Why COVID-19 is hitting your supply chain clients particularly hard
April 15, 2020 by Jason ContantBy clustering suppliers in a region, a single event like COVID-19 can have an even broader impact than typically expected, a Zurich Canada executive said recently. “One of the things that businesses can do is look at where they have…
Easter winds may have come just shy of first pandemic-era Cat event
April 15, 2020 by Greg MeckbachHigh winds affecting various areas in Eastern Canada Monday will not necessarily result in a catastrophe event for property insurers, but it’s too early to tell for sure. Early Environment Canada forecasts suggested the storm could potentially lead to the…
The impact of dire unemployment on P&C
April 15, 2020 by Adam MalikGeorge Hodgson was blunt in his observation of what would happen if fears of a 25% unemployment rate come true in his province. “It’ll be horrendous,” the CEO of the Insurance Brokers Association of Alberta told Canadian Underwriter of the…
Economic downturn from COVID-19 will be sharpest on record, Bank of Canada warns
April 15, 2020 The Canadian PressOTTAWA – The Bank of Canada is warning that the downturn tied to COVID-19 will be the worst on record and that the economic recovery will depend on the effectiveness of current measures to bring the pandemic under control. The…
As the pandemic drags on, plan how to protect your core services, Hub advises
April 14, 2020 by Jason ContantCompanies developing a business impact analysis (BIA) plan need to understand the amount of time the organization can function without producing a particular product or service, a senior executive with Hub International said recently. “We need to ask and answer…
How Ontario is responding to surety writers’ COVID-19 concern
April 14, 2020 by Greg MeckbachConcerns from surety bond providers have prompted the Ontario government to make one change, effective this Thursday, to the state of emergency during the pandemic. As it stands, an emergency order suspending limitations means liens against construction projects technically never…
Is this how much pandemic coverage costs?
April 14, 2020 by Adam MalikFamed tennis tournament The Wimbledon Championships has been buying pandemic coverage at a cost of millions of dollars per year for nearly two decades. And it’s set for a claims payout this year, according to a data analytics company. GlobalData,…
Coronavirus triage protocols: Hard choices over ventilator shortages shouldn’t put doctors at legal risk
April 14, 2020 Jocelyn Downie, James Palmer Chair in Public Policy and Law, University Research Professor, Dalhousie 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. Author: Jocelyn Downie, James Palmer Chair in Public Policy and Law,…
How Intact views potential acquisitions during pandemic
April 13, 2020 by Greg MeckbachDespite the massive disruptions from the COVID-19 pandemic, Intact Financial Corp. is keeping its eye on potential mergers. “We want to make sure we have capital ready to be deployed for growth – both organic and through mergers and acquisitions,”…
What brokerage leaders should be doing every day
April 13, 2020 by Adam MalikYour employees may be struggling in a work-from-home environment, so it’s essential to check in with them to make sure they’re adjusting well, say brokerage leaders. Ensuring regular communication can go a long way to keeping their mental health strong.…
This company is accelerating broker commissions
April 13, 2020 by Adam MalikSome brokers will be getting their commission payments sooner from Travelers Canada, the company announced just before the Easter weekend. The move is being applauded by the Insurance Brokers of Canada (IBAC). Those who are on an annual payment system…
Brokers seek four relief measures for hard-hit commercial clients
April 13, 2020 by Jason ContantCanadian insurers have rolled out a number of measures to help Canadian homeowners, drivers and business owners in need over the past week, and now Canada’s national broker association is discussing with insurers additional relief measures for commercial clients affected…