Keyword
COVID-19
Pandemic bonds: The financial cure we need for COVID-19?
March 30, 2020 The Canadian PressThis 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. Authors: Dror Etzion, Associate Professor, Strategy and Organizations, McGill University; Bernard…
“Working from home is working,” P&C industry reports in CU poll
March 27, 2020 by David GambrillSo far, so good, the Canadian property and casualty insurance industry appears to have adapted very quickly to the new virtual environment of working from home, according to results from a recent Canadian Underwriter survey of its readership. Just over…
Brokers respond to Trudeau’s wage subsidy for small business
March 27, 2020 by David GambrillCanadian brokers say Prime Minister Justin Trudeau’s announcement Friday of a 75% wage subsidy for small business is definitely good news for their small business clients. However, it remains an open question as to whether a brokerage would actually need…
Web conferencing platforms at risk of being lure for phishing emails: consultant
March 27, 2020 David Paddon - THE CANADIAN PRESSTORONTO – With the use of web-based video conferences proliferating during the COVID-19 crisis, cyber security experts warn they pose a threat as well as an opportunity in the age of telework. “In the past, we have seen certain teleconferencing…
What COVID-19 means for your insurance education
March 26, 2020 by David GambrillCOVID-19 has shifted the Insurance Institute of Canada’s April exam session into the first three weeks of June, a move that affects students taking winter semester courses in the Institute’s Chartered Insurance Professional (CIP), General Insurance Essentials (GIE) and Risk…
The challenges of closing your doors in smaller communities
March 25, 2020 by Adam MalikGillons Insurance has 11 offices throughout Northern Ontario, but several are located in communities with around 1,000 (and sometimes fewer) people. And so closing their doors to walk-in clients is a big deal to people living in the area. In…
How COVID-19 is changing insurance transactions in B.C.
March 25, 2020 by Jason ContantThe COVID-19 pandemic sweeping across the globe and here at home is changing the way auto insurance transactions are conducted in British Columbia. Last week, the government of British Columbia announced it would allow certain auto insurance transactions, such as…
What Canada’s brokers have asked of insurers on behalf of Canadians in dire straits
March 25, 2020 by David GambrillCanada’s national broker association issued an open letter to its insurer partners this week, recommending flexible payment options and emergency coverage extensions for clients in need, as well as support for single-office brokerages disabled by an outbreak of COVID-19 requiring…
3rd Top Story of 2020: Why it matters that insurance is declared to be an “essential service”
March 24, 2020 by Adam MalikThe insurance industry will continue to operate as an essential service after Quebec and Ontario issued orders for many companies to close their doors due to the COVID-19 pandemic. And that’s a relief for consumers, brokers and insurers, say industry…
Will commercial BI policies cover pandemics after COVID-19?
March 24, 2020 by David GambrillWill COVID-19 cause Canada’s property and casualty insurance industry to start introducing pandemic business interruption coverage, in much the same way Calgary’s 2013 floods prompted the industry to introduce overland flood coverage into home insurance policies? Don’t count on it.…
Governments fight to curb COVID-19 and economic fallout of growing job losses
March 24, 2020 Colin Perkel - THE CANADIAN PRESSTORONTO – The two-pronged battle to contain the spread of COVID-19 while inoculating the economy saw governments on Tuesday rush to ease financial hardship amid massive job losses even as they tightened restrictions that could last for weeks. With large…
Social distancing means delivery drivers are in demand. Do they have proper coverage?
March 23, 2020 by Adam MalikGovernments have forced restaurants, pubs and similar businesses to offer pick-up and take-out services. But as demand for delivery surges, the question must be asked: Do drivers have proper business insurance coverage? “Anytime you’re using your vehicle for a business…