Keyword
COVID-19
Hardest-hit businesses call for extension of federal wage, rent
March 24, 2021 Jordan Press and Joan Bryden - THE CANADIAN PRESSOTTAWA – The federal Liberals are facing calls from some of the hardest-hit businesses in the pandemic to use the coming budget to extend emergency relief programs beyond June, saying many will still need help even as the economy picks…
Collisions saw ‘drastic reduction’ last year
March 23, 2021 by Adam MalikWith road traffic down due to stay-at-home orders and business closures to prevent the spread of COVID-19, the frequency of auto collisions in Canada was halved at one point, according to a new report. But police data show the fatality…
The demographic suffering most during remote work
March 23, 2021 by Jason ContantVery young workers at your brokerage or insurance company are the “overlooked demographic” that may be suffering the most as we pass the one-year anniversary of working from home during the pandemic, according to a recent survey from Microsoft Corp.…
CAA says driving has dropped. By how much?
March 22, 2021 by Adam MalikCAA Insurance has seen driving halved since the start of the COVID-19 pandemic, according to its president. Through its pay-as-you-go program, MyPace, and what customers have told the insurer about the number of kilometres they are now travelling, CAA president…
ICBC says COVID-19 rebate cheques delayed after cyberattack on third party
March 18, 2021 The Canadian PressVANCOUVER – The Insurance Corporation of British Columbia says it’s temporarily delaying the delivery of COVID-19 rebate cheques due to a cyberattack on a third-party vendor contracted to provide printing and distribution services. ICBC says in a statement the vendor…
Are you offering insurance products that your clients want during the pandemic?
March 16, 2021 by Jason ContantSeven in 10 consumers and small business owners want home protection and usage-based insurance policies for the current remote working environment, a recent survey from Ernst & Young found. “With consumers spending more time at home and online, new concerns…
Feds seek post-pandemic ideas to prepare for next major disaster
March 16, 2021 The Canadian PressOTTAWA – The federal government is looking beyond COVID-19 to prepare for the next large-scale calamity – be it another pandemic, a tsunami or cyberattack. In a notice posted today, Defence Research and Development Canada seeks proposals for studies, technology…
How COVID changed claims adjusters
March 12, 2021 by Adam MalikAlthough the claims adjusting profession has undergone a lot of change over the last decade, last year was unlike any other, CRU Group executive vice president Skip McHardy said during a recent web conference. In particular, COVID-19 highlighted the need…
Proposed class action filed in Saskatchewan over COVID-19 outbreaks in long term care
March 11, 2021 Stephanie Taylor - THE CANADIAN PRESSREGINA – A proposed class-action lawsuit has been filed in Saskatchewan against a long-term care operator alleging it lacked proper resources to handle COVID-19. Documents filed Thursday at Regina’s Court of Queen’s Bench say the novel coronavirus spread through different…
Going phishing with COVID as the lure: How many Canadians rose to the bait
March 9, 2021 by Jason ContantCanadian cyber insurers take note: Canada ranked within the Top 20 countries for COVID-themed cyber threat detections last year, according to cybersecurity company Trend Micro. Globally, Trend Micro detected nearly 16.4-million cyber threats over the course of 2020, including malicious…
RBC CEO sees inflationary pressure building as economy bounces back
March 9, 2021 Anita Balakrishnan - THE CANADIAN PRESSTORONTO – Royal Bank of Canada chief executive David McKay said Tuesday he foresees inflationary pressure building in the economy as it rebounds from the COVID-19 pandemic. With rising input prices for labour and commodities, it could create a challenge…
How to handle three made-in-COVID client situations
March 8, 2021 by Adam MalikThe COVID-19 pandemic has created a series of unique risk exposures for Canadian policyholders, and industry experts gave a crash course on how they would handle these newly common scenarios. Three made-in-COVID situations presented themselves to clients over the past…