Why Intact is named in lawsuit over COVID business interruption coverage
July 10, 2020 by Greg MeckbachMore than a dozen Canadian property & casualty insurers, including the largest in the nation, are named in a new proposed class-action lawsuit over business interruption coverage during the COVID-19 pandemic. The notice of action was filed July 6 with…
Opinion: How to convince your clients to buy trade credit insurance
July 9, 2020 Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.The key to selling trade credit insurance in this challenging economic environment is to show commercial clients their potential return on investment. Trade credit insurance is an overlooked but essential coverage. It is perhaps more important now than it ever…
Commercial clients want your advice on how to re-open safely. What do you tell them?
July 8, 2020 by David GambrillAs provincial governments across Canada begin to fire up their local economies in staged phases, Canadian businesses are asking their brokerages for advice on how to re-open safely. Aon Canada is already engaged in these sorts of their discussions with…
The Aviva contagious disease policy wording at issue in class action BI coverage dispute
July 8, 2020 by Greg MeckbachThe question of whether non-essential businesses that closed during the pandemic are entitled to claim insurance – specifically, for cover arising as a direct result of an outbreak of contagious or infectious disease within 25 kilometres that is required by…
Ontario premier’s stance on liability protection from pandemic
July 8, 2020 by Greg MeckbachIt is not clear yet whether the Ontario government will grant any protection for liability arising from COVID-19, but the province will not protect “bad actors” in the long-term care or nursing home sector, a spokesperson for Premier Doug Ford…
Bar owners that offer rare wine and spirits carve takeout business model
July 8, 2020 Salmaan Farooqui - THE CANADIAN PRESSTORONTO – Bar and restaurant owners who deal in specialty alcohol say they’ve carved out a new business model around Ontario’s relaxed rules for takeout liquor, and they’ll fight to make the system permanent. In late March, the Ontario government…
More class actions headed to court over pandemic business interruption
July 7, 2020 by Greg MeckbachClass actions asserting pandemic BI insurance coverage are starting to mount in the ‘In’ baskets of Canada’s insurance defence bar. Most recently, Koskie Minsky announced July 6 that it will be one of two firms (the other being Merchant Law)…
Why remote workers should stay where they are
July 6, 2020 by Adam MalikStaff members who are working from home should stay there for the foreseeable future, one risk leader recommends. Scott Fouts, vice president of risk services at Hub, stated his recommendation during a webinar hosted by Hub, Workplace Safety: Employer Obligations…
How many of your low-mileage drivers are shopping around for a better deal?
July 6, 2020 by Greg MeckbachOne impact of the pandemic has been a large spike in customers who are shopping around for a better deal because they are not driving very much, LowestRates.ca reports. “Consumers don’t understand why different insurance companies are reacting differently to…
Brokers who did these things fared better in the pandemic
July 3, 2020 by Adam MalikBrokers who were nimble, ready to change with the times, and acted pro-actively when COVID-19 first emerged as a threat are the ones faring the best three months later, one broker leader says. Those who didn’t are struggling. “Those brokers…
Covid-19 Webinar: Protecting Your Receivables
July 2, 2020 by Canadian UnderwriterTo view Canadian Underwriter’s full webinar series, please fill in the following information for immediate access: Webinar Access Name* First Last Email* Zip/Postal Code* Phone*Organization* Job Title* What is the business of the organization you work for?*Choose One…Independent Insurance BrokerageInsurance…
Covid-19 Webinar (Part 3): The Impact of a Recession on the Canadian P&C Industry
July 2, 2020 by Canadian UnderwriterTo view Canadian Underwriter’s full webinar series, please fill in the following information for immediate access: Webinar Access Name* First Last Email* Zip/Postal Code* Phone*Organization* Job Title* What is the business of the organization you work for?*Choose One…Independent Insurance BrokerageInsurance…