ILSTV News
Your Source For Daily Insurance News & Analysis‘More and more claims:’ Pandemic lawsuits could tie up courts for years
By Bill Graveland THE CANADIAN PRESS CALGARY _ Lawsuits involving seniors homes, airlines, universities and ticket providers affected by COVID-19 could tie up Canadian courts for years, says a litigation lawyer. Michael Smith, a partner at the Bennett Jones law firm...
Apportionment Of Costs Based On The Insurance Policy Limits
by Sudevi Mukherjee-Gothi Pallett Valo LLP What discretionary powers can be exercised by the Court when deciding the apportionment of costs after a trial? The 2020 decision of Hummel v. Jantzi, focused on the apportionment of costs as between the defendants. The facts...
Genworth Canada says it won’t follow CMHC in tightening mortgage insurance eligibility
TORONTO _ Genworth MI Canada Inc. says it's holding steady on its credit score qualifications, despite a move by one of its main competitors to toughen mortgage lending standards. The Oakville, Ont.-based company said Monday its insurance subsidiary, which is among...
Canada’s Film & TV Industry Presents Unique Insurance Solution with Government Support
The excerpted article was written by Manori Ravindran | Variety Canada’s production community is working towards a bespoke insurance solution as the country looks to jumpstart production after it ground to a halt in March amid the coronavirus outbreak. Variety can...
Read moreI just got a speeding ticket for going 20 km/h over the limit, even though other people on the highway were going a lot faster. Will it affect my insurance rates?
Accumulating speeding tickets can impact the rates you pay for car insurance
How will a speeding ticket affect my insurance rates?
CMHC tightens lending standards to protect housing market during COVID 19
By Tara Deschamps THE CANADIAN PRESS TORONTO _ Canadians looking to borrow money for a home purchase a home are in for some extra challenges after the Canada Mortgage and Housing Corporation announced changes to its lending standards on Thursday. The country's...
Read moreIntact Financial Corporation announces retirement of Martin Beaulieu as Chief Risk Officer and appointment of Benoit Morissette as Chief Risk & Actuarial Officer
Intact Financial Corporation announces new chief risk & actuarial officer
Press Release: Intact Financial Corporation announces retirement of Martin Beaulieu as Chief Risk Officer and appointment of Benoit Morissette as Chief Risk & Actuarial Officer Intact Financial Corporation (TSX: IFC) today announced that Martin Beaulieu, Senior...
CPA Canada hit by cyberattack affecting data of more than 329,000
TORONTO _ A cyberattack on the Chartered Professional Accountants of Canada website has affected the personal information of more than 329,000 members and stakeholders, the organization said. The information includes names, addresses, emails and employer names, but...
BC Issues New Orders And Guidance To Employers For Phase 2 Of Its Restart Plan
04 June 2020 The excerpted article was written by McCarthy Tétrault Employer Advisor and Abigail Cheung McCarthy Tétrault LLP As BC begins Phase 2 of its Restart Plan, the Provincial Health Officer and WorkSafeBC ("WSBC") have published the following orders, guidance...
Read moreYes, we’re getting more extreme rainfall, and it’s due to climate change, study confirms
Federal scientists predict more frequent and severe rainfall in future
Insurance Bureau of Canada figures show water damage claims have been much higher since 2009. (Insurance Bureau of Canada).
