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Advocates pushing for this temporary accident benefit reform

April 6, 2020 by Greg Meckbach

Accident benefits clients who are seriously injured could be running into issues with attendant care benefits because of the social distancing precautions in effect with the COVID-19 pandemic. FAIR Association of Victims for Accident Insurance Reform has heard that some

News ConstructionInsurance

How to help construction clients who are no longer deemed “essential services”

April 6, 2020 by Adam Malik

Ontario brokers can expect to receive calls from their clients in the province’s construction industry, some of whom were recently de-listed from the province’s essential services list. Under pressure to reduce the spread of COVID-19 in Ontario, the province recently

News Insurance

Key COVID-19 exposures for the Canadian P&C industry: A.M. Best

April 6, 2020 by Greg Meckbach

The Canadian property and casualty industry is well-positioned to withstand the financial pressures exerted by COVID-19, but A.M. Best Company is nevertheless concerned about commercial premiums dropping due to business closures and coverage disputes over business interruption. “In Canadian P&C,

News BrokersInsurance

Veteran broker calls for insurers to offer customers a premium freeze

April 6, 2020 by Jason Contant

Saying the Canadian P&C insurance industry can do more to offer relief to consumers during the COVID-19 pandemic, one 40-year industry veteran recommends that insurers offer guaranteed renewals and a premium freeze at 2019 levels. Standard measures focus on a

News Insurance

Paid “Dark Clouds on the Horizon” The Impact of Nuclear Verdicts on Canadian liability insurance

April 6, 2020 AXA XL

It is widely acknowledged that the United States has a more litigious environment than Canada.  However, the rise of recent jury awards in the United States, dubbed “nuclear verdicts”, will have a greater impact on Canadian companies that operate in

News BrokersInsurance

Fool’s errand: Why it’s difficult to estimate a return to the office

April 3, 2020 by Adam Malik

Reliable data related to the COVID-19 pandemic is hard to come by. That’s why “flattening the curve,” as health experts put it, and predicting a timeline to return to life similar to one pre-crisis is an exercise in futility, says

News AdjustersClaimsClaims CanadaInsurance

How COVID-19 is probably affecting your auto claimants

April 3, 2020 by Greg Meckbach

The precautions underway to reduce COVID-19 transmission risk appear to be having a direct impact on auto accident benefits claimants – and not in a good way. “We have people who are seriously and catastrophically injured who are in their

News BrokersInsurance

Early lessons learned from the pandemic: Global demand surge

April 3, 2020 by David Gambrill

Canada’s P&C industry is used to planning for demand surges in times of disaster, but the demand for resources during the global COVID-19 pandemic is on a totally different scale. “Generally, I think people associate business continuity plans with isolated

News Insurance

How much auto sales have dropped recently because of COVID-19

April 3, 2020 The Canadian Press

TORONTO – DesRosiers Automotive Consultants Inc. says auto sales plunged 48 per cent in March from last year because of the Covid-19 pandemic. The consultancy says March sales looked to be only declining moderately for the first half of the

insPRESS Insurance

Angela Petersen Joins Origin and Cause in BC

April 3, 2020 by George Costandi

Vancouver, B.C.,  April 3, 2020/InsPress/ – Origin and Cause, is pleased to announce that Angela Petersen, Fire and Explosion Investigator, has joined our BC team, serving our clients on Vancouver Island.  “Since opening our first office in British Columbia 18 months

insPRESS Insurance

Northwest Territories Approves Electronic Proof of Auto Insurance

April 3, 2020 by CSIO (Centre for Study of Insurance Operations)

Toronto, ON, April 3, 2020/InsPress/ – The Superintendent of Insurance of the Northwest Territories has approved the use of Electronic Proof of Auto Insurance, or eSlips, in the territory. This approval allows drivers in the territory with the option to

News Insurance

Who are the P&C industry’s heroes during the pandemic?

April 2, 2020 by David Gambrill

Extraordinary leadership and acts of compassion during the current global COVID-19 pandemic have spanned far and wide, both within the Canadian property and casualty insurance industry and beyond, Canadian Underwriter discovered in a recent survey. More than 200 P&C industry