Canadian Underwriter

Topic Quebec

Merger and acquisition business concept
News CommercialCommercial AutoHRInsurersManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoQuebec

MGA acquires Echelon’s surety division

December 11, 2023 by Jason Contant

Montreal-based managing general agency REVAU Advanced Underwriting Inc. has acquired Echelon Insurance’s surety division.  “This acquisition aligns with REVAU’s focus on expanding its existing surety operations across Canada,” the MGA said in a press release Monday. “The teams’ shared values,

Pooling water during heavy rain in Montreal in October.
News CatastrophesClaimsClaims Canada ArchiveEnvironmentalOntarioQuebecSaskatchewan

Climate change battering municipal finances across Canada

December 11, 2023 by Thomas MacDonald - THE CANADIAN PRESS

MONTREAL – The hamlet of Gore, Que., had the foresight to start preparing for more intense annual flooding due to climate change a decade ago. That’s when the rural township 60 kilometres northwest of Montreal began quadrupling the size of

Teamwork and partnership conceptual image - hands of a businessman and businesswoman joining blank matching puzzle pieces over brown background.
News Mergers and AqcuisitionsQuebec

Quebec merger to create second largest brokerage in province

December 8, 2023 by Alyssa DiSabatino

Two Quebec brokerages will be merging to create the “second largest player” in personal and commercial insurance brokering in the province, the companies announced Thursday.   PMT ROY Assurances et services financiers announced its merger with PMA Assurances. The deal

Seismograph Recording an Earthquake Activity on Grid Paper
News B.C.CatastrophesClaimsCommercialInsurersOntarioPersonal HomePropertyQuebec

Where the feds stand with an earthquake backstop

December 7, 2023 by David Gambrill

Canada’s federal government is aware of the need for a government financial backstop for earthquake losses, but the question is, will an earthquake happen before then? Panellists at Canadian Underwriter’s 2024 Economic Outlook webinar Nov. 27 were asked if there

Aerial view of the Laurentian Mountains in Quebec
News ClaimsClaims Canada ArchiveEnvironmentalPersonal HomeQuebec

1,000 homes evacuated in Quebec’s Laurentians region over fears dike could burst

December 4, 2023 by The Canadian Press

MONTREAL – Residents of two municipalities in Quebec’s Laurentians region have been ordered to leave their homes because of the risk a nearby dike could burst. The evacuation order was issued Sunday night for about 1,000 homes near the Kiamika

Row of electric semi trucks at charging stations
News Commercial AutoInsurersQuebecTechnology

Electric truck/bus maker cuts jobs

November 27, 2023 by THE CANADIAN PRESS

MONTREAL – The Lion Electric Co. says it is cutting 150 jobs or about 10% of its total workforce in a move to reduce costs and improve its ability to reach its profitability objectives. Lion Electric chief executive and founder

Trois-Rivières, Quebec
News Business InterruptionCommercialCyberInsurersLegalOperationsQuebecSupply Chain

What worries Canadian businesses about Quebec’s language law

November 22, 2023 by Jason Contant

Quebec’s recently enacted French-language law is causing some Canadian businesses concerns about compliance and even fear of losing employees, a new business risk report from Beazley suggested. Bill 96, An Act respecting French, the official and common language of Québec,

Walking through a burned forest near Lebel-sur-Quevillon, Que.
News ClaimsEnvironmentalPersonal HomeQuebec

Quebec to improve forest fire adaptation after record-breaking wildfire season

November 15, 2023 by The Canadian Press

Quebec’s forest fire prevention agency says the area burned by wildfires this year was greater than the previous 20 years combined. SOPFEU director general Eric Rousseau told reporters today that some 4.5 million hectares of land burned during this year’s

Winter driving on a slippery road
News AlbertaB.C.ClaimsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoQuebecSaskatchewan

Why more Canadian drivers are using winter tires

November 14, 2023 by Jason Contant

Winter tire use in Canada is increasing, with 71% of polled Canadian drivers outside of Quebec now using winter tires, up from 63% in 2022, according to a survey conducted by Leger for the Tire and Rubber Association of Canada

a car alone in a dimly lit parking lot
News AlbertaBrokersClaimsCommercial AutoEmerging RisksInsurersLoss TrendsOntarioPersonal AutoQuebec

The Top 10 stolen cars in Canada

November 14, 2023 by Alyssa DiSabatino

For the second year in a row, the Honda CR-V was the most stolen vehicle in Canada, according to Équité Association.  The auto insurance fraud prevention organization today announced its Top 10 Most Stolen Vehicles in Canada, which now includes

Forest fires cause air quality concerns across Quebec and Ontario
News ClaimsClaims Canada ArchiveEnvironmentalPersonal HomeQuebec

Quebec mayor, 23, resigns mid-mandate due to burnout from managing wildfires 

November 9, 2023 by The Canadian Press

CHAPAIS, Que. – One of Quebec’s youngest mayors announced Wednesday she will be stepping down next week, suffering the effects of burnout from handling last summer’s historic wildfire season in her northern community.   Isabelle Lessard was acclaimed in 2021 as

Online car insurance
News AlbertaBrokersInsurersOntarioPersonal AutoQuebec

Brokerage, carrier partner up to offer digital auto coverage

November 7, 2023 by Jason Contant

Square One Insurance Services and Zurich Canada have partnered to offer personal auto insurance to Ontario drivers, with a Quebec and Alberta rollout planned for early 2024. “What sets this offering apart is our fully digital experience that allows our