Keyword
Quebec
Why Wawanesa doubled down on the broker channel
August 8, 2018 by Jason ContantWawanesa Mutual Insurance Company’s recent decision to sell exclusively through independent brokers in Quebec was prompted in part by Bill 141, which requires brokerages to have at least three distribution agreements in place for personal lines with insurers that are…
How Quebec’s largest insurance brokerage just got larger
August 8, 2018 by David GambrillQuebec’s largest insurance brokerage, Lussier Dale Parizeau, just got larger with the acquisition of Trinome Conseils. Trinome Conseils assists companies, associations and groups at the provincial and national levels with group insurance, pension plans, occupational health and safety, human resources…
Wawanesa to discontinue direct channel, sell exclusively through brokers in Quebec
August 1, 2018 by Jason ContantWawanesa Mutual Insurance Company announced Wednesday that that it will sell its insurance products exclusively through independent Quebec insurance brokers, discontinuing direct sales to customers in the province. With this move, Wawanesa will be selling solely through brokers in all…
Quebec places number on brokerage distribution agreements with insurers
June 18, 2018 by Jason ContantThe Quebec National Assembly has adopted Bill 141, which will require brokerages in the province to have at least three distribution agreements in place for personal lines with insurers “that are not in the same financial group.” Hypothetically, brokerages could…
May windstorm largest insured event in Ontario in five years: CatIQ
June 1, 2018 by Jason ContantThe early May windstorm that struck Ontario and parts of Quebec topped $410 million, the costliest insured event since the 2013 Toronto floods, Catastrophe Indices and Quantification Inc. (CatIQ) said Friday. The majority of the damage from the windstorm –…
Province sees flurry of P&C insurance legislation
May 17, 2018 by Jason ContantQuebec is seeing several proposed legislative changes that will – or could – impact property and casualty insurance in the province, the Insurance Bureau of Canada’s (IBC) director of communications and public affairs told Canadian Underwriter Thursday. Pierre Babinsky was…
Ontario, Quebec wind storm to test industry capacity: Crawford
May 8, 2018 by Jason ContantThe wind storm that struck Ontario and Quebec on May 4 and 5 will significantly test the capacity of insurers, independent adjusters, call centres and restoration contractors, Crawford and Company (Canada) Inc. told Canadian Underwriter Monday. Generally speaking, wind claims…
Emergency system fails first test in Quebec
May 7, 2018 Peter Rakobowchuk and Terry Pedwell - THE CANADIAN PRESSQUEBEC – A glitch in the new national public alert system for mobile devices affected the entire province of Quebec on Monday, said a CRTC spokeswoman. The problem did not originate with cellphone service providers but appears to have occurred…
Early April storm in Ontario, Quebec causes $85 million in insured damage
April 30, 2018 by Jason ContantA windstorm in early April is estimated to have cost insurers more than $85 million, mostly from home insurance claims in Ontario, according to Catastrophe Indices and Quantification Inc. (CatIQ). The April 4-5 storm brought severe rain and freezing rain,…
Aviva just embedded earthquake coverage into B.C. home policies. Quebec could be next.
April 12, 2018 by Jason ContantAviva Canada is embedding earthquake coverage in all of its homeowner and tenant insurance policies in British Columbia, coverage that is typically offered as an endorsement. The insurer is also conducting a needs analysis to determine if it will introduce the…
Southwestern Ontario storm that flooded Brantford cost insurers $57 million
March 20, 2018 by Jason ContantA February storm that affected Brantford, Ont., as well as other areas of southwestern Ontario and Quebec, is estimated to have cost more than $57 million in insured damaged, Catastrophe Indices and Quantification Inc. (CatIQ) said Tuesday. Between Feb. 19…
January winter storm largely battered one province
March 8, 2018 by Jason ContantA winter storm in central and eastern Canada at the beginning of the year caused more than $54 million in insured damage, with the majority of damage being in Quebec, Catastrophe Indices and Quantification Inc. (CatIQ) reported Thursday. Of the…