Industry
Intact Financial Corp. is responding to the COVID-19 pandemic by dropping commercial premiums, in some cases, if it finds the client’s risk has gone down. “We are adjusting risk profiles for customers where it might lead to premium relief,” Intact CEO Charles Brindamour said during a virtual fireside chat with Mario Mendonca, managing director of […]
By Greg Meckbach | March 31, 2020
2 min read
Canadian brokers assess the current market in commercial lines, noting the contrast with what’s happening in personal lines
By By Sarah Cunningham-Scharf | March 30, 2020
6 min read
One mutual insurance company has decided to stop charging short-rate cancellation fees during the coronavirus (COVID-19) pandemic. “We have removed the short-rate penalty in all circumstances during this pandemic,” Enrico Mastrangeli, vice president of distribution and member innovation with The Commonwell Mutual Insurance Group, told Canadian Underwriter Monday. “This applies to all lines of business: […]
By Jason Contant | March 30, 2020
3 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. Authors: Dror Etzion, Associate Professor, Strategy and Organizations, McGill University; Bernard Forgues, Professor of organization theory, EM Lyon, and Emmanuel Kypraios, Assistant Professor in Management, School […]
4 min read
Are Canadian dentists covered for business interruption or commercial liability arising from the COVID-19 pandemic? That is open to question right now for some existing policies. What seems clear is that if a dentist wants to buy a new policy through CDSPI, it will exclude pandemic. Toronto-based CDSPI, originally known as Canadian Dental Service Plans […]
By Greg Meckbach | March 26, 2020
The COVID-19 pandemic sweeping across the globe and here at home is changing the way auto insurance transactions are conducted in British Columbia. Last week, the government of British Columbia announced it would allow certain auto insurance transactions, such as vehicle insurance renewals, by phone and email. Normally to complete an Insurance Corporation of B.C. […]
By Jason Contant | March 25, 2020
Canada’s national broker association issued an open letter to its insurer partners this week, recommending flexible payment options and emergency coverage extensions for clients in need, as well as support for single-office brokerages disabled by an outbreak of COVID-19 requiring staff isolation. “It has become clear that this pandemic is presenting both a health crisis, […]
By David Gambrill | March 25, 2020
FREDERICTON – New Brunswick’s premier says his government will do what’s necessary to protect citizens if there is spring flooding while the COVID-19 crisis is still underway, and that could mean calling in the military. “We’re watching it very closely and currently we’ve had melting conditions that are like a typical March. We hope that […]
Brokerages negotiating a merger or acquisition don’t have to stop because of the COVID-19 pandemic, a Canadian M&A advisor suggests. “A good deal can get done. I suspect it may take a bit longer,” said Georges Pigeon (pictured), Montreal-based deal advisory partner with KPMG Canada who has led more than 100 mergers and acquisitions in […]
By Greg Meckbach | March 24, 2020
Most Desjardins agency offices are now dealing with customers over the phone and Internet, while CAA Club Group has closed its Ontario stores due to the COVID-19 pandemic. “Desjardins agents are continuing to focus on servicing our clients,” a spokesperson for Desjardins Group, Canada’s third-largest property and casualty insurer, told Canadian Underwriter Friday. “They can […]
By Greg Meckbach | March 23, 2020
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