Segment
Brokers
How Trudeau’s wage subsidy package will affect brokers and their clients
March 31, 2020 by Jason ContantBrokers 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…
What Canadian P&C industry fears the most about the pandemic
March 30, 2020 by David GambrillCanada’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…
“Working from home is working,” P&C industry reports in CU poll
March 27, 2020 by David GambrillSo 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…
How IBAO wants brokers to treat pandemic business interruption losses
March 27, 2020 by Greg MeckbachWith 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…
Brokers respond to Trudeau’s wage subsidy for small business
March 27, 2020 by David GambrillCanadian 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…
Brokers working from home: A personal story
March 26, 2020 by Adam MalikFor broker Stanislav Kojokin of Toronto-based KASE Insurance, getting yourself organized so that you know what your day and the rest of the week is going to look like is the key to success while working from home. Having worked…
What COVID-19 means for your insurance education
March 26, 2020 by David GambrillCOVID-19 has shifted the Insurance Institute of Canada’s April exam session into the first three weeks of June, a move that affects students taking winter semester courses in the Institute’s Chartered Insurance Professional (CIP), General Insurance Essentials (GIE) and Risk…
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 challenges of closing your doors in smaller communities
March 25, 2020 by Adam MalikGillons Insurance has 11 offices throughout Northern Ontario, but several are located in communities with around 1,000 (and sometimes fewer) people. And so closing their doors to walk-in clients is a big deal to people living in the area. In…
How COVID-19 is changing insurance transactions in B.C.
March 25, 2020 by Jason ContantThe COVID-19 pandemic sweeping across the globe and here at home is changing the way auto insurance transactions are conducted in British Columbia. Last week, the government of British Columbia announced it would allow certain auto insurance transactions, such as…
What Canada’s brokers have asked of insurers on behalf of Canadians in dire straits
March 25, 2020 by David GambrillCanada’s national broker association issued an open letter to its insurer partners this week, recommending flexible payment options and emergency coverage extensions for clients in need, as well as support for single-office brokerages disabled by an outbreak of COVID-19 requiring…
Why it matters that insurance is declared to be an “essential service”
March 24, 2020 by Adam MalikThe insurance industry will continue to operate as an essential service after Quebec and Ontario issued orders for many companies to close their doors due to the COVID-19 pandemic. And that’s a relief for consumers, brokers and insurers, say industry…