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News InsuranceMarkets / Coverages

The opportunity insurers are missing as COVID-19 cancels events

April 24, 2020 by Jason Contant

As large sporting and entertainment events get cancelled across Canada and the world as a result of COVID-19, the insurance implications affect not only event organizers themselves, but also promotional partners, licensees and businesses involved in merchandising. While event organizers

News Commercial LinesMarkets / Coverages

Car sharing shutdown in these Canadian cities

April 22, 2020 THE CANADIAN PRESS

General Motors says it has permanently shut down its Maven car sharing service in all markets including Toronto after suspending operations in March due to the COVID-19 outbreak. The company said in an email to customers Tuesday that it made

News BrokersCommercial LinesInsuranceMarkets / Coverages

Should the hard market run its course through COVID-19?

April 17, 2020 by Jason Contant

As the economic fallout from the COVID-19 pandemic continues during a hard market cycle, the solution to consumers’ woes may not be as simple as providing premium relief, one Quebec broker says. “We’re not seeing premium relief from insurers to

News BrokersInsuranceMarkets / CoveragesTechnology

How to protect your clients from cybercriminals cashing in on COVID-19

April 8, 2020 by Jason Contant

Brokers advising clients on cyber insurance during the COVID-19 pandemic will want to make sure there is an appropriate loss of income coverage under the policy, similar to other lines of insurance, a specialist insurer said recently. “If we were

News ClaimsEmploymentInsuranceMarkets / Coverages

How Aviva is responding to dentists’ COVID-19 claims

April 2, 2020 by Greg Meckbach

Aviva 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

News InsuranceMarkets / Coverages

The huge price tag of U.S. political interference with COVID-19 BI exclusions

March 31, 2020 by David Gambrill

Politicians 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

News BrokersInsuranceMarkets / Coverages

What Canadian P&C industry fears the most about the pandemic

March 30, 2020 by David Gambrill

Canada’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

News BrokersEmploymentInsuranceMarkets / CoveragesProducts

Why Hub bought Morneau Shepell’s benefits consulting practice

March 11, 2020 by Jason Contant

Hub 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

News ClaimsInsuranceMarkets / Coverages

How carriers are covering travel insurance in the age of coronavirus

March 9, 2020 by Jason Contant

Carriers 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

News InsuranceMarkets / CoveragesTechnology

What happens when insurance, technology and healthcare collide?

March 5, 2020 by Jason Contant

The 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

News ClaimsMarkets / CoveragesRisk

Cause of 2018 Enbridge gas pipeline blast revealed

March 5, 2020 Dan Healing - THE CANADIAN PRESS

CALGARY – 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

News InsuranceMarkets / CoveragesRisk

Bank of Canada cuts key rate amid coronavirus concerns

March 4, 2020 Jordan Press - THE CANADIAN PRESS

OTTAWA – 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