Segment
Brokers
How much insurers paid out for Fort Mac’s spring flood
June 2, 2020 by Adam MalikInsurers paid out more $228 million in insured damage for spring flooding in Fort McMurray, Alta., that occurred a little over a month ago. Catastrophe Indices and Quantification Inc. (CatIQ) released the numbers this week, noting that commercial properties took…
Opinion: Are your clients buying enough E&O coverage?
June 1, 2020 By Tom Chaplin, CFC UnderwritingYour clients are putting themselves at greater risk if they’re relying on general liability instead of proper errors and omissions coverage to guard against any issues that may arise. The responsibility falls to brokers to ensure their clients have the…
Q&A: Business Continuity in the Digital Age
June 1, 2020 by David GambrillAs an industry challenged by all of the various disasters that the world has to offer, many Canadian property and casualty insurance companies already had business continuity plans in place to keep their operations running in the face of a…
Better safe than sued: How to advise your clients on temperature screening, glove use
May 29, 2020 by Adam MalikYour commercial clients may expose themselves to legal risk if they don’t adhere to all government recommendations to protect clients and employees from the spread of coronavirus while re-opening, legal professionals warned. As social distancing rules loosen in various parts…
Q&A: Business Continuity in the Digital Age
May 29, 2020 by David GambrillIt’s often been said that insurance is a “people business,” but establishing and maintaining personal relationships is challenged by social distancing requirements to prevent the spread of a global pandemic. Certain professional roles within the industry are perhaps more suited…
Contactless payment in a pandemic: There’s an app for that
May 29, 2020 by David GambrillRetail clients of brokers and insurers can now prevent the spread of the novel coronavirus by taking advantage of digital, contact-free payment methods now available on mobile apps. Increasingly, businesses will have to operate within the health and safety guidelines…
These types of businesses are in serious need of a cyber policy
May 28, 2020 by David GambrillWith ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved…
Q&A: Business Continuity in the Digital Age
May 28, 2020 by David GambrillRunning day-to-day operations is a challenge when your employees aren’t all in the same physical location. Although the Canadian P&C insurance industry is an essential service (and is therefore allowed to keep its offices open), most the industry’s workforce has…
How the pandemic could make it easier for brokers to sell insurance
May 28, 2020 by Adam MalikBrokers may find it easier to persuade clients to buy insurance coverages that have been traditionally harder to sell, because the COVID-19 pandemic has turned a previously far-fetched risk scenario into a reality. “It doesn’t have to be pandemic coverage…
Q&A: Business Continuity in the Digital Age
May 27, 2020 by David GambrillIn an age of social distancing, contactless claims resolution is an important part of preventing the spread of the novel coronavirus. Canadian Underwriter has talked to those in the claims industry about how to do their jobs safely in the…
Q&A: Business Continuity in the Digital Age
May 26, 2020 by David GambrillMore than 3 million Canadians lost their jobs in March and April due to the business closures to reduce the spread of the novel coronavirus. An Angus Reid poll published in March suggested that 44% of Canadian households reported lost…
Q&A: Business Continuity in the Digital Age
May 25, 2020 by David GambrillWith the novel coronavirus pandemic creating an economic recession, the future of real estate pricing may become a factor in how some businesses choose to proceed in the post pandemic future. Some have argued that commercial real estate pricing may…