Canadian Underwriter

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News Brokers

How Aon avoided laying off employees

April 30, 2020 by Adam Malik

Aon Canada employees will see their salaries reduced as part of an effort to ensure that no one at the company is laid off as a result of the economic upheaval created by the COVID-19 pandemic. The brokerage provided Canadian

News BrokersInsurance

How this brokerage is re-opening to the public

April 29, 2020 by Greg Meckbach

To help serve its auto customers better, a Regina-based brokerage that shut its doors to the public due to COVID-19 plans to start letting clients into its offices. “Our brokerages have been doing what we can without physically seeing the

insPRESS Brokers

Canadian Broker Network membership expansion

April 29, 2020  Canadian Broker Network

TORONTO, ON, APRIL 29, 2020/insPRESS/ – Canadian Broker Network (CBN), Canada’s leading network of independent insurance brokers, is pleased to announce the expansion of its membership. To our newly formed Best Practices Group and the CBN member community, we are pleased to

News BrokersCatastrophesClaimsCommercial LinesInsuranceMarkets / Coverages

How brokers can protect themselves from lawsuits during COVID-19

April 28, 2020 by David Gambrill

Broker advice and advocacy are shining brilliantly during the days of the global pandemic, with insurer products, coverage options and consumer relief packages in a constant state of flux. Many in the P&C industry have noted that broker value has

News BrokersInsurance

Brokers enduring short-term pain for post-pandemic gain

April 28, 2020 by Adam Malik

Insurance brokers are facing short-term increased workloads for little — and even negative — reward during the COVID-19 pandemic. But these efforts are laying the groundwork for future prosperity, whether that be in terms of money, trust and recruitment, P&C

News Insurance

How will COVID-19 change cybersecurity?

April 27, 2020 by David Gambrill

The business email from your chief financial officer seems innocent enough: “Hey Larry, the client changed their bank account information. Can you send them money to their new bank account number?” Under ordinary circumstances — that is, before the novel

insPRESS Insurance

Storm Insurance Group launches Give Back campaign

April 27, 2020 Storm Insurance Group

DARTMOUTH, N.S., APRIL 27, 2020/insPRESS/ – Storm Insurance Group announces the launch of its Give Back fundraising campaign to help support local Canadian food banks amidst the COVID-19 pandemic. Our local food banks are experiencing a significant increase in need

News InsuranceTechnology

Are brokers affected by an urban-rural connectivity gap?

April 24, 2020 by Greg Meckbach

Rural clients should be able to access the Internet at high enough speeds for brokers to offer them digital services, says one Alberta broker. “I would say there is no issue,” said Rob Barros, chief technology officer and chief communications

News BrokersInsurance

Will the pandemic spawn an industry-wide digital roadmap?

April 23, 2020 by Adam Malik

Backing brokers into a corner and forcing them to use just one kind of technology is bad strategy, Joseph Carnevale, president of the Insurance Brokers Association of Ontario (IBAO), warned Wednesday during Canadian Underwriter’s webinar Business Continuity In The Digital

News BrokersInsurance

How brokers in B.C. are handling fraud and auto insurance during COVID-19

April 23, 2020 by Jason Contant

Brokers in British Columbia are temporarily allowed to conduct insurance transactions such as vehicle insurance renewals by phone and email during the novel coronavirus (COVID-19) pandemic. Measures are also being put in place to verify the identity of the customer

News BrokersInsurance

Economic risks of returning to normal too quickly

April 22, 2020 by Adam Malik

Returning to some sort of normalcy is still some time away, according to one economist. And rushing to do so would likely be worse than waiting. It’s best, experts argue, to wait for public health officials to give the green

News Insurance

What you need to know about clients changing production

April 21, 2020 by Adam Malik

A company that makes sweaters can’t flip a switch the next day and start making hospital gowns for frontline healthcare workers before working through important insurance considerations, according to experts. If you have a client looking to shift production —