Why COVID-19 cost this reinsurer $1.2 billion in three months
May 12, 2020 by Greg MeckbachEvent cancellation is a major reason for the sharp increase in Munich Re’s first-quarter reinsurance claims. Munich Re reported €800 million in COVID-19 related losses in the three months ending March 31, “particularly in event cancellation insurance.” Munich Re’s claims…
Employment lawyers on returning to work during and after the pandemic
May 12, 2020 Nicole Thompson - THE CANADIAN PRESSTORONTO – As provinces begin the slow process of reopening their economies and people start returning to the workplace, questions abound about the rights and responsibilities of employees and employers in the aftermath of COVID-19. The Canadian Press asked two…
The Commonwell Mutual Insurance Group is Paying It Forward to all members
May 12, 2020 The Commonwell Mutual Insurance GroupEvery Member to be Sent $100 as Part of COVID-19 Member Response Plan – a Total of $8.4 Million LINDSAY, ON, MAY 12, 2020/insPRESS/ – With more than a century of standing behind our communities and our members, The Commonwell…
Covid-19 Webinar (Part 2): Cyber Security in a Remote World
May 12, 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 1): Business Continuity in the Digital Age
May 12, 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…
CU Editorial: A survival guide for the next Recession
May 11, 2020 by David GambrillThe novel coronavirus has seemingly put all businesses in Canada, including the P&C industry, in a long-term holding pattern that that is likely to last until a vaccine is available. That could be anywhere from one to two years, according…
Regulators to brokers: What is your cyber security plan?
May 11, 2020 by Greg MeckbachWhat programs – if any – does your brokerage have in place to mitigate your own cyber risk? This is what your provincial regulator could be asking you, if they haven’t already. “If the Registered Insurance Brokers of Ontario knocks…
What surprises Intact about recent driving habits
May 11, 2020 by Greg MeckbachCanada’s largest property and casualty carrier observed a 50% drop after the middle of March in the distance driven by its auto clients, but the insurer’s usage-based telematics data suggest driving has started to pick up in recent weeks at…
Open roads: Driving “fast and furious” during the pandemic
May 11, 2020 by Adam MalikOntario Provincial Police caught two different drivers this past weekend going more than twice the speed limit on highways, part of a growing trend of dangerous driving on the open roads during the pandemic — and insurers are taking notice.…
How COVID-19 may change the cyber insurance landscape
May 8, 2020 by David GambrillOne long-term impact of the novel coronavirus pandemic may be an uptick in the sale of commercial cyber insurance policies, industry experts predicted during a recent Canadian Underwriter webinar. In addition, the pandemic may provide an opportunity for brokers to…
COVID BI coverage dispute lawsuit arises over ‘civil authority’ order clause
May 8, 2020 by Greg MeckbachIf a client temporarily closes his business because of a provincial order arising from COVID-19, does its business interruption kick in if the policy covers “damage caused by order of civil authority to retard or prevent a conflagration or other…
How B.C. is gradually reopening its economy
May 8, 2020 Dirk Meissner -THE CANADIAN PRESSVICTORIA – British Columbia has reached the point in the COVID-19 pandemic where it will start a gradual reopening of the economy while also allowing social interactions between families, friends and communities to increase. The plan to restart the province…