Keyword
COVID-19
Should the hard market run its course through COVID-19?
April 17, 2020 by Jason ContantAs the economic fallout from the COVID-19 pandemic continues during a hard market cycle, the solution to consumers’ woes may not be as simple as providing premium relief, one Quebec broker says. “We’re not seeing premium relief from insurers to…
How Zurich and BFL helped Bauer’s move to make face shields
April 17, 2020 by Adam MalikSports equipment maker Bauer made headlines when it announced it would shift its production to making face shields for front line employees deemed essential during the COVID-19 pandemic. Behind the scenes helping to make it possible was its broker, BFL…
Regional approach to COVID-19 beginning as feds roll out new measures
April 17, 2020 Michelle McQuigge - THE CANADIAN PRESSFederal officials long focused on nationwide efforts to address the COVID-19 pandemic began to adopt more regional approaches on Friday, acknowledging not all parts of the country are experiencing the outbreak with equal force. Prime Minister Justin Trudeau announced economic…
2nd Top Story of 2020: What’s the risk of catching COVID-19 in your area?
April 16, 2020 by Adam MalikNew crowdsourcing tools have been made available to show your own personal risk of exposure to COVID-19, the disease caused by the novel coronavirus, in your neighbourhood. For example, If you want to know if your home, brokerage or insurance…
Life and death decisions during a pandemic: Healthcare risk managers in the front lines
April 16, 2020 by Jason ContantCrisis standards of care (CSC) plans should be developed before a disaster such as COVID-19 strikes, but they can be fine-tuned even in the midst of the crisis, a senior risk management consultant said recently. CSC is when healthcare systems,…
Small businesses seek rapid rent relief measures as Trudeau promises more support
April 16, 2020 Ian Bickis - THE CANADIAN PRESSTORONTO – 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…
Why COVID-19 is hitting your supply chain clients particularly hard
April 15, 2020 by Jason ContantBy clustering suppliers in a region, a single event like COVID-19 can have an even broader impact than typically expected, a Zurich Canada executive said recently. “One of the things that businesses can do is look at where they have…
Economic downturn from COVID-19 will be sharpest on record, Bank of Canada warns
April 15, 2020 The Canadian PressOTTAWA – 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…
As the pandemic drags on, plan how to protect your core services, Hub advises
April 14, 2020 by Jason ContantCompanies developing a business impact analysis (BIA) plan need to understand the amount of time the organization can function without producing a particular product or service, a senior executive with Hub International said recently. “We need to ask and answer…
How Ontario is responding to surety writers’ COVID-19 concern
April 14, 2020 by Greg MeckbachConcerns from surety bond providers have prompted the Ontario government to make one change, effective this Thursday, to the state of emergency during the pandemic. As it stands, an emergency order suspending limitations means liens against construction projects technically never…
Is this how much pandemic coverage costs?
April 14, 2020 by Adam MalikFamed tennis tournament The Wimbledon Championships has been buying pandemic coverage at a cost of millions of dollars per year for nearly two decades. And it’s set for a claims payout this year, according to a data analytics company. GlobalData,…
What brokerage leaders should be doing every day
April 13, 2020 by Adam MalikYour employees may be struggling in a work-from-home environment, so it’s essential to check in with them to make sure they’re adjusting well, say brokerage leaders. Ensuring regular communication can go a long way to keeping their mental health strong.…