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How Lloyd’s is handling claims differently with COVID-19

June 3, 2020 by Greg Meckbach

In response to the ongoing pandemic, the Lloyd’s market is changing the way claims are handled when multiple syndicates write one risk. “One challenge with COVID-19 is the subscription nature of the market, whereby it is often several syndicates writing…

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How liability insurers will react to military report on long-term care homes

June 2, 2020 by Greg Meckbach

A recently military report on some Canadian long-term care facilities will change the way liability coverage is underwritten and could even discourage some insurers from staying in the market, a managing general agent suggests. “I think you will probably see…

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COVID-related fraud schemes that IBC has observed

June 2, 2020 by Greg Meckbach

Four vehicles were reported stolen to separate insurers, from the same driveway, on the same night in Brampton, Ont. This is just one example of alleged fraud identified shortly after the onset of the COVID-19 pandemic, the Insurance Bureau of…

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How much insurers paid out for Fort Mac’s spring flood

June 2, 2020 by Adam Malik

Insurers paid out more $228 million in insured damage for spring flooding in Fort McMurray, Alta., that occurred a little over a month ago. Catastrophe Indices and Quantification Inc. (CatIQ) released the numbers this week, noting that commercial properties took…

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Large protest gatherings pose COVID 19 risks: B.C. health officials

June 2, 2020 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – Large public gatherings, including anti-racism protests, pose health risks during a pandemic, British Columbia’s top health officials said Monday. Provincial health officer Dr. Bonnie Henry said people in B.C. have the right to protest and express their feelings,…

News CatastrophesClaimsClaims Canada

Flood warnings expand for part of B.C., but conditions ease elsewhere

June 1, 2020 by THE CANADIAN PRESS

Flood warnings now cover a large section of southern British Columbia as river levels rise rapidly in response to heavy weekend rains and continuing snowmelt. The River Forecast Centre extended a flood warning Monday to the Boundary region, including the…

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Dozens of businesses damaged after Montreal anti racism rally

June 1, 2020 by THE CANADIAN PRESS

MONTREAL – Eleven people were arrested after tensions flared between protesters and police on Sunday night following a Montreal demonstration demanding justice for a black man who died following a police intervention in Minnesota. Demonstrators had gathered to denounce racism…

News BrokersClaimsCommercial Lines

Better safe than sued: How to advise your clients on temperature screening, glove use

May 29, 2020 by Adam Malik

Your commercial clients may expose themselves to legal risk if they don’t adhere to all government recommendations to protect clients and employees from the spread of coronavirus while re-opening, legal professionals warned. As social distancing rules loosen in various parts…

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Six-figure pain and suffering judgement against Wal-Mart Canada attracts appeal court scrutiny

May 29, 2020 by Greg Meckbach

A $225,000 award in a lawsuit against Wal-Mart Canada, arising from the accidental spraying of a fire extinguisher by a worker, could be headed to the Supreme Court of Canada. The victim of the accidental spraying, Kim Manos, initially won…

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Contactless payment in a pandemic: There’s an app for that

May 29, 2020 by David Gambrill

Retail clients of brokers and insurers can now prevent the spread of the novel coronavirus by taking advantage of digital, contact-free payment methods now available on mobile apps. Increasingly, businesses will have to operate within the health and safety guidelines…

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Hitching a ride: How risky is carpooling during COVID 19 pandemic?

May 29, 2020 by Melissa Couto - THE CANADIAN PRESS

Whether it’s giving your neighbour a ride to the grocery store, or letting a friend borrow your car, health experts generally advise against sharing a vehicle during the COVID-19 pandemic. But like many coronavirus-related scenarios, determining the probability of infection…

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These types of businesses are in serious need of a cyber policy

May 28, 2020 by David Gambrill

With ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved…