ILSTV News
Your Source For Daily Insurance News & AnalysisWith 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 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...
