Industry
Clients are satisfied with many aspects of their relationship with their broker. Not only do they rate their brokers highly on fulfilling the broker proposition generally, but they also viewed their broker as being above average when placing new business or on policy renewal. Canadian Underwriter canvassed the opinions of 653 Canadians who purchased home […]
By Adam Malik | August 24, 2020
3 min read
About one month into the novel coronavirus pandemic, Joseph Carnevale, president of the Insurance Brokers Association of Ontario (IBAO), made a spirited declaration about the value of an insurance broker. “I think for the longest time, as brokers, we have always promised our clients that we would be there in their time of need,” Carnevale […]
If any of your clients own cottages or seasonal properties with no one living there overnight permanently, you might want to find out if the COVID-19 pandemic has changed the way those properties are used. Robertson Insurance Brokers Ltd. has clients who live in the United States and in Britain who own cottages in Canada […]
By Greg Meckbach | August 21, 2020
2 min read
Whether business interruption coverage for a notifiable human infectious or contagious disease within a certain distance from the client’s premises actually insures closure due to COVID-19 was a hotly contested issue in a British trial that recently wrapped up. The recent test case before the High Court of England and Wales involves 17 business interruption […]
4 min read
Economical Insurance will replace Intact Insurance as the commercial auto insurer for Uber in four Canadian provinces effective Sept. 1. Waterloo, Ont.-based Economical announced Tuesday in a press release the “new and significant relationship with Uber in Canada, designed to provide insurance coverage for every Uber Rides and Uber Eats trip in Alberta, Ontario, Quebec […]
By Jason Contant | August 21, 2020
Brokers and insurers should expect an upswing in cyber insurance demand, if they haven’t seen it already, as the workforce shifts in the wake of the COVID-19 pandemic, a number of reports suggest. Just over a third (34%) expect to return to the office full-time, while 21% expect to be at home permanently, according to […]
By Adam Malik | August 21, 2020
When evaluating unexpected catastrophe risks, our experiences can be sparse. Widening our knowledge by going back in time, by exploring the ‘near-misses’ and by expanding our geographic horizons is critical. Fortunately, big catastrophes are rare. This is good in that it allows an insurer to build up reserves over many years, and for governments to […]
By Adam Malik | August 20, 2020
A hard market in reinsurance is among three main reasons why primary insurance rates will continue to rise for brokers’ clients for at least another year or two, Intact Financial Corp. CEO Charles Brindamour suggests. In a recent virtual fireside chat with UBS analyst Brian Meredith, Brindamour set the stage for his commentary about the […]
By Greg Meckbach | August 20, 2020
There may be fewer instances of under-insurance related to business interruption during the COVID-19 pandemic era, but brokers can’t let the issue of purchasing the right amount of cover to fall off the radar when advising their commercial clients. In business interruption, under-insurance becomes an issue when the co-insurance clause is triggered during a claim, […]
By Adam Malik | August 19, 2020
Just because staff members are not choosing to return the office, that doesn’t mean employers can terminate them, an employment lawyer warned. If P&C organizations or their commercial business clients are culling employees for the wrong reasons, they could be opening themselves up to legal action, added Bill Anderson, Toronto-based partner at law firm Blaney […]
By Adam Malik | August 18, 2020
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