Keyword
covid19
HUB’s advice to corporate clients who don’t have COVID-19 coverage
March 25, 2020 by Greg MeckbachHub International is encouraging corporate clients to report business interruption losses arising from COVID-19 even if they think those claims will likely be denied. “This way, the insurance companies can provide the official response,” said Mike Moyer, Toronto-based senior vice…
The impact of the pandemic on insurance mergers
March 24, 2020 by Greg MeckbachBrokerages negotiating a merger or acquisition don’t have to stop because of the COVID-19 pandemic, a Canadian M&A advisor suggests. “A good deal can get done. I suspect it may take a bit longer,” said Georges Pigeon (pictured), Montreal-based deal…
How these two insurers are serving customers during the pandemic
March 23, 2020 by Greg MeckbachMost Desjardins agency offices are now dealing with customers over the phone and Internet, while CAA Club Group has closed its Ontario stores due to the COVID-19 pandemic. “Desjardins agents are continuing to focus on servicing our clients,” a spokesperson…
These clients are especially disadvantaged by COVID-19 precautions
March 20, 2020 by Greg MeckbachSmart phones and high-speed Internet makes it easier to do business when offices are closed and staff are working from home, but what about the client who doesn’t have the latest and greatest technology gadgets? Some clients, especially some elderly…
How Canada’s fire departments are responding to COVID-19
March 20, 2020 Amy Smart - THE CANADIAN PRESSVancouver’s fire department is preparing to stop responding to the site of non-critical medical calls to preserve its ability to respond to major fires and other emergencies during the COVID-19 pandemic. Fire Chief Darrell Reid told a news conference this…
How a regulator made it easier for P&C industry to social-distance
March 19, 2020 by Greg MeckbachBritish Columbia’s broker regulator has temporarily its loosened rules governing the workplace location of Level 1 salespeople, allowing them to work from home during the COVID-19 pandemic. The temporary rule change took effect Thursday. “The Insurance Council of BC shares…
How cybercriminals are targetting employees working from home
March 19, 2020 David Paddon - THE CANADIAN PRESSTORONTO – Cybersecurity experts are renewing their warnings that the COVID-19 crisis is a huge opportunity for criminals to take advantage of confusion as people are forced to work away from the office. A U.S. security firm says at least…
The good and bad news about event cancellation insurance
March 18, 2020 by Greg MeckbachWith events being cancelled left, right, and centre to avoid the spread of the novel coronavirus in Canada, there is good news and bad news for clients wanting event cancellation insurance. The good news is that insurers are probably not…
The impact of COVID-19 on independent adjusters
March 18, 2020 by Greg MeckbachAs most Canadians are being asked to leave home only when necessary, how will the property and casualty industry deal with a large catastrophe, such as a major wind storm, while still taking precautions to reduce the risk of COVID-19…
How D&O claims could arise from COVID-19
March 17, 2020 by Greg MeckbachIf your clients are accused of failing to warn shareholders of the impact of COVID-19, their directors and officers could have liability exposure, experts from Marsh suggest. Generally speaking, directors and officers tend to have the same liability exposure as…
Quebec warns no emergency shelters for spring flooding amid COVID 19 outbreak
March 17, 2020 THE CANADIAN PRESSMONTREAL – Quebec’s public security minister is warning that due to the novel coronavirus outbreak, the province will not be able to open emergency shelters in the event of spring flooding. Genevieve Guilbault says the COVID-19 pandemic is changing the…
How liability insurance responds (or not) to COVID-19
March 16, 2020 by Greg MeckbachIf your clients are sued as a result of the COVID-19 pandemic, don’t assume they will be covered by a commercial general liability policy. General liability policies have exclusions; and for COVID-19, the most relevant exclusion is probably pollution, suggested…