How the pandemic could make it easier for brokers to sell insurance
May 28, 2020 by Adam MalikBrokers may find it easier to persuade clients to buy insurance coverages that have been traditionally harder to sell, because the COVID-19 pandemic has turned a previously far-fetched risk scenario into a reality. “It doesn’t have to be pandemic coverage…
Why insurers are investing more in this technology
May 27, 2020 by Adam MalikAccelerated drone usage by the insurance industry is another of the ripple effects that will come as a result of change thanks to the COVID-19 pandemic. The last few months have changed the way people and businesses interact due to…
Opinion: How changes forced by pandemic are reducing litigation costs
May 26, 2020 Ari Krajden, Kawaguchi Krajden LLPIt has become common to say that we’re living through an unprecedented time. We’re also living in a time of great change that has been forced upon us. Some of these changes have been for the better — and have…
Pandemic insurance fraud: What to watch for…
May 25, 2020 by Greg MeckbachInflated auto towing and storage claims and arson are among the risks the industry faces from the economic downturn and social distancing arising from the pandemic, a fraud and data analytics expert warns. “A legitimate accident may happen and [a…
The three pandemic BI exclusions at the centre of a class action lawsuit
May 22, 2020 by Greg MeckbachA Laval area restaurant that says it has lost more than $700,000 in two months as a result of the pandemic is not taking no for an answer from the insurer, who says business interruption coverage does not apply because…
Battle cry issued to push momentum for pandemic-stalled D/X Initiative
May 21, 2020 by David GambrillThe novel coronavirus appears to have put broker-carrier data exchange connectivity into a temporary state of suspended animation. But the pandemic is a time to push forward with industry-supported data exchange innovations, not put them on hold, one carrier has…
How this brokerage is keeping its socially-distanced culture strong
May 21, 2020 by Adam MalikZoom meetings can help keep people in touch and see colleagues’ faces, but it doesn’t replace the atmosphere of being in the office. That’s why one brokerage is trying to find new ways to keep employees engaged and help keep…
Opinion: How to sell cyber insurance digitally
May 20, 2020 Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.We’re operating in a much more digital world than just a few months ago. As companies of all sizes scramble to make their operations work outside their physical buildings, the threat of cyberattacks increases. Small business clients intuitively understand the…
Cautions accompany Canada’s slow emergence from COVID 19 lockdown
May 20, 2020 Mike Blanchfield - THE CANADIAN PRESSOTTAWA – As Canada’s economy slowly emerged from the COVID-19 lockdown, the chief public health officer was cautioning the country to temper its expectations and continue to take precautions to prevent a resurgence of the illness. Dr. Theresa Tam’s caution…
Study: World carbon pollution falls 17% during pandemic peak
May 19, 2020 Seth Borenstein - THE ASSOCIATED PRESSKENSINGTON, Md. – The world cut its daily carbon dioxide emissions by 17% at the peak of the pandemic shutdown last month, a new study found. But with life and heat-trapping gas levels inching back toward normal, the brief pollution…
Opinion: COVID is nasty and impactful, but it’s not a Black Swan
May 19, 2020 Glenn McGillivray, Managing Director, Institute for Catastrophic Loss ReductionSince the “black swan” metaphor was coined in the 2007 book of the same name, it has become fashionable to label virtually all low probability/high impact events black swans. But the danger of making an occurrence like the COVID-19 outbreak…
Cyber risks involved with digital contact tracing
May 19, 2020 by Adam MalikHealth officials are recommending time-honoured techniques to help reduce the spread of the novel coronavirus. Today’s technology can make these methods more effective than they’ve ever been, a researcher argued recently, but that means people would have to sacrifice one…