Insurance & Risk, Analysis, Events and Careers
Claims
Famed 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, based in the United Kingdom, released a report saying that Wimbledon — considered the most […]
By Adam Malik | April 14, 2020
3 min read
Believe it or not, some commercial clients expect business interruption insurance to cover loss of income if the business gets interrupted, even if the cause of the interruption is a pandemic. Regina restaurant owner Thomas Siarkos is one such client. “I have been in the business 31 years and I always paid for insurance and […]
By Greg Meckbach | April 14, 2020
5 min read
This 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, University Research Professor, Dalhousie University Across Canada, the coronavirus pandemic is increasing the demand for […]
By Jason Contant | April 14, 2020
4 min read
Canadian 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 by the ongoing COVID-19 pandemic. Insurance Brokers Association of Canada (IBAC) president Kent Rowe told […]
By Jason Contant | April 13, 2020
Brokers advising commercial clients that business interruption is not usually covered during a pandemic should not be surprised if those clients are hearing something different from their lawyers. “I would caution policyholders to thoroughly review their specific policy language before they assume that they don’t have coverage,” said Kim Winter, Kansas City, Mo.-based partner and insurance […]
By Greg Meckbach | April 9, 2020
2 min read
After recent events surrounding the COVID-19 pandemic, in addition to a recent Ontario Superior Court decision about business interruption in a nuclear incident, Canadian P&C underwriters may want to take a second look at the wording of their pandemic exclusions in commercial policies covering business interruption. Background The World Health Organization officially declared the […]
By Jason Contant | April 9, 2020
8 min read
Home insurers in Quebec may be on the hook for major fire losses on their property policies in the aftermath of an earthquake
April 8, 2020
Canada’s property and casualty insurance companies have answered the call from brokers and customers for stepped-up relief measures to help cope with the financial impact of COVID-19. “It’s a very unusual set of circumstances, but in spite of that I think the industry is answering the call and it’s something we should all be proud […]
By Jason Contant | April 8, 2020
What the province’s changes to auto insurance mean for drivers, brokers, and the legal system
A defendant insurer admits coverage, so why did the court say its actions showed bad faith?
April 7, 2020
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