Keyword
covid19
Ontario to introduce commercial eviction ban bill, retroactive to May 1
June 18, 2020 THE CANADIAN PRESSTORONTO – Ontario is introducing legislation today to temporarily ban commercial evictions. The government says it will protect commercial tenants from being locked out or having their assets seized due to the negative impacts of COVID-19. It would be retroactive…
Frustration grows with no apparent end in sight for Canada U.S. border ban
June 15, 2020 James McCarten - THE CANADIAN PRESSWASHINGTON – The intertwined economies of Canada and the United States demand a more sophisticated solution to the threat of COVID-19 than a simple ban on non-essential travel, say business groups chafing at the prospect of another six weeks of…
How much Intact is paying out for commercial COVID claims
June 12, 2020 by Greg MeckbachIntact Financial Corp. is likely to pay out more than $80 million for commercial claims arising directly from the COVID-19 pandemic, but has only seen a small fraction of that so far, CEO Charles Brindamour said Wednesday. “The total actual…
Many Canadian film and TV productions held up by lack of COVID 19 insurance
June 12, 2020 Victoria Ahearn - THE CANADIAN PRESSTORONTO – Reduced crowd scenes. Fewer people on set. COVID-19 testing. Handwashing stations. Those are some of the health and safety protocols Canadian film and TV producers are mulling over for their projects as provinces including British Columbia, Manitoba, Ontario…
When courts might rule against insurers in business interruption coverage disputes
June 11, 2020 by Greg MeckbachA commercial insurer could end up paying for losses that the carrier never intended to cover if a business interruption insurance policy covers government orders or advice to shut down a workplace without clearly excluding something like a widespread pandemic,…
How basement flood risk could rise with pandemic-induced municipal funding crunch
June 10, 2020 by Greg MeckbachThe economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to…
Customers not lauding insurers’ relief measures, but they aren’t shopping around either
June 8, 2020 by Greg MeckbachThe majority of Canadian motorists surveyed are not satisfied with the financial relief measures offered by their insurers, a recently-released Leger Marketing poll indicates. “What struck me as interesting was that although 52% said they were not satisfied, 40% [of…
The ‘massive’ business interruption coverage question with no ‘obvious answer’
June 8, 2020 by Greg MeckbachThe outcome of an ongoing British test case for business interruption during a pandemic could set a precedent for commercial coverage disputes in Canada, a Toronto-based insurance defence lawyer suggests. Britain’s Financial Conduct Authority (FCA) is scheduled to file a…
Ontario government halts commercial evictions in COVID 19 pandemic
June 8, 2020 THE CANADIAN PRESSTORONTO – The Ontario government is putting a temporary ban on commercial evictions to help small business owners who are struggling to pay their rent amid the COVID-19 fallout. Premier Doug Ford says the moratorium applies to small businesses who…
On Side’s COVID-19 video series enlightens and alleviates concerns
June 8, 2020 by On Side Restoration Services Ltd.VANCOUVER, B.C./JUNE 8, 2020/insPRESS/ – Shared twice a month, On Side Restoration now produces an expert COVID-19 video series, and associated blogs, as an educational resource for anyone seeking a deeper understanding of timely COVID-related topics. The vast amount of COVID-19…
How COVID will impact the AGM of Canada’s national broker association
June 4, 2020 by Greg MeckbachThe Insurance Brokers Association of Canada (IBAC)’s annual general meeting, originally scheduled this September in New Brunswick, will not be conducted in person. “We all know that we are in the throes of a global pandemic that hasn’t been experienced…
How Lloyd’s is handling claims differently with COVID-19
June 3, 2020 by Greg MeckbachIn 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…