ILScorp Blog
The latest and greatest info from ILScorp!
Study Shows Newlyweds of All Ages Are Ignoring Insurance Needs
Today, Nov. 12, 2013, aka 11-12-13, is expected to be a popular day for weddings. And as thousands of couples say I do, or commit to do so over the next few months, a new study shows many of these couples are ignoring important discussions about insurance.
Changes Proposed for Alberta’s Auto Insurance Industry
Alberta’s provincial government is proposing changes to province’s auto insurance system, to better protect consumers from rising premiums, while still giving individual companies more opportunity to make their case for increased pricing.
“Albertans have told us they want increased oversight in their auto insurance rates and we’ve listened.”
Canadians Want to Learn More About Their Insurance During Financial Literacy Month
November is Financial Literacy Month in Canada, and Canadians are keen to learn more about how insurance affects their finances, according to a recent Pollara survey commissioned by Insurance Bureau of Canada (IBC). Half of Canadians want to better understand home and car insurance and how it fits into their financial plans and almost 90% think children should learn about home and car insurance at school, according to the survey.
Young Drivers May See Insurance Rate Breaks in Ontario With New Program
Young Ontario drivers may soon benefit from a new program aimed at cutting vehicle insurance costs for this high risk group. Ontario parents and their teen drivers may soon have some relief for the high cost of car insurance, when a variation of a Quebec program by insurer Industrial Alliance comes to Ontario. While it won’t be run by Industrial Alliance, it will be loosely based on its Mobiliz program aimed at 16-to-24-year-old drivers.
Be a Cautious Commuter For the Next Few Weeks
Your commute home will be extra risky over the next two weeks, as drivers adjust to to the end of daylights savings time and changes in their sleeping patterns and driving conditions. The Insurance Corporation of BC historically sees a 16 per cent increase in the average number of crashes in B.C. during the late afternoon commute in the two weeks following the end of Daylight Savings Time, compared to the two weeks prior to the change.
Virtual Classrooms Starting Today
Congratulations to the students who are starting a four week challenge today, participating in the ILScorp virtual classrooms. In just four weeks, students are enrolled in the ILS Introduction to General Insurance will complete their level 1 licensing programs.
Canadian Snowbirds Need to Review Their Insurance Coverage
Canada’s snowbirds are starting to head south for the winter, but many of them don’t have the proper insurance coverage for their time away. According to a recent survey by TD Insurance, only half of Canadians aged 50 and over checked their travel insurance policy before leaving for vacation, and only 16% called their insurance provider to determine if they needed to update their policy.
Stay Safe on the Roads Tonight – Tips for Drivers, Parents and Trick-or-Treaters
With trick-or-treaters knocking on doors on tonight and Halloween parties this weekend, drivers are being asked to be extra cautious on the roads and parents are reminded to make a plan to help their children stay safe this Halloween.
“As a parent myself, I know how excited children are about trick-or-treating and their safety on the road may not be top of mind for them,” said Todd Stone, BC’s Minister of Transportation and Infrastructure.
Last Chance Alberta Agents! Your CE Deadline is Tomorrow, Thursday, Oct 31st.
Tomorrow is the final deadline for Alberta insurance agents to complete their mandated continuing education hours. If you haven’t finished your hours yet, ILScorp is here to help! Alberta insurance professionals must complete their mandatory CE hours by Thursday, Oct. 31.