Protecting your receivables: Execs in CU webinar discuss the options
June 19, 2020 by David GambrillCanada’s pandemic-induced economic recession is now in full swing, and although businesses are gradually starting to open up after a decline in COVID-19 infection rates, there is a great deal of speculation about insolvencies. And that has the P&C industry…
Health experts urge caution as big business demands loosening of travel rules
June 19, 2020 Christopher Reynolds - THE CANADIAN PRESSHealth experts are urging caution after business leaders called on Prime Minister Justin Trudeau and provincial premiers to ease air travel restrictions. Paul Pottinger, professor of infectious diseases at the University of Washington’s School of Medicine, says big business should…
Ontario to introduce commercial eviction ban bill, retroactive to May 1
June 18, 2020 THE CANADIAN PRESSTORONTO – Ontario is introducing legislation today to temporarily ban commercial evictions. The government says it will protect commercial tenants from being locked out or having their assets seized due to the negative impacts of COVID-19. It would be retroactive…
Opinion: What’s the future of remote work for brokers post-pandemic?
June 17, 2020 Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.One question top of mind for brokers and their clients is: Will this remote work environment be something that we’ll see for the long term? Maybe not entirely, but there are parts we can take to make the broker world…
What a politician says he’ll do if insurer rebates don’t measure up
June 17, 2020 by Adam MalikThreats are being lobbed at auto insurers by an Ontario member of parliament who indicated that insurers not offering satisfactory relief measures could be called out and face repercussions. In the latest salvo from Ontario Finance Minister Rod Phillips —…
Intact predicts two-year hard market in auto
June 17, 2020 by Greg MeckbachAs the number of kilometres driven drops during the pandemic, consumers can expect to get a break on their auto insurance – and expect a hard market to pick up after the pandemic, Intact Financial CEO Charles Brindamour warns. “We…
Hot line: Why residential fire frequency is up
June 16, 2020 by Greg MeckbachThe surge in people working from home has brought an increase in home cooking fires, risk and insurance professionals observe. “You are seeing a spike in residential fires in condos and rental units because people are at home more and…
How the economic recession changed the game for Canadian brokers, insurers
June 16, 2020 by Adam MalikThe COVID-19 pandemic has pushed broker to be more than just advisors of insurance coverage — they’re offering broader financial guidance and services to their clients. Meanwhile, the economic recession resulting from the pandemic shifted the carriers’ focus towards “operational…
COVID-19 has accelerated changes to the claims industry
June 15, 2020 by Adam MalikAuto insurance customers should enjoy a shorter claims journey if pandemic-related changes stick around, insurance pros told Canadian Underwriter recently. Social distancing rules related to the COVID-19 pandemic have forced the insurance industry, along with its customers, to adopt technology…
Frustration grows with no apparent end in sight for Canada U.S. border ban
June 15, 2020 James McCarten - THE CANADIAN PRESSWASHINGTON – The intertwined economies of Canada and the United States demand a more sophisticated solution to the threat of COVID-19 than a simple ban on non-essential travel, say business groups chafing at the prospect of another six weeks of…
How much Intact is paying out for commercial COVID claims
June 12, 2020 by Greg MeckbachIntact Financial Corp. is likely to pay out more than $80 million for commercial claims arising directly from the COVID-19 pandemic, but has only seen a small fraction of that so far, CEO Charles Brindamour said Wednesday. “The total actual…
Many Canadian film and TV productions held up by lack of COVID 19 insurance
June 12, 2020 Victoria Ahearn - THE CANADIAN PRESSTORONTO – Reduced crowd scenes. Fewer people on set. COVID-19 testing. Handwashing stations. Those are some of the health and safety protocols Canadian film and TV producers are mulling over for their projects as provinces including British Columbia, Manitoba, Ontario…