Insurance & Risk, Analysis, Events and Careers
Claims
With the widespread impact of pandemic-induced business income losses, the property and casualty industry is looking for a good way of dealing with a high volume of potential business interruption notices of loss. “The IBAO is asking business clients not to flood insurance companies with claims at this time,” said Colin Simpson, CEO of the […]
By Greg Meckbach | March 27, 2020
2 min read
Intact 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, and we are working around the clock to provide the necessary guidance, information, and communications,” […]
By Adam Malik | March 24, 2020
Vancouver’s fire department is preparing to stop responding to the site of non-critical medical calls to preserve its ability to respond to major fires and other emergencies during the COVID-19 pandemic. Fire Chief Darrell Reid told a news conference this week the department is looking at changing its service model, in a move representing one […]
By Greg Meckbach | March 20, 2020
3 min read
A Calgary homeowner and her tenant are on the hook for more than $20,000 after a waste removal contractor was attacked on the property by a dog. In Malig v. Kaur, released Mar. 16, the Alberta Court of Appeal ruled that Kamalpreet Kaur and her niece, Chandni Singh, must pay Aurelio Malig $4,204.13 in pre-judgement […]
By Greg Meckbach | March 19, 2020
TORONTO – Cybersecurity experts are renewing their warnings that the COVID-19 crisis is a huge opportunity for criminals to take advantage of confusion as people are forced to work away from the office. A U.S. security firm says at least two shadowy criminal groups are specifically targeting Canada with faked emails that pretend to provide […]
With 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 raising prices because of the COVID-19 pandemic. “Insurers do not see themselves having exposure to […]
By Greg Meckbach | March 18, 2020
As most Canadians are being asked to leave home only when necessary, how will the property and casualty industry deal with a large catastrophe, such as a major wind storm, while still taking precautions to reduce the risk of COVID-19 transmission? “The challenge about layering in a catastrophe right on top of a business continuity […]
DETROIT – Volvo is recalling more than 736,000 vehicles worldwide because the automatic emergency braking system may not detect obstacles and stop the vehicles as designed. The recall covers certain 2019 and 2020 S60, V60, S90L and V90 models. The company says in government documents that a software-hardware incompatibility glitch causes the problem. If the […]
1 min read
If your clients are accused of failing to warn shareholders of the impact of COVID-19, their directors and officers could have liability exposure, experts from Marsh suggest. Generally speaking, directors and officers tend to have the same liability exposure as they would with any other event affecting the business, said Sarah Downey, U.S. directors and […]
By Greg Meckbach | March 17, 2020
Intact Insurance employees are working from home and the company has created a dedicated team to keep an eye on developments during the COVID-19 pandemic, the company told Canadian Underwriter. “We are taking steps as needed to keep our people safe and make sure that everyone has all the information they need,” an Intact spokesperson […]
By Adam Malik | March 17, 2020
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