How wedding insurance will adapt to a post-pandemic world
October 6, 2021 Brooke SmithWedding revenues dropped by almost 40% drop in Ontario last year, according to HelloSafe.ca, due largely to the COVID-19 pandemic. Wedding insurance, as a result, was also affected. Pre-pandemic, Front Row Insurance Brokers was receiving about 200 orders a month…
Why COVID-19 cost this reinsurer $1.2 billion in three months
May 12, 2020 by Greg MeckbachEvent cancellation is a major reason for the sharp increase in Munich Re’s first-quarter reinsurance claims. Munich Re reported €800 million in COVID-19 related losses in the three months ending March 31, “particularly in event cancellation insurance.” Munich Re’s claims…
Wimbledon cancellation could ‘change the entire way of looking at insurance’: Broker
April 30, 2020 by Greg MeckbachThe cancellation of the Wimbledon tennis tournament, and the associated nine-figure insurance payout, is going to change the way the industry offers pandemic coverage, a Canadian commercial broker suggests. A report by Britain-based GlobalData says the Wimbledon organizer paid for…
The good and bad news about event cancellation insurance
March 18, 2020 by Greg MeckbachWith 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…