Topic Quebec
Quebec class-action request filed on behalf of alleged victims of ex-hockey coach
September 2, 2020 by Morgan Lowrie - THE CANADIAN PRESSMONTREAL – A Quebec law firm is launching a $10-million class-action lawsuit on behalf of the alleged victims of a former Montreal police officer and hockey coach who died awaiting trial on sex-related charges. The request for authorization filed Tuesday…
What could happen when carriers disagree over commercial property pandemic exclusions
August 31, 2020 by Greg MeckbachWith commercial insurers adding pandemic exclusions to property and business interruption, it can be difficult to place a risk with multiple insurers unless they agree on what that exclusion should look like, a Quebec broker suggests. Some clients, especially during…
What is the future of ridesharing insurance in Canada?
August 27, 2020 by Jason ContantOnce autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public…
How a cyberattack on a Canadian insurance courier affected brokers and carriers
August 26, 2020 by Jason ContantSome Canadian brokerages and insurers recently experienced delays in mail pick-up and delivery after a prominent courier service for the Canadian insurance industry suffered a cyberattack. ICS Courier confirmed in a message on its website Monday that it was the…
How possible is a hybrid insurance model for the sharing economy?
August 24, 2020 by Jason ContantBeing able to distinguish between personal and commercial usage is one of the biggest unique differences with underwriting for the sharing economy, but the abundance of data available makes a hybrid insurance model possible, Economical Insurance said recently. “You can…
Economical to take over commercial ridesharing insurance coverage from Intact
August 21, 2020 by Jason ContantEconomical Insurance will replace Intact Insurance as the commercial auto insurer for Uber in four Canadian provinces effective Sept. 1. Waterloo, Ont.-based Economical announced Tuesday in a press release the “new and significant relationship with Uber in Canada, designed to…
What back to the office looks like for Canadian brokerages
August 20, 2020 by Jason ContantAs businesses across the country continue their staged approach to reopening in the wake of the novel coronavirus pandemic, many brokerages are looking at what this “new normal” means for their company and staff. Some brokerages plan to reopen in…
U.S. wholesale broker expands into Canada with acquisition of SUM
August 11, 2020 by Jason ContantA United States-based national wholesale insurance broker has acquired Strategic Underwriting Managers, Inc. (SUM), a Canadian managing general agency for property, casualty and other specialty insurance products. Boston-headquartered wholesale broker, program manager, and insurance aggregator One80 Intermediaries announced the acquisition…
Isaias downgraded from tropical storm as it blows through Quebec
August 5, 2020 by The Canadian PressMONTREAL — Environment Canada says Isaias has been downgraded from a tropical storm, but tens of thousands of people across southern Quebec are still in the dark due to power outages it caused. The agency says maximum sustained winds now…
How high cat losses could go this year
August 4, 2020 by Adam MalikAlberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come…
New 250 person public gathering limit fairly low risk: Quebec health official
August 4, 2020 by Morgan Lowrie - THE CANADIAN PRESSMONTREAL – The decision to allow public gatherings of up to 250 people comes with a relatively low risk of COVID-19 transmission compared to other riskier social activities, Quebec’s public health director said Monday. Dr. Horacio Arruda said there weren’t…
Tropical storm Isaias expected to bring heavy rain, wind gusts to eastern Canada
August 4, 2020 by THE CANADIAN PRESSHALIFAX – A tropical storm that has lashed parts of the eastern United States should be diminished in strength by the time it reaches eastern Canada, the Canadian Hurricane Centre says. Centre forecaster Chris Fogarty said that Isaias was on…