In late March, TD Bank president Ed Clark urged the
federal government to make “minor modifications”
to current insurance rules. Clark would like the government
to allow banks to provide clients with information on
insurance products, though not actually sell them.
The government has held against bank mergers so Clark
says his bank is forced to focus on growing its services
to clients in Canada and in the United States. Clark
says TD Bank wants the right to give insurance information
to clients who ask for it. He says that the bank would
then refer these clients to an insurance professional.
TD Bank currently operates the separate TD Life Group
and TD Meloche Monnex, which provide life, health, home
and auto insurance.
-- ICBC to provide “prompt” coverage
Following last month’s sinking of B.C. Ferries’
Queen of the North, the company was quick to work with
insurance adjusters to deal with liability claims.
The Insurance Corporation of British Columbia (ICBC)
said that they were ready to provide compensation without
delay for the 16 vehicles that were on board the doomed
ferry. ICBC would also cover the costs of rental vehicles,
said a spokesperson for the corporation.
Normally losses at sea are covered only by the option
comprehensive coverages, but ICBC maintains that vehicle
owners will be fully reimbursed, regardless of their
coverage.
Kevin McIntyre, president of the Insurance Brokers of
B.C., said passengers will be covered for lost possessions
through their homeowner's insurance. He said coverage
includes loss of property while on a common carrier.
"As long as someone had a home-insurance policy,
or a tenant's or a condo policy, they've got coverage
for their contents," McIntyre said.
--
Sunken ferry could cost over $15 million in
liability claims
Passengers on the Queen of the North, which sunk last
month off the coast of western British Columbia, could
file lawsuits against B.C. Ferries.
However, the amount is not likely to reach the $325
million amount that passengers of August’s Air
France flight fought for after their plane slid off
the runway at Pearson Airport in Toronto.
Since the Queen of the North is governed by the Marine
Liability Act, each passenger is limited in the amount
of damages for which they can sue. The limit is around
$300,000 and with about 50 passengers on board, that
adds up to $15 million.
Experts say that insurance will cover some but likely
not all of the value of the ferry.
--
Insurers to offer identity theft protection
Thousands of Canadians are victims of identity theft
each year. Recent advances in technology have made it
easier for thieves to gain access to all sorts of a
person’s personal information. With vital information
such as name, address, date of birth, social insurance
number and even mother’s maiden name, thieves
can take over the victim’s financial accounts,
open new bank accounts and credit lines, make big ticket
purchases and so on.
It’s estimated that in the United States, 10
million people have been victimized by identity theft
at a cost of about $5 billion each year. American victims
spent approximately 300 million hours trying to get
themselves cleared and their identities back.
The
Advantage Perfomance Series (at Sea) Caribbean Cruise Presented by ILS Learning Corporation
Please press
play to start video(the sideways triangle)
What are you doing for the week of January 21 to 28, 2007?
We hope that you will be able to join the ILS Learning Corporation
Advantage Performance Series (at Sea) Caribbean cruise. Not
only will you be able to relax and visit some of the world’s
most beautiful locations, you can obtain up to 12 continuing
education credits as well!
The adventure begins in Fort Lauderdale, Florida, where you
will board the five-star Princess Caribbean ship and set sail
for a week of sun, sand, relaxation and live seminars.
The ILS Advantage Performance Series (at Sea) is relaxed
while still offering top-quality continuing education seminars.
The days are yours to go ashore and explore the ports of call
or simply remain onboard and enjoy the ship. There will be
seminars and special functions organized for the ILS Learning
Corporation group during the days at sea, and optional group
activities throughout the week.
Ports of call scheduled for this trip include the following
popular destinations:
Fort Lauderdale, Florida
St. Maarten, Netherlands Antilles
St. Thomas, U.S. Virgin Islands
Princess Cays, Bahamas
ILS Learning Corporation is pleased to welcome two keynote
speakers on the cruise.
Grant
Hicks, C.I.M, FCSI, President of Hicks Financial,
is one of Canada’s leading authorities on marketing
financial services. Hicks, co-author of “Guerilla Marketing
for Financial Advisors”, has been helping audiences
of insurance professionals, financial advisors and mutual
fund wholesalers create business-building strategies through
marketing.
He has presented seminars to a variety of organizations including
TD Bank, Standard Life, Manulife Financial, RBC Dominion Securities
and more. His seminar presented by ILS Learning Corporation
will re-energize your motivation to success and enhance your
desire to keep your business growing.
Steve
Hawrishok, B.Ed, AIIC, CAIB, is the President of
ILS Learning Corporation and the author of the Fundamentals
of Insurance and the Canadian Accredited Insurance Broker
program.
For more than 20 years, Hawrishok has been teaching licensing
and continuing education courses to thousands of brokers from
across Canada. He has delivered keynote addresses to numerous
industry functions, and today, is widely recognized as one
of Canada's leading insurance educators.
With Hawrishok at the helm, ILS Learning Corporation has
become the largest provider of online insurance continuing
education in Canada. Steve believes that learning is made
easier when it's fun!
Come and join Hicks and Hawrishok on the ILS Advantage Performance
Series (at Sea)
Don’t forget to ask your accountant about tax
deductions for continuing education credits!
Good
news for Alberta brokers
Following the success of the Level 1 online video licensing
program for Alberta brokers, ILS Learning Corporation is happy
to announce the launch of the Level 2 program.
Students will be familiar with the interactive and informative
format with streaming video and relevant text slides. For
brokers looking to successfully challenge their Level 2 Insurance
licensing exam, the process has become easier, faster and
more economical.
Why are Alberta brokers excited about the launch of ILS Learning
Corporation’s Level 2 program? Consider the following
reasons:
Complete and comprehensive – This course includes
everything students need to know to challenge their Level
2 exam. No additional books or resource materials are required.
Easy and effective way to learn – The course can
be taken anytime, anywhere. 24/7, 365 days a year. Anywhere
you have access to the internet, you have access to the
courses.
Effective – The course is broken up into easy-to-manage
chapters, which include video clips, interactive exercises
and practice exams. The ILS course is extremely successful
in preparing students to pass their exams.
Economical – With no travel costs and no time away
from the office, as well as competitive pricing, this ILScourse
is one of the most economical ways to study for your level
2.
Have you ever wondered how certain businesses got their names?
Take a look at the following list. Some are not as obvious
as you may have thought!
7-Eleven (convenience store): Originally called “Tote’m”
in 1927 because customers ‘toted’ away their purchases,
7-Eleven got it’s new name in 1946 to reflect the stores’
new extended hours – 7am until 11pm, seven days a week.
Today we know that the stores are open much longer than 7
to 11 but the name stuck.
Amazon.ca (online bookstore): Founder Jeff Bezos saw the
potential for a larger volume of sales online as opposed to
bricks and mortar bookstores and named his store after the
world’s most voluminous river, the Amazon.
BenQ (computer hardware manufacturer): Bringing Enjoyment
and Quality to life.
Bic (pen company): Named after one of the founders, Marcel
Bich. It was later decided to drop the ‘h’ from
Bich in order to avoid any inappropriate English pronunciations
of the name.
eBay (online auctions): Pierre Omidyar, who had created the
Auction Web trading website, had formed a web consulting company
called Echo Bay Technology Group. "Echo Bay" didn't
refer, as many believed, to the town in Nevada or to any real
place. When he tried to register EchoBay.com, he found that
Echo Bay Mines, a gold mining company, had gotten it first.
So he registered what he thought was the second best name:
eBay.com.
Volvo (automobiles): From the Latin word “Volvo”
which means “I roll.”
For those students of the industry, you know that for torts
to exist negligent actions must cause foreseeable injuries
to plaintiffs. When defendants have no way of knowing that
their actions could injure, no tort occurred.
In Watson v. Sears Canada Inc. the plaintiff was seriously
injured as a result of a minor slip and trip in the defendant’s
store. This small fall aggravated an already weak back in
the plaintiff. The British Columbia court ruled that the “Thin
Skull Doctrine” applied. When plaintiffs are injured,
defendants must take their victims as they find them. In other
words when existing conditions makes plaintiffs more susceptible
to injuries, defendants are responsible for these unforeseen
(more serious) injuries.
The “Thin Skull Doctrine” has been part of Canadian
law for years. If victims have unusually thin skulls or unusually
weak hearts, defendants are responsible for their injuries
even if these injuries are unforeseeable.
Coming
Soon! The Real Estate Solution for Continuing Education
in Ontario
Are you a real estate broker or sales representative, working
in Ontario? Do you want to save time and money? Do you want
to lessen your stress?
It will soon be possible with the launch of ILS Learning
Corporation’s RECO-approved courses for mandatory continuing
education (MCE) credits.
With ILS Learning Corporation’s real estate portal
due to launch at the end of this month, you no longer have
to take time out of your schedule to obtain MCE credits. You
can eliminate the costs of attending live courses. You can
study from any computer with an internet connection, every
day of the year and at any time.
Expect nothing but full e-learning courses from ILS Learning
Corporation. Courses are complete and comprehensive; there
are no additional books or resource materials required. The
courses, written by professional writers and experts, are
fun, interesting and interactive ways to get the MCE credits
you need.
For more information, visit our Website at www.ilscorp.com.
You can also call us at 1-800-404-2211 or email us at info@ilscorp.com
Grant
Hicks, C.I.M, FCSI, President of Hicks Financial,
is one of Canada’s leading authorities on marketing
financial services. Hicks, co-author of “Guerilla Marketing
for Financial Advisors”, has been helping audiences
of insurance professionals, financial advisors and mutual
fund wholesalers create business-building strategies through
marketing. 
