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COVID-19: What this association wants its members to do during this time

March 19, 2020 by Adam Malik

The Insurance Brokers Association of Alberta is calling on its members to take necessary precautions amid the COVID-19 pandemic, including closing offices. The group is also temporarily shuttering its offices but will try to ensure members can still get their

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How cybercriminals are targetting employees working from home

March 19, 2020 David Paddon - THE CANADIAN PRESS

TORONTO – Cybersecurity experts are renewing their warnings that the COVID-19 crisis is a huge opportunity for criminals to take advantage of confusion as people are forced to work away from the office. A U.S. security firm says at least

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The good and bad news about event cancellation insurance

March 18, 2020 by Greg Meckbach

With events being cancelled left, right, and centre to avoid the spread of the novel coronavirus in Canada, there is good news and bad news for clients wanting event cancellation insurance. The good news is that insurers are probably not

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The impact of COVID-19 on independent adjusters

March 18, 2020 by Greg Meckbach

As most Canadians are being asked to leave home only when necessary, how will the property and casualty industry deal with a large catastrophe, such as a major wind storm, while still taking precautions to reduce the risk of COVID-19

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How brokers are responding to Canada’s economic support announcement

March 18, 2020 by Adam Malik

The Insurance Brokers Association of Canada (IBAC) is welcoming the federal government’s announcement of a slew of measures to assist Canadian employees, consumers, and businesses throughout the COVID-19 pandemic. Prime Minister Justin Trudeau announced that the financial aid, worth about

News Insurance

Why Canada’s P&C industry is ready to absorb hit of pandemic-induced recession

March 18, 2020 by David Gambrill

Already under financial strain due to tightening markets in several lines of business, Canada’s property and casualty insurance industry nevertheless seems well-positioned to withstand a global recession triggered by the novel coronavirus pandemic — at least in the short term.

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How D&O claims could arise from COVID-19

March 17, 2020 by Greg Meckbach

If your clients are accused of failing to warn shareholders of the impact of COVID-19, their directors and officers could have liability exposure, experts from Marsh suggest. Generally speaking, directors and officers tend to have the same liability exposure as

News Brokers

COVID-19: A brokerage’s guide to working from home

March 17, 2020 by Adam Malik

Brokerages that don’t have a pandemic or business continuity plan in place that allows employees to work from home could follow the lead of one Ontario brokerage that is trying to recreating the office workspace experience in their employees’ homes.

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What Intact is doing during COVID-19

March 17, 2020 by Adam Malik

Intact Insurance employees are working from home and the company has created a dedicated team to keep an eye on developments during the COVID-19 pandemic, the company told Canadian Underwriter. “We are taking steps as needed to keep our people

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Quebec warns no emergency shelters for spring flooding amid COVID 19 outbreak

March 17, 2020 THE CANADIAN PRESS

MONTREAL – Quebec’s public security minister is warning that due to the novel coronavirus outbreak, the province will not be able to open emergency shelters in the event of spring flooding. Genevieve Guilbault says the COVID-19 pandemic is changing the

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How liability insurance responds (or not) to COVID-19

March 16, 2020 by Greg Meckbach

If your clients are sued as a result of the COVID-19 pandemic, don’t assume they will be covered by a commercial general liability policy. General liability policies have exclusions; and for COVID-19, the most relevant exclusion is probably pollution, suggested

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Brokerage stops walk-ins, tells staff to work from home

March 16, 2020 by Adam Malik

No clients will be walking through the doors of at least one Alberta brokerage, thanks to fears around spreading coronavirus in the office. Leibel Insurance Group has closed its doors to client visits and told all employees to work from