Topic Quebec
Hybrid brokerage/agency rebrands following merger
April 18, 2024 by Jason ContantQuebec brokerages PMA Assurances and PMT ROY Assurances et services financiers have merged under the name Ellipse Agence en assurance de dommages inc., creating what the firm is calling the province’s largest damage insurance agency distributing Intact Insurance products exclusively.…
Coroner’s inquest opens into Quebec firefighter flood deaths in May 2023
April 15, 2024 by The Canadian PressA coroner’s inquest is underway into the deaths of two volunteer Quebec firefighters who perished during a flood rescue last May in the Charlevoix region. Coroner Andrée Kronström is hearing from witnesses at the courthouse in La Malbaie, Que., during…
Drought, heat raise risk of repeat of last summer’s record-breaking wildfires
April 10, 2024 by The Canadian PressPersistent drought and months of above-average temperatures have raised the risk of a repeat of last year’s record-breaking wildfires. Federal officials say conditions are already ripe for an early and above-normal fire risk from Quebec all the way to British…
Hurricane season’s on the horizon — are we ready?
April 9, 2024 by Philip PoradoIt won’t be long before June arrives, bringing with it the 2024 hurricane season. That might be a problem for Canada’s adjusters and insurers given many are still managing residual claims from Hurricane Fiona’s 2022 battering of the East coast.…
Spring storm knocks out power to tens of thousands across Quebec, Ontario
April 4, 2024 by The Canadian PressA spring storm across Quebec and Ontario on Thursday knocked out power to tens of thousands of customers, closed schools and blanketed the Montreal area with heavy, wet snow. In Quebec, more than 220,000 homes and businesses had no electricity…
Class-action lawsuit by taxi drivers against Quebec government begins
April 2, 2024 by Jacob Serebrin – The Canadian PressA trial opens Tuesday in a class-action lawsuit accusing the Quebec government of wiping out hundreds of millions of dollars in the value of taxi permits by allowing ride-hailing company Uber to operate and then by abolishing the permit system.…
Desjardins president on why the direct writer expanded into the broker channel
March 28, 2024 by Alyssa DiSabatinoDesjardins’ acquisition of The Insurance Company of Prince Edward Island (ICPEI) will enable the direct writer to diversify its distribution model and expand its national reach, Desjardins General Insurance Group president and chief operating officer Valerie Lavoie tells Canadian Underwriter. …
Regulator streamlines organizational structure
March 22, 2024 by Jason ContantQuebec’s financial services regulator has announced strategic adjustments aimed at streamlining its organizational structure. “The main adjustments put forward will allow the organization to focus on its clientele and the quality of services provided to them,” the Autorité des marchés…
How much P&C insurance underwriters earn in Canada
March 19, 2024 by Alyssa DiSabatinoSenior-level underwriters in Canada may earn as much as $130,000 or more in yearly salary, new research by Impact Recruitment shows. The P&C recruitment agency’s 2024 Insurance Salary Guide details pay ranges for underwriters and their assistants and breaks down compensation…
What commercial and personal lines brokers make in 2024
March 18, 2024 by Alyssa DiSabatinoAcross the country, commercial lines P&C broker executives and commercial lines team leads make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows. The second iteration of Impact’s annual Insurance Salary Guide shows base pay…
How winter storms tally this year compared to last
March 15, 2024 by Alyssa DiSabatinoMaritimers were digging out for days after historic levels of snowfall dropped atop Nova Scotia and P.E.I. in early February. The multi-day storm produced nearly 5 feet of snow in Cape Breton, N.S. Then about two weeks later, Nova Scotians…
Quebec lender ending new mortgages in flood zones. Is insurance next?
March 15, 2024 by Morgan Lowrie - The Canadian PressQUEBEC — Nearly five years after floods raced through hundreds of Quebec communities and forced thousands from their homes, a major lender’s decision to stop issuing new mortgages in flood zones is the latest challenge for cities trying to adapt…