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…
Since mid-March, Canada’s P&C industry has been working from home and social distancing to slow the spread of the novel coronavirus. What have we learned so far that will help us prepare for the next pandemic?
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Jocelyn Downie, James Palmer Chair in Public Policy and Law,…
TORONTO – Enterprise Holdings Inc. says it will suspend its carsharing service starting Friday because of the coronavirus pandemic. The car rental agency says that its CarShare program will close indefinitely to “ensure the safety of our community.” The service…
Already under financial strain due to tightening markets in several lines of business, Canada’s property and casualty insurance industry nevertheless seems well-positioned to withstand a global recession triggered by the novel coronavirus pandemic — at least in the short term.…
Many Canadian property and casualty professionals are concerned about travelling to industry conferences, but a majority haven’t changed their plans due to the threat of COVID-19, according to a Canadian Underwriter survey conducted Tuesday. Almost 600 industry members responded to…
TORONTO – Keeping distance from others as a way to prevent the further spread of COVID-19 ramped up across Canada on Thursday as Prime Minister Justin Trudeau and his wife went into precautionary self-isolation, major events were cancelled, and stock…
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…
With the number of coronavirus cases increasing in Canada and “coronavirus anxiety” now a reality, there are some strategies insurance professionals can take to ensure their teams continue to collaborate effectively and maintain momentum in the business. Among those strategies…
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…
VANCOUVER – Travellers nervous about globe-trotting during the novel coronavirus outbreak may be eligible to receive a refund for cancelling their travels, say insurance experts, but it depends on the destination, their insurance policy and other factors. “I think in…
TORONTO – A U.S. cybersecurity company says criminal groups are exploiting fears over the new coronavirus to attack the global shipping industry. California-based Proofpoint says it has detected a new email campaign that uses Microsoft Word attachments designed to trick…