How P&C industry professionals are reacting to COVID-19: CU poll
March 12, 2020 by Adam MalikMany Canadian property and casualty professionals are concerned about travelling to industry conferences, but a majority haven’t changed their plans due to the threat of COVID-19, according to a Canadian Underwriter survey conducted Tuesday. Almost 600 industry members responded to…
One business interruption risk from COVID-19 that your clients may overlook
March 11, 2020 by Greg MeckbachWill your business get interrupted because people working from home due to COVID-19 cannot log into their computer systems? “If you are asking staff to work from home, make sure that the technology systems to enable them to do that can…
Ecclesiastical Insurance Releases White Paper on Business Implications of COVID-19
March 11, 2020 Ecclesiastical InsuranceToronto, ON, March 11, 2020/InsPress/ – With Coronavirus now spreading through countries far from its origin in China, it is now considered by experts to be at pandemic potential. Ecclesiastical Insurance has published COVID-19 : A guide for businesses and organizations,…
How carriers are covering travel insurance in the age of coronavirus
March 9, 2020 by Jason ContantCarriers who offer travel insurance are taking different approaches to covering trip cancellations in the wake of the coronavirus (COVID-19) outbreak that claimed its first Canadian victim Monday. Typically, travellers with regular trip cancellation insurance with trips booked before the…
Three strategies to help insurance pros deal with coronavirus anxiety
March 6, 2020 by Jason ContantWith the number of coronavirus cases increasing in Canada and “coronavirus anxiety” now a reality, there are some strategies insurance professionals can take to ensure their teams continue to collaborate effectively and maintain momentum in the business. Among those strategies…
Urgent Update: InsurTech North and Canadian Insurance Financial Forum (CIFF) postponed due to COVID-19
March 5, 2020 by rosemaryToronto, ON, March 5, 2020/InsPress/ – Given the global uncertainty and concern that has quickly mounted relating to the COVID-19 situation, MSA Research has made the difficult decision to postpone both InsurTech North and the Canadian Insurance Financial Forum (CIFF)…
Bank of Canada cuts key rate amid coronavirus concerns
March 4, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus…
Ins and outs of travel insurance amid coronavirus outbreak
February 11, 2020 The Canadian PressVANCOUVER – Travellers nervous about globe-trotting during the novel coronavirus outbreak may be eligible to receive a refund for cancelling their travels, say insurance experts, but it depends on the destination, their insurance policy and other factors. “I think in…
Cyber criminals using coronavirus-themed emails to deliver malware
February 10, 2020 The Canadian PressTORONTO – A U.S. cybersecurity company says criminal groups are exploiting fears over the new coronavirus to attack the global shipping industry. California-based Proofpoint says it has detected a new email campaign that uses Microsoft Word attachments designed to trick…
Can the Novel Coronavirus illness trigger P&C policy coverage?
January 30, 2020 by David GambrillNews of three documented Canadian cases of 2019 Novel Coronovirus (or 2019-nCoV) has spread like wildfire, and several legal commentators and risk managers are now issuing alerts containing steps to reduce the likelihood of people contracting the pneumonia-like symptoms in…