Canadian Underwriter

Keyword
covid19


News AdjustersClaimsClaims CanadaInsurance

How Lloyd’s is handling claims differently with COVID-19

June 3, 2020 by Greg Meckbach

In response to the ongoing pandemic, the Lloyd’s market is changing the way claims are handled when multiple syndicates write one risk. “One challenge with COVID-19 is the subscription nature of the market, whereby it is often several syndicates writing

News ClaimsRisk

Large protest gatherings pose COVID 19 risks: B.C. health officials

June 2, 2020 Dirk Meissner - THE CANADIAN PRESS

VICTORIA – Large public gatherings, including anti-racism protests, pose health risks during a pandemic, British Columbia’s top health officials said Monday. Provincial health officer Dr. Bonnie Henry said people in B.C. have the right to protest and express their feelings,

News AdjustersCatastrophesClaims CanadaInsurance

Pandemic insurance fraud: What to watch for…

May 25, 2020 by Greg Meckbach

Inflated auto towing and storage claims and arson are among the risks the industry faces from the economic downturn and social distancing arising from the pandemic, a fraud and data analytics expert warns. “A legitimate accident may happen and [a

News ClaimsClaims CanadaInsuranceLegal

The three pandemic BI exclusions at the centre of a class action lawsuit

May 22, 2020 by Greg Meckbach

A Laval area restaurant that says it has lost more than $700,000 in two months as a result of the  pandemic is not taking no for an answer from the insurer, who says business interruption coverage does not apply because

News Climate Change

Study: World carbon pollution falls 17% during pandemic peak

May 19, 2020 Seth Borenstein - THE ASSOCIATED PRESS

KENSINGTON, Md. – The world cut its daily carbon dioxide emissions by 17% at the peak of the pandemic shutdown last month, a new study found. But with life and heat-trapping gas levels inching back toward normal, the brief pollution

News Legislation / RegulationRisk

B.C. businesses grapple with new health protocols as reopening begins Tuesday

May 19, 2020 Brenna Owen - THE CANADIAN PRESS

VANCOUVER – As some British Columbia businesses prepare to reopen their doors on Tuesday when the province enters the second phase of its COVID-19 restart plan, others say they’re holding off while they grapple with new health protocols. Claire Wyrostok

News Insurance

Lloyd’s estimates COVID’s cost to the industry and its own market

May 15, 2020 by Greg Meckbach

The Lloyd’s market will pay “in the range” of $3 billion to $4.3 billion “as a result of the far-reaching impacts of COVID-19,” the Corporation of Lloyd’s announced Thursday. Comparing the overall COVID-related losses to the 2001 terror attack in

News BrokersInsuranceProfessional Development

Broker licensing exams now available in online format

May 15, 2020 by David Gambrill

The Insurance Institute of Canada, the educational arm of the Canadian property and casualty insurance industry, will be providing OTL/Level 1 broker agent licensing exams in an online format. The online format allows licensing candidates to complete their exams from

News InsuranceLegislation / Regulation

How to ensure social distancing while road-testing drivers

May 13, 2020 by Greg Meckbach

Saskatchewan Government Insurance is resuming road tests – suspended since mid-March – for some drivers. SGI had suspended driving tests in order to reduce the risk of spreading the novel coronavirus. And so how to resume testing while social distancing

News ClaimsRisk

Employment lawyers on returning to work during and after the pandemic

May 12, 2020 Nicole Thompson - THE CANADIAN PRESS

TORONTO – As provinces begin the slow process of reopening their economies and people start returning to the workplace, questions abound about the rights and responsibilities of employees and employers in the aftermath of COVID-19. The Canadian Press asked two

News ClaimsInsuranceRiskTechnology

Regulators to brokers: What is your cyber security plan?

May 11, 2020 by Greg Meckbach

What programs – if any – does your brokerage have in place to mitigate your own cyber risk? This is what your provincial regulator could be asking you, if they haven’t already. “If the Registered Insurance Brokers of Ontario knocks

News Insurance

What surprises Intact about recent driving habits

May 11, 2020 by Greg Meckbach

Canada’s largest property and casualty carrier observed a 50% drop after the middle of March in the distance driven by its auto clients, but the insurer’s usage-based telematics data suggest driving has started to pick up in recent weeks at