Risk
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
2 min read
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 The Canadian Press | 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
3 min read
How will underwriters assess your organization’s commercial property risk? A guide to help risk managers avoid renewal surprises in a tough market environment
By Greg Meckbach, Associate Editor | April 1, 2020
9 min read
TORONTO – Enterprise Holdings Inc. says it will suspend its carsharing service starting Friday because of the coronavirus pandemic. The car rental agency says that its CarShare program will close indefinitely to “ensure the safety of our community.” The service allows customers to remotely rent vehicles scattered about cities for short periods, making it difficult […]
By Jason Contant | March 26, 2020
1 min read
TORONTO – The two-pronged battle to contain the spread of COVID-19 while inoculating the economy saw governments on Tuesday rush to ease financial hardship amid massive job losses even as they tightened restrictions that could last for weeks. With large swaths of normal work and recreational life grinding to a halt and the health system […]
By Jason Contant | March 24, 2020
4 min read
CALGARY – The City of Calgary is in a local state of emergency to help fight the spread of COVID-19. Downtown streets were mostly empty Monday and traffic was light as many Calgarians heeded public warnings about the novel coronavirus and decided to work from home. Calgary Mayor Naheed Nenshi declared the state of emergency […]
By Greg Meckbach | March 16, 2020
Improper installation of pipes and connections is one of the biggest risks your clients face when it comes to water losses, Northbridge Insurance suggests. “Most water damage losses occur as a result of faulty workmanship. If contractors improperly install pipes and connections, it isn’t always obvious; it can take weeks or months before an issue […]
By Greg Meckbach | March 10, 2020
Ontario’s new flooding strategy is focusing on increasing public awareness and preparedness, but it’s not clear if it will come with any new funding. Natural Resources Minister John Yakabuski announced in Minden, Ont., that the strategy builds on the recommendations from a report last year on spring flooding that saw 23 municipalities and one First […]
By Jason Contant | March 9, 2020
OTTAWA – The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak. The central bank said Wednesday that it cut its target for the overnight rate […]
By Jason Contant | March 4, 2020
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