ILSTV News
Your Source For Daily Insurance News & AnalysisCOALITION 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...
Duuo Launches Gig Insurance for HGTV Star’s HeyBryan Platform
TORONTO, May 14, 2020 /CNW/ - Duuo, an on-demand insurance brand of The Co-operators, is announcing the launch of its new gig insurance product with partner, HeyBryan. The first of its kind in Canada, Duuo Gig Insurance will be available to HeyBryan Experts...
Victoria Day long weekend is upon us & ILScorp will be closed Monday, May 18th.
Please note our offices will be closed Monday MAY 18. Victoria Day long weekend is upon us here in British Columbia, and we are looking forward to catching up with family and Zoom time with those afar. Please note our office will be closed Monday, May 18th. With...
Cash-flow challenges and debt levels increase risk of insolvencies
By Jordan Press THE CANADIAN PRESS OTTAWA _ The Bank of Canada says there are signs in the country's financial markets that suggest concern about the ability of companies to weather the COVID-19 economic crisis. The central bank has spent the last two months making a...
Take our May Quiz!
Lots of crazy, interesting, and fascinating stuff is associated with the month of May. As the last full month of spring draws to a close, test your knowledge with our May quiz. [wpsqt name="All About May Quiz"...
Ottawa announces $469M for fish harvesters with sector specific grant, benefit
OTTAWA _ Canadian fish harvesters welcomed the announcement Thursday of $469 million in federal support for the sector during the COVID-19 pandemic, saying they're watching closely for clarity as fishing seasons open across the country. Prime Minister Justin Trudeau...
Investors seeking ‘apocalypse insurance’ send gold ETFs skyrocketing
The excepted article was written by GILLIAN LIVINGSTON | THE GLOBE AND MAIL Sparked by a flight to safety during the COVID-19 crisis, investors are turning to gold as a haven, which has boosted the price of the precious metal and led to a high demand for Canadian...
