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Why remote workers should stay where they are

July 6, 2020 by Adam Malik

Staff members who are working from home should stay there for the foreseeable future, one risk leader recommends. Scott Fotus, vice president of risk services at Hub, stated his recommendation during a webinar hosted by Hub, Workplace Safety: Employer Obligations

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You’re probably working too much while at home

June 25, 2020 by Adam Malik

Employees are working longer and harder in a COVID-19 world than they did before, and it’s raising concerns about burnout — especially when many aren’t making vacation plans, according to a number of recent studies. A recent survey showed that

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Former LawPro CEO nominated to investment industry regulator board

June 25, 2020 by Greg Meckbach

Malcolm Heins, a former CEO of Ontario’s professional liability insurer for lawyers, has been nominated to the board of directors of the Investment Industry Regulatory Organization of Canada, IIROC has announced. Heins (pictured below) joined Simcoe & Erie General Insurance

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CU Webinar: Industry execs to discuss impact of economic recession on Canada’s P&C industry

June 12, 2020 by David Gambrill

Way back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus

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Opinion: How COVID-19 is changing the P&C talent landscape

June 3, 2020 by Michael Vecchio, Sevenstep

The coronavirus pandemic could end up having a positive effect on the property and casualty insurance industry when it comes to finding new talent. COVID-19, the disease caused by the virus, has had a strong impact on the insurance industry

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Bank of Canada keeps key rate target on hold, expects return to growth in Q3

June 3, 2020 by Jordan Press - THE CANADIAN PRESS

OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for

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New president for Lloyd’s Canada

June 1, 2020 by Greg Meckbach

Marc Lipman, former chief operating officer of American International Group (AIG) Canada, is the new president of Lloyd’s Canada. Lipman (pictured, above) replaces Lisa Duval, who had served as Lloyd’s Canada’s attorney in fact and chief agent, on an interim

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Q&A: Business Continuity in the Digital Age

May 26, 2020 by David Gambrill

More than 3 million Canadians lost their jobs in March and April due to the business closures to reduce the spread of the novel coronavirus. An Angus Reid poll published in March suggested that 44% of Canadian households reported lost

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How to manage the immediate COVID-19 fallout while preparing for a post-pandemic future

April 22, 2020 by Jason Contant

Industry leaders should begin preparing right now for the post-pandemic business environment, while still managing the immediate fallout of COVID-19, two partners of a strategy consulting firm said recently. This includes spending time envisioning the future, developing a strategy to

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Small businesses seek rapid rent relief measures as Trudeau promises more support

April 16, 2020 by Ian Bickis - THE CANADIAN PRESS

TORONTO – Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up. The urgency comes as some landlords have already started issuing eviction notices for businesses

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The impact of dire unemployment on P&C

April 15, 2020 by Adam Malik

George Hodgson was blunt in his observation of what would happen if fears of a 25% unemployment rate come true in his province. “It’ll be horrendous,” the CEO of the Insurance Brokers Association of Alberta told Canadian Underwriter of the

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Economic downturn from COVID-19 will be sharpest on record, Bank of Canada warns

April 15, 2020 by The Canadian Press

OTTAWA – The Bank of Canada is warning that the downturn tied to COVID-19 will be the worst on record and that the economic recovery will depend on the effectiveness of current measures to bring the pandemic under control. The