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Fool’s errand: Why it’s difficult to estimate a return to the office

April 3, 2020 by Adam Malik

Reliable data related to the COVID-19 pandemic is hard to come by. That’s why “flattening the curve,” as health experts put it, and predicting a timeline to return to life similar to one pre-crisis is an exercise in futility, says

News BrokersInsurance

Early lessons learned from the pandemic: Global demand surge

April 3, 2020 by David Gambrill

Canada’s P&C industry is used to planning for demand surges in times of disaster, but the demand for resources during the global COVID-19 pandemic is on a totally different scale. “Generally, I think people associate business continuity plans with isolated

News BrokersInsuranceProfessional Development

Educating yourself about flood coverage while cooped up at home

April 1, 2020 by Greg Meckbach

Looking for a free course that will give you continuing education credits without having to leave your house? The Intact Centre on Climate Adaptation recently launched a 1.5-hour online home flood risk course for brokers anywhere in Canada. “It helps

News InsuranceLegalRisk

Why insurers can expect to see a surge in demand for pandemic BI coverage

April 1, 2020 by Greg Meckbach

Your commercial clients could start asking for business interruption insurance that includes pandemic, if they have not already, a human resources lawyer says. “I think after this pandemic, most companies would probably be well-advised to take a look at their

Feature Risk

Sticker Shock

April 1, 2020 Greg Meckbach, Associate Editor

How will underwriters assess your organization’s commercial property risk? A guide to help risk managers avoid renewal surprises in a tough market environment

News ClaimsCommercial LinesInsurance

How to help commercial clients during mandatory business shutdowns

March 31, 2020 by Jason Contant

As non-essential businesses shutter across Ontario, your commercial business clients can take a few common sense preventative measures to help ensure their insurance coverage remains in place and facilities are maintained. To further contain the spread of COVID-19, Ontario Premier

News BrokersInsurance

How Trudeau’s wage subsidy package will affect brokers and their clients

March 31, 2020 by Jason Contant

Brokers will likely see their incomes “relatively stable” during the COVID-19 crisis, at least for the time being, said the head of Ontario’s brokers association. “Generally, I think brokerages – if they have a spread of clients, which most of

News BrokersInsuranceMarkets / Coverages

What Canadian P&C industry fears the most about the pandemic

March 30, 2020 by David Gambrill

Canada’s fragile economy is what’s keeping everyone in the P&C insurance industry awake at night. The unknown future of an economy that is almost certainly headed for a global recession figured in the Top 3 answers of what P&C insurance

News BrokersInsurance

UPDATED: What emergency relief will insurers offer customers? Here’s what they told us

March 30, 2020 by Adam Malik

Canada’s P&C insurance industry should follow the example of the banking sector and show a united front in presenting options to clients adversely affected by the COVID-19 pandemic, according to some brokers. Canada’s six biggest banks released a joint announcement

News BrokersEmploymentInsurance

“Working from home is working,” P&C industry reports in CU poll

March 27, 2020 by David Gambrill

So far, so good, the Canadian property and casualty insurance industry appears to have adapted very quickly to the new virtual environment of working from home, according to results from a recent Canadian Underwriter survey of its readership. Just over

News BrokersClaimsClaims CanadaCommercial LinesInsurance

How IBAO wants brokers to treat pandemic business interruption losses

March 27, 2020 by Greg Meckbach

With the widespread impact of pandemic-induced business income losses, the property and casualty industry is looking for a good way of dealing with a high volume of potential business interruption notices of loss. “The IBAO is asking business clients not

News BrokersCommercial LinesInsurance

Brokers respond to Trudeau’s wage subsidy for small business

March 27, 2020 by David Gambrill

Canadian brokers say Prime Minister Justin Trudeau’s announcement Friday of a 75% wage subsidy for small business is definitely good news for their small business clients. However, it remains an open question as to whether a brokerage would actually need