What COVID-19 means for your insurance education
March 26, 2020 by David GambrillCOVID-19 has shifted the Insurance Institute of Canada’s April exam session into the first three weeks of June, a move that affects students taking winter semester courses in the Institute’s Chartered Insurance Professional (CIP), General Insurance Essentials (GIE) and Risk…
Carshare service to be suspended due to coronavirus outbreak
March 26, 2020 by Jason ContantTORONTO – Enterprise Holdings Inc. says it will suspend its carsharing service starting Friday because of the coronavirus pandemic. The car rental agency says that its CarShare program will close indefinitely to “ensure the safety of our community.” The service…
HUB’s advice to corporate clients who don’t have COVID-19 coverage
March 25, 2020 by Greg MeckbachHub International is encouraging corporate clients to report business interruption losses arising from COVID-19 even if they think those claims will likely be denied. “This way, the insurance companies can provide the official response,” said Mike Moyer, Toronto-based senior vice…
The challenges of closing your doors in smaller communities
March 25, 2020 by Adam MalikGillons Insurance has 11 offices throughout Northern Ontario, but several are located in communities with around 1,000 (and sometimes fewer) people. And so closing their doors to walk-in clients is a big deal to people living in the area. In…
How COVID-19 is changing insurance transactions in B.C.
March 25, 2020 by Jason ContantThe COVID-19 pandemic sweeping across the globe and here at home is changing the way auto insurance transactions are conducted in British Columbia. Last week, the government of British Columbia announced it would allow certain auto insurance transactions, such as…
What Canada’s brokers have asked of insurers on behalf of Canadians in dire straits
March 25, 2020 by David GambrillCanada’s national broker association issued an open letter to its insurer partners this week, recommending flexible payment options and emergency coverage extensions for clients in need, as well as support for single-office brokerages disabled by an outbreak of COVID-19 requiring…
Can New Brunswick handle spring flooding during COVID-19 crisis?
March 25, 2020 The Canadian PressFREDERICTON – New Brunswick’s premier says his government will do what’s necessary to protect citizens if there is spring flooding while the COVID-19 crisis is still underway, and that could mean calling in the military. “We’re watching it very closely…
3rd Top Story of 2020: Why it matters that insurance is declared to be an “essential service”
March 24, 2020 by Adam MalikThe insurance industry will continue to operate as an essential service after Quebec and Ontario issued orders for many companies to close their doors due to the COVID-19 pandemic. And that’s a relief for consumers, brokers and insurers, say industry…
The impact of the pandemic on insurance mergers
March 24, 2020 by Greg MeckbachBrokerages negotiating a merger or acquisition don’t have to stop because of the COVID-19 pandemic, a Canadian M&A advisor suggests. “A good deal can get done. I suspect it may take a bit longer,” said Georges Pigeon (pictured), Montreal-based deal…
Will commercial BI policies cover pandemics after COVID-19?
March 24, 2020 by David GambrillWill COVID-19 cause Canada’s property and casualty insurance industry to start introducing pandemic business interruption coverage, in much the same way Calgary’s 2013 floods prompted the industry to introduce overland flood coverage into home insurance policies? Don’t count on it.…
How Intact will handle claims in an era of social distancing
March 24, 2020 by Adam MalikIntact is assuring clients and brokers that they are “working around the clock” to keep the claims journey moving forward with as little interruption as possible. “We have mobilized our claims department to be there for our brokers and customers,…
Governments fight to curb COVID-19 and economic fallout of growing job losses
March 24, 2020 Colin Perkel - THE CANADIAN PRESSTORONTO – The two-pronged battle to contain the spread of COVID-19 while inoculating the economy saw governments on Tuesday rush to ease financial hardship amid massive job losses even as they tightened restrictions that could last for weeks. With large…