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News ClaimsClaims CanadaInsuranceLegal

BI claims during COVID: What the courts will examine first

April 30, 2020 by Greg Meckbach

When 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

News BrokersInsurance

How this brokerage is re-opening to the public

April 29, 2020 by Greg Meckbach

To help serve its auto customers better, a Regina-based brokerage that shut its doors to the public due to COVID-19 plans to start letting clients into its offices. “Our brokerages have been doing what we can without physically seeing the

News Risk

Under-used buildings increase this risk during pandemic

April 29, 2020 by Greg Meckbach

Brokers and their commercial business clients returning to the office after a long shutdown may want to think twice before drinking the tap water. Business shutdowns affecting commercial property as a result of the coronavirus mean less water is running

News Risk

Quebec to reopen retail, construction and manufacturing businesses

April 28, 2020 THE CANADIAN PRESS

MONTREAL – Premier Francois Legault says most Quebec stores as well as companies operating in construction and manufacturing will gradually be allowed to reopen in the coming weeks. Under the plan, stores outside Montreal can reopen next Monday while those

News ClaimsClaims CanadaInsuranceLegal

The liability of long-term care facilities: COVID-19’s projected impact

April 24, 2020 by Greg Meckbach

The COVID-19 pandemic could cause large losses for liability insurers covering nursing homes and long-term care facilities, and therefore further tightening of rates, a Canadian managing general agent predicts. “There are a lot of exposures in the business,” Stephen Stewart,

News Insurance

No layoffs in Canada for this Top 5 liability insurer

April 23, 2020 by Greg Meckbach

Despite the massive disruptions from COVID-19, commercial insurer Chubb Limited is promising no layoffs in Canada. “Concerning our no-layoff pledge, we want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time,”

News InsuranceTechnology

Four opportunities COVID provides for fintechs

April 23, 2020 by Greg Meckbach

The COVID-19 pandemic is putting renewed emphasis on digitizing of insurance processes including payments, claims, applications and signatures, a Canadian fintech venture capital executive suggests. “This is a good opportunity for fintech, because the acceleration of innovation in financial institutions

News ClaimsClaims CanadaInsurance

Liability claims that could arise from the pandemic

April 22, 2020 by Greg Meckbach

One result of the ongoing COVID-19 pandemic will be liability claims against company boards, property and casualty industry watchers predict. “I think we will see litigation coming out of this,” Shara Roy, a partner with law firm Lenczner Slaght Royce

News Commercial LinesMarkets / Coverages

Car sharing shutdown in these Canadian cities

April 22, 2020 THE CANADIAN PRESS

General Motors says it has permanently shut down its Maven car sharing service in all markets including Toronto after suspending operations in March due to the COVID-19 outbreak. The company said in an email to customers Tuesday that it made

News Commercial LinesInsurance

What COVID-19 tells us about buying commercial insurance direct

April 21, 2020 by Greg Meckbach

Commercial clients can buy insurance online if they want, but the COVID-19 pandemic is showing the importance of having a broker to help out, suggests Darren Rodrigues, the new president of the Insurance Brokers of Toronto Region (IBTR). “In a

News Commercial Lines

How pandemic has changed Canadian food processing

April 21, 2020 Aleksandra Sagan - THE CANADIAN PRESS

Campbell Soup Company’s production goes into overdrive during what executives dub “soup season.” Starting in October and ending with the close of winter, Campbell’s manufacturing centres run non-stop, staffed by extra employees. Since the arrival of the COVID-19 pandemic, consumer

News Insurance

Hard market to continue with COVID-19: Fairfax

April 20, 2020 by Greg Meckbach

Northbridge Insurance’s premiums are up 20% compared to early 2019 and hard market conditions will continue, Fairfax Financial Holdings Ltd. officials said Thursday. “The hard market conditions that we have been experiencing through 2019 and into the first quarter of