How brokers are responding to Canada’s economic support announcement
March 18, 2020 by Adam MalikThe Insurance Brokers Association of Canada (IBAC) is welcoming the federal government’s announcement of a slew of measures to assist Canadian employees, consumers, and businesses throughout the COVID-19 pandemic. Prime Minister Justin Trudeau announced that the financial aid, worth about…
Why Canada’s P&C industry is ready to absorb hit of pandemic-induced recession
March 18, 2020 by David GambrillAlready under financial strain due to tightening markets in several lines of business, Canada’s property and casualty insurance industry nevertheless seems well-positioned to withstand a global recession triggered by the novel coronavirus pandemic — at least in the short term.…
How D&O claims could arise from COVID-19
March 17, 2020 by Greg MeckbachIf your clients are accused of failing to warn shareholders of the impact of COVID-19, their directors and officers could have liability exposure, experts from Marsh suggest. Generally speaking, directors and officers tend to have the same liability exposure as…
COVID-19: A brokerage’s guide to working from home
March 17, 2020 by Adam MalikBrokerages that don’t have a pandemic or business continuity plan in place that allows employees to work from home could follow the lead of one Ontario brokerage that is trying to recreating the office workspace experience in their employees’ homes.…
What Intact is doing during COVID-19
March 17, 2020 by Adam MalikIntact Insurance employees are working from home and the company has created a dedicated team to keep an eye on developments during the COVID-19 pandemic, the company told Canadian Underwriter. “We are taking steps as needed to keep our people…
How liability insurance responds (or not) to COVID-19
March 16, 2020 by Greg MeckbachIf your clients are sued as a result of the COVID-19 pandemic, don’t assume they will be covered by a commercial general liability policy. General liability policies have exclusions; and for COVID-19, the most relevant exclusion is probably pollution, suggested…
Brokerage stops walk-ins, tells staff to work from home
March 16, 2020 by Adam MalikNo clients will be walking through the doors of at least one Alberta brokerage, thanks to fears around spreading coronavirus in the office. Leibel Insurance Group has closed its doors to client visits and told all employees to work from…
RIMS US cancelled due to COVID-19
March 16, 2020 RIMS, The Risk Management SocietyNew York, NY, March 16, 2020/InsPress/ – For the first time in the Society’s 70-year history, it is with a heavy heart that RIMS regretfully must cancel its 2020 Annual Conference & Exhibition. We can’t express enough how grateful we…
Non-Canadians (with exceptions) barred from entering Canada
March 16, 2020 by David GambrillIn an aggressive move to stop the spread of COVID-19 cases in Canada, Prime Minister Justin Trudeau announced Monday that the federal government will be closing the country’s borders to people who are not Canadian citizens or permanent residents. Exceptions…
We will get more cases’; Calgary implements state of emergency over COVID 19
March 16, 2020 Bill Graveland - THE CANADIAN PRESSCALGARY – The City of Calgary is in a local state of emergency to help fight the spread of COVID-19. Downtown streets were mostly empty Monday and traffic was light as many Calgarians heeded public warnings about the novel coronavirus…
Sugar Bush Breakfast in Ottawa cancelled due to COVID-19
March 16, 2020 WICCToronto, ON, March 16, 2020/InsPress/ – Early this morning, the Executive committee of the WICC Ontario Board met to review communication and event management regarding appropriate and cautionary actions due to COVID-19. It is with regret that we will be…
Broker conferences shelved due to virus concerns – are more to follow?
March 13, 2020 by Adam MalikThe Insurance Brokers Association of Alberta (IBAA) and the Insurance Brokers Association of Manitoba (IBAM) are the latest organizations to hold back an event, as threats from COVID-19 are forcing industry organizers to rethink, postpone, or outright cancel events. In…