Your Breaking Insurance News

Take our May Quiz!

by ILSTV | May 15, 2020 | Quizzes | 0 Comments

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

by The Canadian Press | May 14, 2020 | Agriculture | 0 Comments

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

by ILSTV Daily News | May 14, 2020 | Canada, Canadian Insurance | 0 Comments

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...

Pandemic crisis forecast to hit insurers for $200 billion

by The Canadian Press | May 14, 2020 | Catastrophic Events, Claims, International Insurance | 0 Comments

LONDON _ The pandemic will cost the insurance industry over $200 billion, according to Lloyds of London, who estimated that its own payouts are now on a par with the Sept. 11, 2001 attacks or the combined impact of hurricanes Harvey, Maria and Irma in 2017. Lloyds,...

COVID-19 pandemic beyond scope of business interruption coverage, says lawyer

by ILSTV Daily News | May 12, 2020 | Business Insurance, Canada, Canadian Insurance, Claims | 0 Comments

And they’re fighting back in the courts, with lawsuits popping up in Canada, the US, Britain and other countries. I’m sitting here with no coverage …

The highly regarded industry leader will bring unmatched insights to clients

Aon names Matt Wolfe as new president of Reinsurance Solutions in Canada

by ILSTV | May 12, 2020 | Canada, Canadian Insurance, Risk Management | 0 Comments

The highly regarded industry leader will bring unmatched insights to clients TORONTO,(May 8, 2020) – Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has appointed Matt Wolfe as the new...

Fort McMurray homeowners clean up as insurance questions linger after flooding

by The Canadian Press | May 12, 2020 | Canada, Flood Risks | 0 Comments

FORT MCMURRAY, Alta. - Cora Dion's voice echoes as she films a video showing what's left in the basement of her home in downtown Fort McMurray after several days of flood cleanup. The couch and chair are in the garbage. The beige carpet has been ripped up. The...

Measuring Vehicle Speed with Radar

by Cst. Tim Schewe (Ret.) | May 12, 2020 | Auto & Trucking, Canada, Risk Management, Road Safety | 0 Comments

Despite the fact that it is older technology, radar is still frequently used by police to measure vehicle speeds today. When used properly, it is an accurate method of determining how fast a vehicle is traveling. The courts also accept qualified radar evidence...

CRA claiming $4.4B from CDN companies & individuals suspected of offshore tax evasion

by ILSTV Daily News | May 12, 2020 | Canada, Tax | 0 Comments

The excerpted article was written by Christopher Nardi | National Post OTTAWA – The federal government is claiming $4.4 billion from Canadians and corporations suspected of cheating the taxman by hiding their money in offshore tax havens. “The gross number is $4.4...