Commercial

How Intact is handling commercial insurance relief measures

Canada’s largest property and casualty insurer is renewing some commercial policies with no changes in price, and is making mid-term policy adjustments to reflect changing risk portfolios under the current economic conditions. The company said in a recent earnings call that it will take a second look, within weeks, of its previously-announced pandemic relief measures […]

By Greg Meckbach | May 7, 2020

3 min read

How Ontario is responding to surety writers’ COVID-19 concern

Concerns from surety bond providers have prompted the Ontario government to make one change, effective this Thursday, to the state of emergency during the pandemic. As it stands, an emergency order suspending limitations means liens against construction projects technically never expire, said Greg Hersen, partner and chair of construction law at Torkin Manes, in an […]

By Greg Meckbach | April 14, 2020

3 min read

How to help construction clients who are no longer deemed “essential services”

Ontario brokers can expect to receive calls from their clients in the province’s construction industry, some of whom were recently de-listed from the province’s essential services list. Under pressure to reduce the spread of COVID-19 in Ontario, the province recently trimmed its essential services list. All industrial construction has been stopped, the government announced on […]

By Adam Malik | April 6, 2020

3 min read

How COVID-19 impacts surety bond placement

Placing surety bonds has become more challenging with the social distancing precautions underway with the COVID-19 pandemic, but it is possible to do this electronically, says an association representing insurers who write surety bonds. Surety bonds can now be placed without people physically meeting or mailing paper documents, and they are enforceable by law, Steven […]

By Greg Meckbach | March 26, 2020

3 min read