Could a homeowner’s policy trigger liability coverage for COVID-19?
April 20, 2020 by Jason ContantA homeowner’s insurance policy will not likely be called upon to respond to a liability claim arising from the transmission of COVID-19, an insurance litigation lawyer said Friday. As such, brokers likely don’t need to take the initiative to advise…
Predicting possible outcomes to coronavirus and other pandemics with models and simulations
April 20, 2020 Gabriel Wainer, Professor, Systems and Computer Engineering, Carleton University - THE CANADIAN PRESSThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site Lately, our daily lives include reading complex news items with analysis…
Industry panelists to discuss business continuity in the age of COVID-19
April 17, 2020 by David GambrillCanadian Underwriter will host a free webinar exploring how brokers’ business continuity plans have responded and will continue to respond during the unfolding drama of the global COVID-19 pandemic. Scheduled for 1 pm EST on Wednesday, Apr. 22, the panel…
Fairfax’s Watsa unruffled by pandemic, one of three “black swan” events in 2020
April 17, 2020 by Greg MeckbachThe COVID-19 pandemic was one of three “black swans” to hit the industry so far in 2020 but despite the uncertainty and panic, things will return to normal, suggests Prem Watsa, CEO of Toronto-based Fairfax Financial Holdings Ltd. “The U.S.…
Should the hard market run its course through COVID-19?
April 17, 2020 by Jason ContantAs the economic fallout from the COVID-19 pandemic continues during a hard market cycle, the solution to consumers’ woes may not be as simple as providing premium relief, one Quebec broker says. “We’re not seeing premium relief from insurers to…
How Zurich and BFL helped Bauer’s move to make face shields
April 17, 2020 by Adam MalikSports equipment maker Bauer made headlines when it announced it would shift its production to making face shields for front line employees deemed essential during the COVID-19 pandemic. Behind the scenes helping to make it possible was its broker, BFL…
Regional approach to COVID-19 beginning as feds roll out new measures
April 17, 2020 Michelle McQuigge - THE CANADIAN PRESSFederal officials long focused on nationwide efforts to address the COVID-19 pandemic began to adopt more regional approaches on Friday, acknowledging not all parts of the country are experiencing the outbreak with equal force. Prime Minister Justin Trudeau announced economic…
How the pandemic is changing home inspections
April 16, 2020 by Greg MeckbachIf your clients are buying or selling a home, they can still get it inspected despite the pandemic, but one professional notes the volume of business is down. “For close to a month, we have been working in what I…
2nd Top Story of 2020: What’s the risk of catching COVID-19 in your area?
April 16, 2020 by Adam MalikNew crowdsourcing tools have been made available to show your own personal risk of exposure to COVID-19, the disease caused by the novel coronavirus, in your neighbourhood. For example, If you want to know if your home, brokerage or insurance…
Life and death decisions during a pandemic: Healthcare risk managers in the front lines
April 16, 2020 by Jason ContantCrisis standards of care (CSC) plans should be developed before a disaster such as COVID-19 strikes, but they can be fine-tuned even in the midst of the crisis, a senior risk management consultant said recently. CSC is when healthcare systems,…
Fairfax predicts court’s reaction to legislated retroactive BI policy changes
April 16, 2020 by Greg MeckbachIf laws get passed retroactively changing business interruption policy wording so that pandemic losses now get covered, insurers will likely launch legal challenges that will be looked at by high court judges, Fairfax Financial CEO Prem Watsa suggests. During Fairfax’s…
Small businesses seek rapid rent relief measures as Trudeau promises more support
April 16, 2020 Ian Bickis - THE CANADIAN PRESSTORONTO – Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up. The urgency comes as some landlords have already started issuing eviction notices for businesses…