.A. and Halifax for work says he has decided to stay in the United States rather than cross the border under President Donald Trump’s travel ban.

Shahin Sayadi says he can’t risk being separated from his family in California as confusion looms about Trump’s executive order barring citizens of seven Muslim-majority countries, including Iran, from entering the country.

Sayadi moved to Los Angeles seven months ago with his wife and two children, but frequently travels back to Halifax to oversee Onelight Theatre, which he founded more than two decades ago.

Sayadi returned from Halifax last Tuesday, January 24, 2017 three days before Trump signed the executive order.

He says he’s unsure when he’ll return to Canada, where he has been a citizen for 30 years, because he’s not sure if he would be allowed back into the U.S. even though he holds a green card that allows him to live and work there.

Trump’s sweeping travel ban originally covered green card holders, but then the White House reversed course and said citizens of those nations who hold permanent U.S. residency can re-enter the country.

The sweeping measure has been stayed by several federal courts leading to inconsistent implementation of the order _ leaving thousands of travellers like Sayadi in limbo.

Sayadi’s wife, Maggie Stewart, is a Canadian immigration lawyer and she says she’s seen an uptick in inquiries since the executive order was signed.

 

The overall goal is stated as keeping rate increases in line with inflation.

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Canada: Cybersecurity – Ontario’s Next Big Startup Cluster?

Canada: Cybersecurity – Ontario’s Next Big Startup Cluster?

Article by Aird & Berlis LLP

A recent report from Deloitte, commissioned by the Ontario Centres of Excellence (OCE) and the Toronto Financial Services Alliance (TFSA), suggests that Southern Ontario is perfectly positioned to become a global hub for cybersecurity startups.

The current market for cybersecurity products is estimated at $106 billion. At the same time, the average Canadian data breach costs over $6 million, and analysts project the aggregate global costs of cybercrime at $2 trillion, with dramatic growth rates. With high enterprise risk but no single company leading the market for enterprise solutions, it’s an attractive sector for a new entrant.

Deloitte’s report argues that Canada, and Ontario in particular, should play a leadership role in the global development of this vertical.

Canada’s financial services sector is large, stable and increasingly interested in collaborating with new technology companies. Canadian banks have set themselves apart from the global class with a reputation for stability earned during the financial crisis. Investing in cybersecurity amplifies and helps protect that reputation. And as our friends at The Spotlight have covered, companies are increasingly becoming aware of the high costs of data theft.

This growing demand may soon be augmented by the actions of financial services regulators, who are increasingly turning their minds to regulatory technology as a means of imposing standards and solutions on the sector. If, for example, the Office of the Superintendent of Financial Services follows the EU’s lead and imposes standards for identify authentication and verification on the financial services and FinTech operators, it could be a huge payday for the right Canadian growth company.

In addition to thriving market demand, Ontario boasts world-class talent, R&D and incubation and accelleration facilities. The province is home to leading experts and commentators on cybersecurity, providing thought leadership and boosting traction. There is also significant access to capital from VCs, pension funds and government, allowing growth companies to scale when ready.

Finally, the Deloitte study identifies about 70 SMEs operating across the province in a variety of subject matter domains, with a majority of companies working on data protection, but others focusing on identification and authentication, application security, cloud and mobile security, and threat intelligence. This suggests that there are enough active companies on the ground to provide a healthy environment for competition, collaboration and talent acquisition, but there is still plenty of room for new entrants to gain traction.

In other words, the report suggests that the ingredients are in place for cybersecurity to become Ontario’s next big startup cluster.

On March 8th at the Design Exchange, OCE and TFSA will be co-hosting a “Finance Cybersecurity Partnering Forum,” intended to bring together Ontario’s top financial institutions, fintech and cybersecurity SMEs, and academic institutions. The Forum will discuss Deloitte’s report and feature case studies, talent development and collaboration models, and one-on-one networking. For more information or to register for the Forum, click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Ontario drivers pay too much for auto insurance,” states Irene Bianchi, Executive Vice President of Claims, Aviva Canada.

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The best deals on cars with active safety technology to decrease insurance

The best deals on cars with active safety technology to decrease insurance

Since last year, Ontario residents who chose to equip their vehicles with winter tires automatically qualify for a 2 to 5 percent discount on auto insurance premiums. Advances in vehicle technology – including autonomous braking, advanced airbags, pedestrian detection and lane-keeping assist systems – have even greater potential to dramatically reduce accidents and the cost of insurance.

“As semi-autonomous vehicle technologies become available, we will see insurers trying to get ahead of the curve to shift their insured fleet to these safer vehicles, thereby creating more competitive rates,” says Igal Mayer, CEO of RDA Insurance, which powers insurance rate comparison site ShopInsuranceCanada.ca. “Consumers will need to compare their vehicle purchase even more, right down to trim and options that include active safety technologies.”

In an industry first, Aviva Canada recently began offering a 15 percent discount on auto insurance for drivers of vehicles with autonomous emergency braking, which automatically applies the brakes when vehicle sensors or cameras detect a potential front-end collision.

“Autonomous emergency braking has been proven to help reduce the number of collisions leading to fewer injuries and lower claims costs,” said Steve Cohen, executive director of personal lines at Aviva Canada. “And we want to pass those savings to our customers.”

Our favourite deals this week feature vehicles with notable incentives that also come equipped with active safety technology.

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