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La Garantie remet 10 000 $ au fonds « secours pour les inondations printanières » de la Croix-Rouge canadienne

May 10, 2017 by Linda Domenichini

Toronto (Ontario), 11 mai 2017 – En raison des inondations causées par les précipitations abondantes et persistantes, certaines régions du Québec et de l’Ontario ont récemment déclaré l’état d’urgence et La Garantie, Compagnie d’Assurance de l’Amérique du Nord (La Garantie) a tenu à

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The Guarantee Supports the Canadian Red Cross Spring Floods Appeal with a $10,000 donation

May 10, 2017 by Linda Domenichini

Toronto, ON, May 11, 2017 – With flooding caused by persistent rains having recently escalated into a state of emergency in areas of Quebec and Ontario, The Guarantee Company of North America (The Guarantee) responds with support to the Canadian

News CatastrophesInsuranceMarkets / Coverages

ICLR holding 2017 hurricane season forecast webinar on May 30

May 10, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) is holding a webinar on May 30 that will discuss a forecast of the 2017 hurricane season. Bob Robichaud, warning preparedness meteorologist for the Canadian Hurricane Centre, will be part of the interactive

News Commercial LinesInsuranceMergers and AcquisitionsPersonal LinesProfessional Development

McFarlan Rowlands Insurance Brokers announces acquisition of Callister Musico Insurance Group

May 10, 2017 by Canadian Underwriter

London, Ont.-based McFarlan Rowlands Insurance Brokers announced on Wednesday that it will acquire Callister Musico Insurance Group of Sarnia, Ont. Located at 1315 Michigan Ave. in Sarnia, the Callister Musico office will become McFarlan Rowlands’ 15th branch in Ontario, allowing

News InsuranceMarkets / CoveragesPersonal Lines

Q1 claims and claims expense ratio improved 5.6 points for Allstate

May 10, 2017 by Canadian Underwriter

For the second year in a row, hail in Texas in March has cost The Allstate Corp. millions of dollars in claims and claims expenses. Northbrook, Ill.-based Allstate released May 2 its financial results for the first three months of

News Commercial LinesInsuranceMarkets / CoveragesMergers and AcquisitionsProducts

Northbridge Financial Corporation purchases surety underwriting business of Fenchurch General Insurance Company

May 10, 2017 by Canadian Underwriter

Toronto-based commercial P&C insurer Northbridge Financial Corporation announced on Tuesday that it will enter the surety market in Canada by purchasing the surety underwriting business of Fenchurch General Insurance Company. Starting June 1, businesses across Canada will have access to

News CatastrophesCommercial LinesInsuranceMarkets / Coverages

Husky resumes cleanup after major oil spill in Saskatchewan last summer

May 10, 2017 Jennifer Graham - THE CANADIAN PRESS

REGINA – Husky Energy is going to see how much more oil – if any – can be cleaned up from a major spill last July along the North Saskatchewan River. The company has started more shoreline cleanup and assessment

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CAFO Reaching Out to Flood Victims

May 10, 2017 by CAFO

CAFO is committed to helping people and businesses impacted by the flooding in Quebec and Ontario. We urge brokers and insureds to contact CAFO to discuss their evolving needs during this emergency. We are working with brokers and insureds alike to waive late fees

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesProductsTechnology

Documents show many cities are wary of mapping flood risks, making data public

May 9, 2017 Jordan Press - THE CANADIAN PRESS

OTTAWA – When municipal officials were told last year about new tools to help them map the risk of flooding in their communities, they immediately raised red flags, suggesting they wanted no part of it over concerns about legal liability

News InsuranceLegislation / RegulationPersonal Lines

Ontario Chamber of Commerce endorses major changes to auto insurance rate regulation

May 9, 2017 by Canadian Underwriter

The Ontario Chamber of Commerce (OCC) is calling on the provincial government to put an end to its existing auto rate filing system, a system the chamber describes as “one of the most costly, onerous, and restrictive in North America.”

News CatastrophesCommercial LinesEarnings / RatingsInsuranceReinsurance

Q1 revenues up 5% at Aon

May 9, 2017 by Canadian Underwriter

Aon plc reported Tuesday its commercial risk solutions revenue of $984 million in the three months ending March 31, up 2% from $961 million during the same period in 2016, while net income, company wide, dropped 9% due in part

News CatastrophesInsuranceMarkets / CoveragesPersonal Lines

Flooding in Ontario and Quebec in April and May estimated to cost “well into the millions” in U.S. dollars: Aon Benfield

May 9, 2017 by Canadian Underwriter

Flooding in multiple communities in southern Ontario and Quebec in April and into May is estimated to cost “well into the millions of dollars (USD)” in economic losses, Impact Forecasting said on Tuesday in its Global Catastrophe Recap report for