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This company is accelerating broker commissions

April 13, 2020 by Adam Malik

Some brokers will be getting their commission payments sooner from Travelers Canada, the company announced just before the Easter weekend. The move is being applauded by the Insurance Brokers of Canada (IBAC). Those who are on an annual payment system

News BrokersClaimsCommercial LinesInsurance

Brokers seek four relief measures for hard-hit commercial clients

April 13, 2020 by Jason Contant

Canadian insurers have rolled out a number of measures to help Canadian homeowners, drivers and business owners in need over the past week, and now Canada’s national broker association is discussing with insurers additional relief measures for commercial clients affected

News EmploymentInsurance

Nearly 5.4 million receiving emergency federal aid as requests climb

April 13, 2020 The Canadian Press

OTTAWA – The federal government says nearly 5.4 million Canadians are now receiving emergency aid to replace incomes lost due to COVID-19. The figures this morning show 5.38 million applications have been processed since March 15, a figure that includes

insPRESS Insurance

Technology-Based Investigations during COVID-19: Solutions for the Insurance Industry

April 13, 2020 by -30- Forensic Engineering

TORONTO, ON, APRIL 13, 2020 /insPRESS/ – To our valued insurance industry partners, Coronavirus (COVID-19) is a global issue impacting individuals and businesses in unprecedented ways. As an essential service, 30 Forensic Engineering is functioning at capacity while respecting social distancing

insPRESS Insurance

FIRST Canada revolutionizes payments for brokers and their clients

April 13, 2020 by FIRST Insurance Funding of Canada

Toronto, ON, April 13, 2020/InsPress/ – FIRST Insurance Funding of Canada (FIRST Canada), the industry leader in insurance payment solutions, is pleased to announce the launch of customized payment options, effective April 13, 2020. One Partner As a FIRST Canada

News AdjustersClaimsClaims CanadaCommercial LinesInsuranceLegal

The advice some lawyers give commercial clients over pandemic BI coverage

April 9, 2020 by Greg Meckbach

Brokers advising commercial clients that business interruption is not usually covered during a pandemic should not be surprised if those clients are hearing something different from their lawyers. “I would caution policyholders to thoroughly review their specific policy language before

News InsuranceLegal

MDS ruling begs the question: Are your BI pandemic exclusions iron-clad?

April 9, 2020 Zoran Samac & Rohan Haté *

After recent events surrounding the COVID-19 pandemic, in addition to a recent Ontario Superior Court decision about business interruption in a nuclear incident, Canadian P&C underwriters may want to take a second look at the wording of their pandemic exclusions

News Commercial LinesInsurance

Brokers seek unified response from insurers on 30-day vacancy clauses

April 9, 2020 by Jason Contant

Canadian brokers want a uniform response from insurers on how to deal with commercial policies that have a 30-day vacancy or unoccupied clause. Most commercial property policies have such an exclusion, meaning that losses or damage to property is excluded

News Commercial LinesInsuranceRisk

COVID 19: Crews aboard cargo ships being denied shore leave for longer periods

April 9, 2020 Michael MacDonald - THE CANADIAN PRESS

HALIFAX – Though international shipping lanes and Canada’s major ports remain open for business, the COVID-19 pandemic is making life miserable for many seafarers. Under the latest rules, Canadian crews aboard most Canadian-flagged cargo vessels have agreed not to leave

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Christian Injates, Senior Manager of Environmental Services

April 9, 2020 MBC Group

Vancouver, B.C., April 9, 2020/InsPress/ – MBC Group continues to expand with the addition of Christian Injates. As of April 13th, 2020, Christian will be joining the team as our Senior Manager of Environmental Services based out of our Vancouver

News AssociationsClaimsInsurance

Canada’s P&C carriers respond to calls for major premium relief

April 8, 2020 by Jason Contant

Canada’s property and casualty insurance companies have answered the call from brokers and customers for stepped-up relief measures to help cope with the financial impact of COVID-19. “It’s a very unusual set of circumstances, but in spite of that I

News Commercial LinesInsuranceRisk

What to tell ‘non-essential’ clients who are closing their workplaces

April 8, 2020 by Greg Meckbach

If your clients are temporarily closing because of the COVID-19 pandemic, this might be a good time for them to undertake some repairs and let the fire department know they are reducing on-site staff, advises commercial insurer FM Global. “Countless