Risk
Brokers and their commercial business clients returning to the office after a long shutdown may want to think twice before drinking the tap water. Business shutdowns affecting commercial property as a result of the coronavirus mean less water is running through the fresh water pipes, a study recently published by Purdue University points out. “As […]
By Greg Meckbach | April 29, 2020
2 min read
MONTREAL – Premier Francois Legault says most Quebec stores as well as companies operating in construction and manufacturing will gradually be allowed to reopen in the coming weeks. Under the plan, stores outside Montreal can reopen next Monday while those in the greater Montreal region will reopen May 11. Stores in shopping malls will remain […]
By Greg Meckbach | April 28, 2020
Federal officials long focused on nationwide efforts to address the COVID-19 pandemic began to adopt more regional approaches on Friday, acknowledging not all parts of the country are experiencing the outbreak with equal force. Prime Minister Justin Trudeau announced economic measures specifically geared towards Newfoundland and Labrador and the country’s western provinces, including a $1.7 […]
By Jason Contant | April 17, 2020
4 min read
Crisis standards of care (CSC) plans should be developed before a disaster such as COVID-19 strikes, but they can be fine-tuned even in the midst of the crisis, a senior risk management consultant said recently. CSC is when healthcare systems, which already operate at or near capacity in Canada and other countries around the world, […]
By Jason Contant | April 16, 2020
3 min read
By clustering suppliers in a region, a single event like COVID-19 can have an even broader impact than typically expected, a Zurich Canada executive said recently. “One of the things that businesses can do is look at where they have clustered their supplies and their suppliers,” Chris Snider, property risk services manager and interim head […]
By Jason Contant | April 15, 2020
HALIFAX – Though international shipping lanes and Canada’s major ports remain open for business, the COVID-19 pandemic is making life miserable for many seafarers. Under the latest rules, Canadian crews aboard most Canadian-flagged cargo vessels have agreed not to leave their ships when they arrive at their destinations, which means they can be restricted to […]
By Jason Contant | April 9, 2020
If your clients are temporarily closing because of the COVID-19 pandemic, this might be a good time for them to undertake some repairs and let the fire department know they are reducing on-site staff, advises commercial insurer FM Global. “Countless companies across many industries have paused operations around the world in what has been billed […]
By Greg Meckbach | April 8, 2020
TORONTO – The head of the Royal Bank of Canada is warning the economic recovery from the COVID-19 pandemic will likely be slower and more uneven than originally thought. CEO Dave McKay said Wednesday that the depths of the challenge are becoming more clear and that governments and institutions are going to have to plan […]
By Jason Contant | April 8, 2020
TORONTO – An already grim economic and employment toll looked set to worsen Thursday as authorities pondered further tightening restrictions on people and businesses aimed at curbing the spread of the COVID-19 pandemic. Prime Minister Justin Trudeau said too many Canadians were still going out needlessly, potentially spreading the coronavirus and putting health-care workers at […]
By Jason Contant | April 2, 2020
How will underwriters assess your organization’s commercial property risk? A guide to help risk managers avoid renewal surprises in a tough market environment
April 1, 2020
9 min read
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