Keyword
covid19
COVID BI coverage dispute lawsuit arises over ‘civil authority’ order clause
May 8, 2020 by Greg MeckbachIf a client temporarily closes his business because of a provincial order arising from COVID-19, does its business interruption kick in if the policy covers “damage caused by order of civil authority to retard or prevent a conflagration or other…
Calm in the storm
May 8, 2020 Adam Malik, Managing EditorLiving and working during a global pandemic is new to everyone. The executive team of Edmonton-based Leibel Insurance Group shares their best advice about how to work from home successfully. – As told to Adam Malik Create a routine. That’s…
How B.C. is gradually reopening its economy
May 8, 2020 Dirk Meissner -THE CANADIAN PRESSVICTORIA – British Columbia has reached the point in the COVID-19 pandemic where it will start a gradual reopening of the economy while also allowing social interactions between families, friends and communities to increase. The plan to restart the province…
COVID-19 operations
May 6, 2020 David Gambrill, Editor in ChiefHow the brokers’ pandemic response accelerated their conversion to digital, thereby enhancing their value to consumers
Why Intact says most clients have no pandemic business interruption coverage
May 6, 2020 by Greg MeckbachFewer than 1% of the commercial property policies that Intact Financial Corp. writes should incur business interruption claims from the coronavirus pandemic, company officials suggested Wednesday. But the insurer has set aside more than $80 million to account for possible…
The biggest one
May 5, 2020 David Gambrill, Editor in ChiefHow the industry will survive a global pandemic
How to exclude business interruption during pandemic
May 4, 2020 by Greg MeckbachIf a commercial insurer does not want business interruption covering a pandemic-related exposure, how should the policy be worded? One insurance defence lawyer would advise the carrier to add a section entitled ‘Pandemic/viral/bacterial infection’ to the list of exclusions. “I…
The ‘hidden’ cyber risks of remote work
May 1, 2020 by Greg MeckbachCommercial clients are vulnerable to hidden risks when they have large numbers of people suddenly working remotely or from home in a disaster, as we are seeing in the pandemic, experts told brokers listening in to Canadian Underwriter’s latest webinar.…
How pandemic is affecting this Top 5 insurer’s bottom line
May 1, 2020 by Greg MeckbachDelays in construction projects, business interruption, and reduced frequency of vehicle accidents will have an impact on insured losses, but it’s too early to predict exact numbers, The Co-operators General Insurance Company suggested in recent securities filing. “Given the many…
Ecclesiastical Insurance offers advice on mitigating flood damage during the COVID-19 pandemic
May 1, 2020 Ecclesiastical InsuranceTORONTO, ON, MAY 1, 2020/insPRESS/ – Spring overland flooding has already caused extensive damage in Northern Alberta, in what is likely only the first significant flood event in Canada this season. Under normal circumstances, damage caused by floodwater can be…
Wimbledon cancellation could ‘change the entire way of looking at insurance’: Broker
April 30, 2020 by Greg MeckbachThe cancellation of the Wimbledon tennis tournament, and the associated nine-figure insurance payout, is going to change the way the industry offers pandemic coverage, a Canadian commercial broker suggests. A report by Britain-based GlobalData says the Wimbledon organizer paid for…
BI claims during COVID: What the courts will examine first
April 30, 2020 by Greg MeckbachWhen business interruption coverage disputes arising from COVID-19 make their way into court, judges may look at whether insurers priced for pandemic, but by far the key consideration will be policy language, says one insurance defence lawyer. “Because an insurance…