Topic Quebec
What’s the best way to increase earthquake insurance take-up in Quebec?
February 8, 2023 by Jason ContantThe best way to get consumers to buy earthquake insurance in provinces like Quebec is to find a balance between highlighting the benefits of early intervention and not making the narrative too scary, a research social scientist told delegates at…
What’s next for Wawanesa after senior executive shuffle?
January 30, 2023 by Jason ContantAs Wawanesa Mutual Insurance Company changes its leadership structure with the appointment of three industry professionals to more senior leadership roles, industry veteran Carol Jardine — currently the insurer’s president of Canadian P&C operations — is also set to retire…
Wawanesa appoints two industry veterans to new leadership roles
January 26, 2023 by Jason ContantWawanesa Mutual Insurance Company has changed the leadership structure of its Canadian operations with the appointment of industry professionals Anna McCrindell and Graham Haigh to senior vice president and chief operating officer roles. As SVP & COO – East, McCrindell…
How Canada’s insured cat losses stack up globally
January 25, 2023 by Alyssa DiSabatinoSevere weather made 2022 the third costliest year on record for Canadian insurers, and the fifth costliest year globally, said a report this week from Aon. These events point to a severe gap in insurance protection in some parts of…
Police continue to probe fatal blast at Quebec propane company
January 18, 2023 by Morgan Lowrie - THE CANADIAN PRESSMONTREAL – The investigation into the causes of a fatal blast at a propane company north of Montreal could be long and complex, police said Tuesday after three bodies were found at the site. Officials are dealing with a “vast”…
Where 2022 tallies for insured damages in Canada
January 18, 2023 by Canadian Underwriter StaffSevere weather events in 2022 gave Canada its third worst year for insured damage in the country’s history. Insured damage for severe weather events across Canada hit $3.1 billion last year, the third-highest total of NatCat losses in the nation’s…
Intact reveals fourth quarter catastrophe loss estimate
January 12, 2023 by Alyssa DiSabatinoIntact’s Canadian segment experienced an estimated $77 million, pre-tax, in catastrophe losses during the last quarter of 2022, the company said in a report. That figure is below the previous year’s fourth quarter losses. The Canadian cat losses were mostly…
How much did December’s ‘bomb cyclone’ cost Canadian insurers?
January 5, 2023 by Jason ContantThe ‘bomb cyclone’ that ripped through eastern Canada during the holiday season has been declared a catastrophe, Catastrophe Indices and Quantification Inc. (CatIQ) confirmed to Canadian Underwriter Thursday. The winter storm brought heavy snowfall, strong winds and blizzard conditions to…
Quebec court says Canadian Pacific Railway not liable in Lac-Megantic train crash
December 22, 2022 by Marisela Amador - THE CANADIAN PRESSMONTREAL – A Quebec Superior Court judge has found that Canadian Pacific Railway was not liable in the 2013 railway disaster that killed 47 people in Lac-Megantic, Que. Justice Martin Bureau ruled Wednesday that the actions the railway company was…
Meet WTW’s new corporate risk and broking leader for Montréal
December 6, 2022 by David GambrillSimon Castonguay has been named WTW’s corporate risk and broking market leader for Montréal, the brokerage announced Tuesday. He will be responsible for overall business strategy and client service in the region. Also, he will be a member of the…
Which insured perils are of most concern to your clients?
December 5, 2022 by David GambrillWinter storms and severe rain or flooding events top the list of insured perils concerning Canadians, according to a new Angus Reid poll commissioned by First Onsite Property Restoration. Nationally, concern about winter storms (67%) edged out worries about severe…
What makes the current claims environment so challenging?
December 2, 2022 by Philip PoradoA convergence of global factors will cause above-average levels of claims inflation for the foreseeable future. Claims professionals who spoke with Canadian Underwriter said multiple market-dependent factors – including prolonged COVID-19 lockdowns in China, political instability, labour and materials shortages,…