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Professional Services

THREE QUARTERS OF WORKERS WANT THE CHOICE TO WORK FROM HOME AFTER LOCKDOWN

Posted in Coronavirus, Employment, Health & Safety, Industry Trends, Newsworthy, Professional Services

THREE QUARTERS OF WORKERS WANT THE CHOICE TO WORK FROM HOME AFTER LOCKDOWN

Seventy-seven percent of the workforce say they want to continue to work from home, at least weekly, when the pandemic is over. That represents a 132 percent increase over those who did so before COVID-19. These and other findings from the Global Work-from-Home Experience Survey, which claims to be the largest post-COVID survey on the topic to date, will lead to profound changes in office space needs, workplace design, workforce policies and practices, and employer, employee, and environmental...

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PARCEL MANAGEMENT IN CANADIAN MULTI-RESIDENTIAL BUILDINGS

Posted in Coronavirus, Health & Safety, Industry Trends, New Products, Newsworthy, Professional Services, Security

PARCEL MANAGEMENT IN CANADIAN MULTI-RESIDENTIAL BUILDINGS

The Lay of the Land: A Solution to the Problem with Canadian Parcel Delivery Management in Apartments and Condominiums  Canada is witnessing an explosion in the number of deliveries to residents in multi-residential buildings. This growth is due to e-commerce (online) purchases and now COVID-19 have pushed some parcel delivery companies to see a 30% surge in volumes in March 2020. While the success of e-commerce has its advantages, problems are arising due to the sheer amount of parcel...

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YOUR COMPLETE GUIDE TO PREPARING FOR A RETURN TO YOUR OFFICES

Posted in Coronavirus, Employment, Health & Safety, Industry Trends, Newsworthy, Professional Services

YOUR COMPLETE GUIDE TO PREPARING FOR A RETURN TO YOUR OFFICES

Business continuity plans should consider four main areas while preparing for the P&C industry workforce to return to work in an office setting, KPMG told Canadian Underwriter in an interview Friday. These four areas include: Identifying the people responsible for planning the return to work Taking into account employees’ physical and mental health Readying the workplace facilities for social distancing Developing a COVID-19 infection or contagion response plan. Where we are at now...

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HOW TO MANAGE THE IMMEDIATE COVID-19 FALLOUT WHILE PREPARING FOR A POST-PANDEMIC FUTURE

Posted in Coronavirus, Industry Trends, Insurance, Newsworthy, Professional Services

HOW TO MANAGE THE IMMEDIATE COVID-19 FALLOUT WHILE PREPARING FOR A POST-PANDEMIC FUTURE

Industry leaders should begin preparing right now for the post-pandemic business environment, while still managing the immediate fallout of COVID-19, two partners of a strategy consulting firm said recently. This includes spending time envisioning the future, developing a strategy to “walk back” the envisioned future to today, being prepared to learn and pivot, and rallying your team around the vision. Business leaders (including those in the insurance industry) are scrambling to react to how...

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FAIRFAX PREDICTS COURT’S REACTION TO LEGISLATED RETROACTIVE BI POLICY CHANGES

Posted in Coronavirus, Finance, Industry Trends, Insurance, Newsworthy, Professional Services

FAIRFAX PREDICTS COURT’S REACTION TO LEGISLATED RETROACTIVE BI POLICY CHANGES

If laws get passed retroactively changing business interruption policy wording so that pandemic losses now get covered, insurers will likely launch legal challenges that will be looked at by high court judges, Fairfax Financial CEO Prem Watsa suggests. During Fairfax’s annual general meeting April 16, a shareholder asked company officials what impact the COVID-19 pandemic will have on specific commercial lines such as business interruption. “A big headline issue I would say with the insurance...

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WHAT WILL THE NEXT FEW MONTHS LOOK LIKE FOR THE RENTAL MARKET IN CANADA?

Posted in Coronavirus, Finance, Industry Trends, Newsworthy, Professional Services, Rental Rates, Vacancy Rates

WHAT WILL THE NEXT FEW MONTHS LOOK LIKE FOR THE RENTAL MARKET IN CANADA?

The average rent for all properties in Canada increased 1 per cent in March over February to $1,842, but decreased by 1.2 per cent annually, according to the monthly National Rent Report from Rentals.ca and Bullpen Research & Consulting. Uncertainty rules the rental market as the coronavirus pandemic plays out, but one good bet is that average monthly rental rates will decline in the next few months. By how much could depend on some variables including: how many will be laid off, lose...

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HOW MOM-AND-POP LANDLORDS ARE COPING WITH THE PANDEMIC

Posted in Coronavirus, Employment, Finance, Housing, Industry Trends, Payments Processing, Professional Services, Rental Rates

HOW MOM-AND-POP LANDLORDS ARE COPING WITH THE PANDEMIC

Thousands of tenants across the city weren’t able to pay their rent this month due to layoffs and lost work. Some mom-and-pop landlords are sympathetic: they, too are facing reduced incomes. In many cases, they can’t pay their own bills and are confronting the possibility of losing their properties. We spoke to a few about how they’re adapting to the new reality. Jeanne-Marie Robillard, 58, communications director “I’ve been a landlord for 27 years. I own a triplex with my husband, Mark...

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SHOULD INSURERS BE FORCED TO COVER BUSINESSES FOR COVID RELATED LOSSES?

Posted in Coronavirus, Finance, Industry Trends, Insurance, Newsworthy, Professional Services

SHOULD INSURERS BE FORCED TO COVER BUSINESSES FOR COVID RELATED LOSSES?

A Regina-based law firm has issued a national class action against indemnity insurers in Canada that are not paying business owners for losses accumulated due to the COVID-19 pandemic. Tony Merchant, the principal lawyer of Merchant Law Group, says the action names the 10 largest providers of insurance in Saskatchewan and Canada, including Desjardins Financial Security Life Assurance Company and Co-Operators General Insurance Company. As of Friday, the class action has few plaintiffs, but...

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UPDATED LIST OF ESSENTIAL BUSINESSES IN ONTARIO

Posted in Coronavirus, Employment, Health & Safety, Industry Trends, Legislation, Media Releases, Ministry Of Labour, Newsworthy, Professional Services

UPDATED LIST OF ESSENTIAL BUSINESSES IN ONTARIO

Following advice from Ontario’s Chief Medical Officer of Health, on April 3, 2020, Ontario updated the list of essential businesses that can remain open. The restrictions are aimed at further reducing contact between people and stopping the spread of COVID-19. By 11:59 p.m. Saturday, April 4, 2020, businesses that are not identified on this list must close their physical locations. For the purposes of this order, businesses include any for-profit, non-profit or other entity providing the goods...

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RENTAL MANAGEMENT BUSINESSES CAN STAY OPEN IN ONTARIO

Posted in Bylaws / Regulations, Coronavirus, Employment, Industry Trends, Legislation, Newsworthy, Professional Services

RENTAL MANAGEMENT BUSINESSES CAN STAY OPEN IN ONTARIO

On March 23, the Ontario Government announced the mandatory shutdown of workplaces not deemed to be essential. Rental management has been deemed to be essential. Therefore, rental management businesses are legally allowed to continue their operations and keep their offices open for their employees. However, that does NOT mean they should conduct business as was usual before Covid-19. ALL businesses should minimize in-person contact as much as possible, including operating by telephone or over...

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