Segment
Consumers
Should removing winter tires be a priority during pandemic?
April 27, 2020 by Greg MeckbachAs summer approaches in the midst of the COVID-19 pandemic, a key question is whether motorists with winter tires are getting their seasonal tire changes. Keeping winter tires on during the summer increases the risk of aquaplaning because winter tire…
Unica Insurance announces 15% COVID-19 Premium Relief Refund for Personal Automobile
April 24, 2020 Unica InsuranceMISSISSAUGA, ON, April 24, 2020/insPRESS/ Unica Insurance (Unica) is pleased to announce a one-time COVID-19 Premium Relief Refund for all Private Passenger Automobile policies as it continues to expand its package of COVID-19 relief options. The refund will be equivalent…
Economic risks of returning to normal too quickly
April 22, 2020 by Adam MalikReturning 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…
How insurance will be hurt by a lagging economy
April 20, 2020 by Adam MalikThe Canadian property and casualty insurance industry is okay — for now. But the longer the global COVID-19 pandemic drags on, the greater the risk that the economic fallout and financial instability will impact the industry’s financial position, warns MSA Research…
Should the hard market run its course through COVID-19?
April 17, 2020 by Jason ContantAs the economic fallout from the COVID-19 pandemic continues during a hard market cycle, the solution to consumers’ woes may not be as simple as providing premium relief, one Quebec broker says. “We’re not seeing premium relief from insurers to…
How the pandemic is changing home inspections
April 16, 2020 by Greg MeckbachIf your clients are buying or selling a home, they can still get it inspected despite the pandemic, but one professional notes the volume of business is down. “For close to a month, we have been working in what I…
2nd Top Story of 2020: What’s the risk of catching COVID-19 in your area?
April 16, 2020 by Adam MalikNew crowdsourcing tools have been made available to show your own personal risk of exposure to COVID-19, the disease caused by the novel coronavirus, in your neighbourhood. For example, If you want to know if your home, brokerage or insurance…
Small businesses seek rapid rent relief measures as Trudeau promises more support
April 16, 2020 Ian Bickis - THE CANADIAN PRESSTORONTO – Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up. The urgency comes as some landlords have already started issuing eviction notices for businesses…
The impact of dire unemployment on P&C
April 15, 2020 by Adam MalikGeorge Hodgson was blunt in his observation of what would happen if fears of a 25% unemployment rate come true in his province. “It’ll be horrendous,” the CEO of the Insurance Brokers Association of Alberta told Canadian Underwriter of the…
Nearly 5.4 million receiving emergency federal aid as requests climb
April 13, 2020 The Canadian PressOTTAWA – The federal government says nearly 5.4 million Canadians are now receiving emergency aid to replace incomes lost due to COVID-19. The figures this morning show 5.38 million applications have been processed since March 15, a figure that includes…
Afterburn
April 8, 2020 Greg Meckbach, Associate EditorHome insurers in Quebec may be on the hook for major fire losses on their property policies in the aftermath of an earthquake
Head of RBC says not to expect quick economic recovery from COVID-19
April 8, 2020 The Canadian PressTORONTO – The head of the Royal Bank of Canada is warning the economic recovery from the COVID-19 pandemic will likely be slower and more uneven than originally thought. CEO Dave McKay said Wednesday that the depths of the challenge…