ILSTV News
Your Source For Daily Insurance News & AnalysisSt. John’s couple with pricey travel insurance now stuck with vouchers for cancelled trip
Barb Sweet (barbara.sweet@thetelegram.com) The Chronicle Harold ST. JOHN'S — With travelling a few times a year, an annual travel insurance policy once made the best sense, but Tom Gordon is re-evaluating that logic after dealing with his insurer. Gordon contacted The...
Lessons Learned By Employers From COVID-19
The excerpted article was written by Susan Crawford CCPartners As we pass the one month mark in this unprecedented pandemic, CCPartners continues to see recurring themes that impact employers' abilities to respond nimbly to unexpected legislative changes and workplace...
With COVID-19, Business Interruption Claims Will Not Be The Only Claims
The excerpted article was written by Mikel Pearce Strigberger Brown Armstrong LLP There has been a lot of coverage, and a lot of ink spilled (does that expression even have meaning any more?) about the potential and actual business interruption claims that may be made...
Meal delivery drivers often not insured if using personal car, broker warns
Most personal auto insurance policies don't cover vehicles for food or package delivery The xxcerpted article was written by Paula Duhatschek · CBC News Drivers making deliveries for some popular food delivery apps might be unaware their auto insurance may not cover...
Canada Life Reinsurance enters into major longevity risk reinsurance agreement
WINNIPEG, May 20, 2020 /CNW/ - Canada Life Reinsurance is pleased to announce that it has entered into a long-term longevity reinsurance agreement with NN Life covering €5.3 billion of in-force liabilities. Close to 82,000 of in-payment defined benefit pensioners will...
DYK – In Canada, men pay more than women for car insurance across all age groups
TORONTO, May 20, 2020 /CNW/ - Auto insurance premiums are determined using a variety of factors, including a person's driving record, years of driving experience, insurance history, vehicle make and model, type of usage, type of coverage, deductible, and so on. But...
COALITION RAISES $90 MILLION IN FUNDING TO BUILD THE FUTURE OF CYBER INSURANCE
Existing investor Valor Equity Partners led Series C round; largest ever cyber insurance funding round SAN FRANCISCO -- May 20, 2020 -- Coalition, the leading cyber insurance and security company, today announced it has raised $90 million in equity capital to fuel its...
Coalition Launches Disruptive Cyber Insurance & Security Offering In Canada
Leading cyber insurance provider takes aim at the new threats technology brings to Canadian businesses Coalition, the leading cyber insurance and security company in the US, today announced it is expanding its offering to Canada-based companies, providing proactive...
Ontario Removes Prohibition On Auto Insurance Premium Rebates
by Hartley Lefton and Nancy J Carroll McCarthy Tétrault LLP In a move prompted by the COVID-19 crisis, the Ontario government modified the "Unfair or Deceptive Acts or Practices" regulation under the Insurance Act of Ontario in order to reduce barriers to rebating or...
Pandemic reduces ICBC’s claim costs, but crashes investments, says Eby
VICTORIA _ The COVID-19 pandemic has sideswiped British Columbia's public vehicle insurer, but the attorney general says it's too soon to assess the potential damage. David Eby, who is also the minister responsible for the Insurance Corporation of B.C., says claim...
