Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and the sector’s risks. Even before COVID-19, insurers globally were …
Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters. Lipman assumes the role of AIF from Lisa Duval, who took the position last year on an interim basis and now returns to …
A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are wrongfully refusing to honor their contracts,” said E.F. Anthony …
