Segment
Brokers
How COVID-19 has changed selling cyber insurance
August 21, 2020 by Adam MalikBrokers and insurers should expect an upswing in cyber insurance demand, if they haven’t seen it already, as the workforce shifts in the wake of the COVID-19 pandemic, a number of reports suggest. Just over a third (34%) expect to…
What back to the office looks like for Canadian brokerages
August 20, 2020 by Jason ContantAs businesses across the country continue their staged approach to reopening in the wake of the novel coronavirus pandemic, many brokerages are looking at what this “new normal” means for their company and staff. Some brokerages plan to reopen in…
How COVID-19 could permanently alter Marsh & McLennan
August 19, 2020 by Greg MeckbachTravel and entertainment spending could be down permanently for Marsh & McLennan Companies Inc., though it’s sure to rise again somewhat later this year, suggests CEO Dan Glaser. “I am not sure we will go running back to hopping on…
Is the pandemic hiding your commercial client’s under-insurance issues?
August 19, 2020 by Adam MalikThere may be fewer instances of under-insurance related to business interruption during the COVID-19 pandemic era, but brokers can’t let the issue of purchasing the right amount of cover to fall off the radar when advising their commercial clients. In…
Are your clients using the pandemic to terminate staff? A primer on their liability exposure
August 18, 2020 by Adam MalikJust because staff members are not choosing to return the office, that doesn’t mean employers can terminate them, an employment lawyer warned. If P&C organizations or their commercial business clients are culling employees for the wrong reasons, they could be…
How the largest commercial brokerage views its COVID E&O exposure
August 18, 2020 by Greg MeckbachAlthough some commercial clients may start “suing everybody” because their business interruption insurance did not cover income lost during the pandemic, brokers could not have obtained broad-scale pandemic coverage for all clients even if they wanted to because the exposure…
What Intact is telling competitors who distribute through BrokerLink
August 17, 2020 by Greg MeckbachIntact CEO Charles Brindamour is assuring his competitors that they are not at a competitive disadvantage with Intact should they distribute their insurance through Intact Financial Corp.’s BrokerLink brokerage unit. “Our strategy is not to get the brokerage business to…
Brokers urged to remind clients: Home policies won’t cover ‘pandemic pods’
August 13, 2020 by David GambrillAs schools across the country prepare for re-opening in September, skittish parents who are not in favour of in-class learning for their children are setting up so-called “pandemic pods” to home-school small groups of children in the home. But brokers…
Why this BrokerLink exec thinks COVID could accelerate brokerage M&A
August 12, 2020 by David GambrillBefore the pandemic, hard market conditions and the increasing digitization of brokerages were already reasons for some broker principals to ponder selling the business and moving on, but the novel coronavirus may have further accelerated the pace of M&A, says…
BrokerLink closes nine brokerage acquisitions across the country
August 11, 2020 by David GambrillBrokerLink announced Tuesday the closing of nine acquisitions to date for 2020, including the acquisition of brokerages in Alberta, Ontario, Nova Scotia and New Brunswick. BrokerLink, a subsidiary of Intact Financial Corporation, continues to look to the future to carry…
Balancing Act
August 8, 2020 CIP SocietyWhat happens when an agreement is breached due to COVID-19? Experts share their thoughts
How job-protected leaves could affect your brokerage’s re-opening plans
August 7, 2020 by Adam MalikBrokerage principals shouldn’t be rigid when it comes to dealing with employees who are skeptical about returning to the office and decide to extend or take a leave, an employment lawyer advised. A key observation management needs to make about…