Industry

Opinion: Will COVID-19 kill the traditional brokerage model?

The insurance industry has a lot of work to do to rebuild consumer confidence. The insurance product is a necessity, so insurers will survive this, but will brokers? Consumer confidence in commercial insurance has never been lower: Companies are suffering on a mass scale because of a business interruption (BI), and yet their BI cover […]

By David Gambrill | April 24, 2020

3 min read

No layoffs in Canada for this Top 5 liability insurer

Despite the massive disruptions from COVID-19, commercial insurer Chubb Limited is promising no layoffs in Canada. “Concerning our no-layoff pledge, we want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time,” stated Evan Greenberg, CEO of Zurich-based Chubb, in a recent release. A Chubb spokesperson told […]

By Greg Meckbach | April 23, 2020

2 min read

Alberta investigating COVID 19 outbreaks at two major beef processing plants

EDMONTON – Alberta has launched workplace safety investigations into two beef processing plants afflicted with COVID-19 outbreaks. Shawn McLeod, deputy minister of Alberta Labour, said there are probes underway at the Cargill plant near High River and at the JBS Canada facility near Brooks. “These investigations are looking at the circumstances surrounding potential exposure of […]

By Greg Meckbach | April 23, 2020

2 min read

What you need to know about clients changing production

A company that makes sweaters can’t flip a switch the next day and start making hospital gowns for frontline healthcare workers before working through important insurance considerations, according to experts. If you have a client looking to shift production — be it a craft beer company now making hand sanitizer, a hotel now providing lodging […]

By Adam Malik | April 21, 2020

3 min read