Topic
Markets / Coverages
How Aviva is responding to dentists’ COVID-19 claims
April 2, 2020 by Greg MeckbachAviva Canada is promising guidance to dentists who want to submit claims arising from provincial government orders shutting down non-essential services. Aviva writes TripleGuard, a property and casualty insurance product for dentists provided by CDSPI, originally known as Canadian Dental…
The huge price tag of U.S. political interference with COVID-19 BI exclusions
March 31, 2020 by David GambrillPoliticians in New Jersey, Ohio and Massachusetts have all drawn up proposed legislation that would force U.S. property and casualty insurers to pay for some business interruption claims for COVID-19 retroactively. The American Property Casualty Insurance Association (APCIA) says the…
What Canadian P&C industry fears the most about the pandemic
March 30, 2020 by David GambrillCanada’s fragile economy is what’s keeping everyone in the P&C insurance industry awake at night. The unknown future of an economy that is almost certainly headed for a global recession figured in the Top 3 answers of what P&C insurance…
Why Hub bought Morneau Shepell’s benefits consulting practice
March 11, 2020 by Jason ContantHub International’s recent acquisition of Morneau Shepell’s benefits consulting practice will allow the global brokerage to better serve the needs of both large employers and mid-market customers, the brokerage told Canadian Underwriter Tuesday. “[Morneau Shepell’s] focus on large and jumbo…
How carriers are covering travel insurance in the age of coronavirus
March 9, 2020 by Jason ContantCarriers who offer travel insurance are taking different approaches to covering trip cancellations in the wake of the coronavirus (COVID-19) outbreak that claimed its first Canadian victim Monday. Typically, travellers with regular trip cancellation insurance with trips booked before the…
What happens when insurance, technology and healthcare collide?
March 5, 2020 by Jason ContantThe convergence of healthcare and technology could have a knock-on effect for the Canadian property and casualty insurance industry, a specialty insurer said recently. “For healthcare providers, they can largely model what the risks have been for the last 100…
Cause of 2018 Enbridge gas pipeline blast revealed
March 5, 2020 Dan Healing - THE CANADIAN PRESSCALGARY – A delayed inspection and a failure to predict how fast cracks could develop from corrosion are cited in a report describing the cause of an explosion and fire in an Enbridge Inc. natural gas pipeline northeast of Prince…
Bank of Canada cuts key rate amid coronavirus concerns
March 4, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus…
How to negotiate the nuanced world of email fraud coverage
March 3, 2020 by Jason ContantYour commercial client may think they are covered for all types of business email compromise (BEC) fraud automatically, but policy triggers are often nuanced, a speaker said recently at NetDiligence’s Cyber Risk Summit in Toronto. “The biggest misconception of our…
ICBC profits should not be used to cover other government costs: NDP
March 2, 2020 The Canadian PressVICTORIA – British Columbia’s NDP government wants to prohibit future governments from using profits earned by the province’s public auto insurer to cover other expenses. Attorney General David Eby says the government is planning to introduce legislation in the coming…
How easy is it for brokers to get terms in the cyber market?
February 27, 2020 by Jason ContantCapacity is still readily available to cover cyber risks, but more insurers are approaching the coverage cautiously, a speaker said Friday at NetDiligence’s Cyber Risk Summit in Toronto. In terms of procedure, clients’ applications for cyber coverage must clear more…
Top cyber concerns for Canadian business leaders
February 26, 2020 by Jason ContantBusiness leaders in Canada are concerned about cyber extortion and social engineering fraud, such as business email compromise (BEC) and email account compromise (EAC), Aon reported. “The last year has seen a tremendous increase in cyber-related claims in Canada,” said…