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News InsuranceRisk

Life and death decisions during a pandemic: Healthcare risk managers in the front lines

April 16, 2020 by Jason Contant

Crisis standards of care (CSC) plans should be developed before a disaster such as COVID-19 strikes, but they can be fine-tuned even in the midst of the crisis, a senior risk management consultant said recently. CSC is when healthcare systems,

News ClaimsClaims CanadaCommercial LinesInsuranceLegalLegislation / Regulation

Fairfax predicts court’s reaction to legislated retroactive BI policy changes

April 16, 2020 by Greg Meckbach

If laws get passed retroactively changing business interruption policy wording so that pandemic losses now get covered, insurers will likely launch legal challenges that will be looked at by high court judges, Fairfax Financial CEO Prem Watsa suggests. During Fairfax’s

News Commercial LinesInsuranceRisk

Why COVID-19 is hitting your supply chain clients particularly hard

April 15, 2020 by Jason Contant

By clustering suppliers in a region, a single event like COVID-19 can have an even broader impact than typically expected, a Zurich Canada executive said recently. “One of the things that businesses can do is look at where they have

News AdjustersClaimsClaims CanadaInsurance

Easter winds may have come just shy of first pandemic-era Cat event

April 15, 2020 by Greg Meckbach

High winds affecting various areas in Eastern Canada Monday will not necessarily result in a catastrophe event for property insurers, but it’s too early to tell for sure. Early Environment Canada forecasts suggested the storm could potentially lead to the

News BrokersEmploymentInsurance

The impact of dire unemployment on P&C

April 15, 2020 by Adam Malik

George Hodgson was blunt in his observation of what would happen if fears of a 25% unemployment rate come true in his province. “It’ll be horrendous,” the CEO of the Insurance Brokers Association of Alberta told Canadian Underwriter of the

insPRESS Insurance

30 Forensic Engineering Strengthens Multidisciplinary Remediation Group with the Appointment of Meghan Brady

April 15, 2020 by -30- Forensic Engineering

TORONTO, ON, APRIL 15, 2020 /insPRESS/ – 30 Forensic Engineering, Canada’s leading and fully-independent multi-disciplinary forensics firm, is pleased to announce the appointment of Meghan Brady M.Env.Sc. as Intermediate Associate, within the Multidisciplinary Remediation group. Meghan obtained her Bachelor of

News BrokersInsurance

As the pandemic drags on, plan how to protect your core services, Hub advises

April 14, 2020 by Jason Contant

Companies developing a business impact analysis (BIA) plan need to understand the amount of time the organization can function without producing a particular product or service, a senior executive with Hub International said recently. “We need to ask and answer

News BrokersClaimsInsurance

Is this how much pandemic coverage costs?

April 14, 2020 by Adam Malik

Famed tennis tournament The Wimbledon Championships has been buying pandemic coverage at a cost of millions of dollars per year for nearly two decades. And it’s set for a claims payout this year, according to a data analytics company. GlobalData,

News ClaimsInsuranceLegal

Meet the restauranteur who’s taking the industry to court over pandemic BI coverage

April 14, 2020 by Greg Meckbach

Believe it or not, some commercial clients expect business interruption insurance to cover loss of income if the business gets interrupted, even if the cause of the interruption is a pandemic. Regina restaurant owner Thomas Siarkos is one such client.

News InsuranceLegalRisk

Coronavirus triage protocols: Hard choices over ventilator shortages shouldn’t put doctors at legal risk

April 14, 2020 Jocelyn Downie, James Palmer Chair in Public Policy and Law, University Research Professor, Dalhousie University - THE CANADIAN PRESS

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Jocelyn Downie, James Palmer Chair in Public Policy and Law,

News InsuranceMergers and Aqcuisitions

How Intact views potential acquisitions during pandemic

April 13, 2020 by Greg Meckbach

Despite the massive disruptions from the COVID-19 pandemic, Intact Financial Corp. is keeping its eye on potential mergers. “We want to make sure we have capital ready to be deployed for growth – both organic and through mergers and acquisitions,”

News BrokersInsurance

What brokerage leaders should be doing every day

April 13, 2020 by Adam Malik

Your employees may be struggling in a work-from-home environment, so it’s essential to check in with them to make sure they’re adjusting well, say brokerage leaders. Ensuring regular communication can go a long way to keeping their mental health strong.