ILSTV News
Your Source For Daily Insurance News & AnalysisCRA to withhold tax from new Covid-19 benefits
Unlike the CERB, new benefits will be subject to 10% tax at source The excerpted article was written By Rudy Mezzetta The Canada Revenue Agency (CRA) will withhold 10% tax at source from amounts distributed through three new Covid-19 recovery benefits announced by the...
Novacap Acquires Interest In AGA Financial Group
MONTREAL, Oct. 5, 2020 /CNW/ - Novacap, one of Canada's leading private equity firms, announced that it acquired an interest in AGA Financial Group Inc. ("AGA"), one of Quebec's leading employee benefits advisory firms and third-party administrators of group insurance...
Onlia and Ultimate Dining Card® Team Up to Reward Canadians for Good Driving Behaviour
ORONTO, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Onlia, Ontario’s fast-growing provider of online home and auto insurance, announced a new collaboration today with Ultimate Dining Card®. Effective October 1, users of Onlia’s safe-driving app, Onlia Sense™, can now unlock...
IBC Statement on the Future of Auto Insurance in BC
Aaron Sutherland, Vice-President Pacific, Insurance Bureau of Canada (IBC), issued the following statement: Today, the BC Liberal Party announced that if elected to form the next government, they will open the province's vehicle damage market to full competition. This...
Why can’t Toronto music venues get insurance?
A number of venues are saying they can’t get renewals for their commercial liability insurance – and they’re worried it could get them evicted
Pandemic travel medical insurance now available to all Canadians
Goose Insurance launches Canada's first standalone worldwide Pandemic Insurance covering Canadians while travelling for up to $500,000 in COVID-19 related emergencies. VANCOUVER, BC, Oct. 1, 2020 /CNW/ - Recently, both major Canadian airlines announced that customers...
Westland Insurance Acquires Two New Brokerage Firms in Alberta
SURREY, BRITISH COLUMBIA – October 2, 2020 – Westland Insurance Group Ltd. (“Westland”) is pleased to announce the closing of two acquisitions, effective October 1, 2020. Westland’s new retail offices, both located in Alberta, support the company’s expansion strategy...
Ontario Insurance Regulator Has Several Priorities For The Life Insurance Sector
The excerpted article was written by Jill E. McCutcheon, Kelly Morris and Marissa Daniels Torys LLP The Financial Services Regulatory Authority of Ontario (FSRA), the Ontario insurance regulator, has identified two key areas of assessment of life and health insurers...
Ontario Court of Appeal addresses available insurance coverage & additional insured
Economical Mutual Insurance Company, the Ontario Court of Appeal discussed the availability of insurance coverage to an additional insured. … was not asked to provide an opinion on the suitability of the transformer. … The Court noted that the Additional Insured Endorsement provided insurance with …
OLHI Helps When Consumers Have Insurance Disputes
OLHI CEO, GLENN O'FARRELL TALKS LIFE, HEALTH, DISABILITY AND TRAVEL INSURANCE TRENDS VANCOUVER, BC, Sept. 30, 2020 /CNW/ - In the midst of a pandemic, only one national, impartial and independent service offers Canadians across the country free help with life and...
