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News BrokersInsurance

How brokerages can avoid the ‘single point of failure’ while workforce is at home

April 30, 2020 by Adam Malik

Brokerages need to make sure they’re investing in technology that benefits the brokerage as a whole rather than promoting a silo-type of environment, Steve Whitelaw, vice president of industry and partner relations at Applied Systems, cautioned in a webinar recently.

News ClaimsClaims CanadaInsuranceMarkets / Coverages

Wimbledon cancellation could ‘change the entire way of looking at insurance’: Broker

April 30, 2020 by Greg Meckbach

The cancellation of the Wimbledon tennis tournament, and the associated nine-figure insurance payout, is going to change the way the industry offers pandemic coverage, a Canadian commercial broker suggests. A report by Britain-based GlobalData says the Wimbledon organizer paid for

News ClaimsClaims CanadaInsuranceLegal

BI claims during COVID: What the courts will examine first

April 30, 2020 by Greg Meckbach

When business interruption coverage disputes arising from COVID-19 make their way into court, judges may look at whether insurers priced for pandemic, but by far the key consideration will be policy language, says one insurance defence lawyer. “Because an insurance

insPRESS Insurance

EQ Inc. and Opta Information Intelligence announce best-in-class partnership

April 30, 2020 by SCM Insurance Services

Combination brings together Canada’s Leading Geospatial and Location Data Company with the Leader in Household Insurance Data to Provide Improved Solutions to the Insurance Industry TORONTO, ON ,APRIL 29, 2020/insPRESS/– – EQ Inc. (TSXV: EQ) (“EQ Works”, “EQ” or the

News BrokersInsurance

How this brokerage is re-opening to the public

April 29, 2020 by Greg Meckbach

To help serve its auto customers better, a Regina-based brokerage that shut its doors to the public due to COVID-19 plans to start letting clients into its offices. “Our brokerages have been doing what we can without physically seeing the

News InsuranceRiskTechnology

At-home workers need to prevent these people from using their computers

April 29, 2020 by Greg Meckbach

Brokerages looking to manage their own cyber risk and advise commercial clients about their cyber risks should look to one major golden rule when employees work from home during the COVID-19 pandemic. “Your family members should not be using your

News ClaimsClaims CanadaInsuranceLegal

Is the risk of coronavirus a ‘physical loss’ to the property?

April 29, 2020 by Greg Meckbach

Commercial insurers may say that business interruption does not normally apply to the pandemic because coverage only kicks in when there is an insurable property loss. However, some clients’ lawyers are arguing the coronavirus should in fact be considered a

insPRESS Insurance

Sedgwick responds to flooding in Fort McMurray

April 29, 2020 by Sedgwick

FORT MCMURRAY, AB, APRIL 29, 2020/insPRESS/– Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions is responding to the flooding in Fort McMurray, Alberta. An ice jam caused the Athabasca River to burst its banks, sending

insPRESS Insurance

APOLLO Exchange finalist in BC Tech 2020 Technology Impact Awards

April 29, 2020 by David Dyck

VANCOUVER, BC, APRIL 29, 2020/insPRESS/ — Apollo Insurance Solutions (“APOLLO”) was named a finalist in the Company of the Year – Startup Success category of the 2020 Technology Impact Awards, announced April 28, 2020. The awards, which are B.C.’s largest and

insPRESS Insurance

CAA Insurance Company successfully launches CSIO’s My Proof of Insurance Solution

April 29, 2020 by CSIO (Centre for Study of Insurance Operations)

TORONTO, ON, APRIL 29, 2020/insPRESS/  – CSIO is pleased to announce that CAA Insurance Company has successfully launched CSIO’s My Proof of Insurance as its preferred solution for sending customers their auto insurance cards (eSlips) over email. The launch coincides

News BrokersCatastrophesClaimsCommercial LinesInsuranceMarkets / Coverages

How brokers can protect themselves from lawsuits during COVID-19

April 28, 2020 by David Gambrill

Broker advice and advocacy are shining brilliantly during the days of the global pandemic, with insurer products, coverage options and consumer relief packages in a constant state of flux. Many in the P&C industry have noted that broker value has

News Insurance

5 priorities for the P&C industry during the pandemic

April 28, 2020 Dirk Schmidt-Gallas, PhD, Global Head of Insurance, Simon-Kucher & Partners.

Consumers are afraid. They are deeply concerned about their health, jobs, the economy, social cohesion, and sometimes their supply of toilet paper. The current situation presents a defining opportunity for the insurance industry to reinvent itself and emerge from the