CU Webinar: Industry execs to discuss impact of economic recession on Canada’s P&C industry
June 12, 2020 by David GambrillWay back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus…
There’s UBI for auto, could it work for home?
June 11, 2020 by Adam MalikIf the more you drive means the likelier you are to have an auto claim, the same thinking could apply to home insurance claims, as people adhere to shelter-in-place guidelines during the COVID-19 pandemic, says a risk expert. If people…
When courts might rule against insurers in business interruption coverage disputes
June 11, 2020 by Greg MeckbachA commercial insurer could end up paying for losses that the carrier never intended to cover if a business interruption insurance policy covers government orders or advice to shut down a workplace without clearly excluding something like a widespread pandemic,…
How basement flood risk could rise with pandemic-induced municipal funding crunch
June 10, 2020 by Greg MeckbachThe economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to…
How the pandemic affects this claims adjuster’s property inspections
June 10, 2020 by Greg MeckbachDespite the unprecedented closures and precautions arising from the ongoing pandemic, claims adjusters continue to inspect properties affected by disasters. “With exterior damages, social distancing has done nothing to affect [claims investigations] other than requiring us to stay a safe…
Webinar: Post Traumatic Growth
June 9, 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…
Customers not lauding insurers’ relief measures, but they aren’t shopping around either
June 8, 2020 by Greg MeckbachThe majority of Canadian motorists surveyed are not satisfied with the financial relief measures offered by their insurers, a recently-released Leger Marketing poll indicates. “What struck me as interesting was that although 52% said they were not satisfied, 40% [of…
The ‘massive’ business interruption coverage question with no ‘obvious answer’
June 8, 2020 by Greg MeckbachThe outcome of an ongoing British test case for business interruption during a pandemic could set a precedent for commercial coverage disputes in Canada, a Toronto-based insurance defence lawyer suggests. Britain’s Financial Conduct Authority (FCA) is scheduled to file a…
Ontario government halts commercial evictions in COVID 19 pandemic
June 8, 2020 THE CANADIAN PRESSTORONTO – The Ontario government is putting a temporary ban on commercial evictions to help small business owners who are struggling to pay their rent amid the COVID-19 fallout. Premier Doug Ford says the moratorium applies to small businesses who…
On Side’s COVID-19 video series enlightens and alleviates concerns
June 8, 2020 by On Side Restoration Services Ltd.VANCOUVER, B.C./JUNE 8, 2020/insPRESS/ – Shared twice a month, On Side Restoration now produces an expert COVID-19 video series, and associated blogs, as an educational resource for anyone seeking a deeper understanding of timely COVID-related topics. The vast amount of COVID-19…
Editor’s Note: Underwriting for the next pandemic
June 5, 2020 by David GambrillThe social and economic impact of the novel coronavirus pandemic in 2020 is truly horrifying, saddening, and staggering. Many of us have lost loved ones, or know people who are out of work because of the potentially lethal virus moving…
Cybersecurity an afterthought for businesses during the pandemic, study suggests
June 5, 2020 by Adam MalikCybersecurity has become an afterthought for commercial clients amid the coronavirus pandemic, with companies not implementing enough safeguards for employees working from home, a new report warns. Not only are few companies providing employees with company devices so that they…