Operations
Canadian brokers say Prime Minister Justin Trudeau’s announcement Friday of a 75% wage subsidy for small business is definitely good news for their small business clients. However, it remains an open question as to whether a brokerage would actually need to tap into the subsidy. Many provincial governments have deemed brokerages to be essential services, […]
By David Gambrill | March 27, 2020
5 min read
Tech
TORONTO – With the use of web-based video conferences proliferating during the COVID-19 crisis, cyber security experts warn they pose a threat as well as an opportunity in the age of telework. “In the past, we have seen certain teleconferencing applications or service providers being targeted because … they require you to download a piece […]
By Jason Contant | March 27, 2020
3 min read
For broker Stanislav Kojokin of Toronto-based KASE Insurance, getting yourself organized so that you know what your day and the rest of the week is going to look like is the key to success while working from home. Having worked from home for two weeks now as a result of the COVID-19 pandemic, the managing […]
By Adam Malik | March 26, 2020
2 min read
Legal / Regulation
COVID-19 has shifted the Insurance Institute of Canada’s April exam session into the first three weeks of June, a move that affects students taking winter semester courses in the Institute’s Chartered Insurance Professional (CIP), General Insurance Essentials (GIE) and Risk Management programs. Winter semester students who were originally scheduled to write exams in April will […]
By David Gambrill | March 26, 2020
4 min read
Hub International is encouraging corporate clients to report business interruption losses arising from COVID-19 even if they think those claims will likely be denied. “This way, the insurance companies can provide the official response,” said Mike Moyer, Toronto-based senior vice president, complex claims leader, national claims, Canada, at Chicago-based Hub International. “A second reason is, […]
By Greg Meckbach | March 25, 2020
Gillons Insurance has 11 offices throughout Northern Ontario, but several are located in communities with around 1,000 (and sometimes fewer) people. And so closing their doors to walk-in clients is a big deal to people living in the area. In rural communities — Gillons has offices in Emo (population 1,300), Rainy River (population 800), and […]
By Adam Malik | March 25, 2020
The insurance industry will continue to operate as an essential service after Quebec and Ontario issued orders for many companies to close their doors due to the COVID-19 pandemic. And that’s a relief for consumers, brokers and insurers, say industry leaders. Governments in both provinces issued shutdown orders Monday, with Ontario’s to start at 11:59 […]
By Adam Malik | March 24, 2020
Will COVID-19 cause Canada’s property and casualty insurance industry to start introducing pandemic business interruption coverage, in much the same way Calgary’s 2013 floods prompted the industry to introduce overland flood coverage into home insurance policies? Don’t count on it. The epic size and scale of pandemic exposure — not to mention the unique characteristics […]
By David Gambrill | March 24, 2020
Governments have forced restaurants, pubs and similar businesses to offer pick-up and take-out services. But as demand for delivery surges, the question must be asked: Do drivers have proper business insurance coverage? “Anytime you’re using your vehicle for a business purpose, anytime you’re turning your car from a private passenger vehicle into a commercial, money-making […]
By Adam Malik | March 23, 2020
Like many other brokers across the country, Myles Kuharski is still getting used to not having clients drop by the office, or heading out for regular meetings. “That last week was one of the things that [was difficult],” he said in an interview with Canadian Underwriter. “That would be the one thing that I miss. […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
