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New models show COVID 19 progress but with ‘hotspots’ to monitor: Trudeau

June 29, 2020 by THE CANADIAN PRESS

OTTAWA – New federal models show continued progress in suppressing the spread of COVID-19, but with significant hotspots. The figures released by the Public Health Agency of Canada Monday show that some areas have been more heavily impacted by COVID-19

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Return Migration

June 29, 2020 by David Gambrill, Editor in Chief

Throughout Canada, provinces are starting a phased re-opening of the economy (albeit some regions are in more advanced stages than others). Doron Melnick, partner in KPMG’s
people and change advisory services practice, is advising businesses on how to return to the office while the global novel coronavirus remains a threat.

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What’s next for Economical’s demutualization

June 29, 2020 by Greg Meckbach

Editor’s note: This story was updated to reflect a June 30 announcement by Economical Insurance Economical Insurance is still in the process of demutualizing but the next policyholders’ vote is not going to happen this year, the Waterloo, Ont. based

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How ‘actual cash value’ could be affecting some Alberta hail victims

June 26, 2020 by Greg Meckbach

If some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of

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Here’s how P&C pros say the recession will impact insurance

June 26, 2020 by Adam Malik

The recession will be long and painful so brokers and insurers need to settle in and do what they do best, property and casualty experts said. And don’t be surprised if some mergers and acquisitions activity push forward as tough

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Public reaction to insurers ‘could get ugly’ after Calgary hail storm: Broker

June 25, 2020 by Greg Meckbach

The industry’s reputation could take a beating in the aftermath of the devastating June 13 Alberta hail storm if misleading rumours are spread by people who do not understand how insurance works, an official with the province’s broker association warns.

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Auto total loss claims escalate after Calgary hail storm: IBC

June 24, 2020 by Greg Meckbach

The industry is expecting well over 20,000 claims from the recent Alberta hail storm, and some vehicles were wrecked badly enough that they have to be written off, the Insurance Bureau of Canada reports. “We are hearing from several consumers

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How Alberta brokers are faring with hail claims

June 23, 2020 by Greg Meckbach

Brokers with clients in northeast Calgary are getting overwhelmed with claims from the June 13 storm, a board member of the province’s association says. “You can just hear the exasperation in their voice when you talk to them, and the

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B.C. proposes ‘first step’ amendments to laws governing condo insurance

June 23, 2020 by THE CANADIAN PRESS

VICTORIA – The B.C. government says proposed legislation it has introduced takes first steps to address concerns about sky-high costs and availability of insurance for condominiums and other shared properties. Housing Minister Selina Robinson says the legislation proposes to amend

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The likelihood that COVID-19 could kill a Canadian P&C insurer

June 22, 2020 by Adam Malik

There’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO

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Calgary hail damage ‘pretty startling’ to this adjuster

June 19, 2020 by Greg Meckbach

If you have clients in the Calgary area who suffered property damage in the June 13 hail storm, they could be waiting a while to get their properties repaired, an executive for one independent adjusting firm suggests. “There are tens

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Opinion: What’s the future of remote work for brokers post-pandemic?

June 17, 2020 by Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.

One question top of mind for brokers and their clients is: Will this remote work environment be something that we’ll see for the long term? Maybe not entirely, but there are parts we can take to make the broker world