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Smoke from fires in northwestern Ontario prompts evacuation of First Nation members

August 15, 2017 The Canadian Press (CPSTF)

Smoke from a growing number of forest fires in northwestern Ontario has prompted the evacuation of community members from a First Nation in the region. Ontario’s Ministry of Community Safety and Correctional Services says members of the Nibinamik First Nation

News CatastrophesClimate ChangeInsurance

2016 was the warmest year on record for the globe, Canadian Prairies experienced one of the “longest and most active storm seasons”: report

August 11, 2017 by Canadian Underwriter

Last year topped 2015 as the warmest year in 137 years of record keeping and marked the third consecutive year of record warmth, the National Oceanic and Atmospheric Administration (NOAA) reported on Thursday. The 27th annual State of the Climate

News CatastrophesInsuranceMarkets / CoveragesMergers and AqcuisitionsProductsReinsuranceTechnology

CatIQ enters into agreement with Impact Forecasting to use cat event flood response footprints for Canada

August 11, 2017 Jason Contant, Online Editor

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) announced that they have entered into an agreement whereby Impact Forecasting’s cat event response flood footprints for Canada will be made available as a layer on CatIQ’s CatHUB module. “Aon Impact Forecasting’s Canadian

News InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

With marijuana legalization impending, now is not the time to lower the legal alcohol limit, CAA-Quebec argues

August 9, 2017 by Canadian Underwriter

The federal government’s proposal to explore lowering the legal alcohol limit for drivers in a bid to improve road safety is “commendable,” but with cannabis due to be legalized in less than a year, now is not the right time

News InsuranceLegalLegislation / RegulationMarkets / Coverages

Federal justice minister seeks to beef up blood/alcohol levels for drivers

August 8, 2017 The Canadian Press (CPSTF)

OTTAWA – Federal Justice Minister Jody Wilson-Raybould is considering lowering the legal alcohol limit for licensed drivers, according to a letter she sent to her Quebec counterpart. In the correspondence to Stephanie Vallee dated on May 23, Wilson-Raybould suggests lowering

News InsuranceMergers and AqcuisitionsProfessional Development

Hub International purchases “certain assets” of Quebec surety broker

August 8, 2017 by Canadian Underwriter

Chicago, Ill.-based Hub International Limited announced on Monday that Hub Quebec has purchased “certain assets” from Patrice Varin, through a corporation held by him. Terms of the acquisition were not disclosed. Varin will join Hub Quebec, bringing with him a

News ConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Arthur J. Gallagher gains presence in Quebec with acquisition of GPL Assurance Inc.

August 4, 2017 by Canadian Underwriter

Arthur J. Gallagher (AJG) announced late Thursday that it has “extended its investment in Canada and further diversified it geographic presence” with the acquisition of retail insurance broker GPL Assurance Inc. in Quebec. Terms of the transaction were not disclosed. Established

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Intact has yet to see ‘full impact’ of 2016 change to Ontario auto catastrophic impairment criteria

August 3, 2017 by Canadian Underwriter

It has been more than a year since Ontario changed its criteria for catastrophic impairment and reduced the mandatory coverage for accident benefits, but the “long tail profile” of accident benefits claims means the Ontario reforms “have not fully been

News Earnings / RatingsInsuranceMarkets / Coverages

RSA reports combined ratio of 94.8% for first half of 2017 in Canada ‘despite higher large losses’

August 2, 2017 by Canadian Underwriter

RSA Insurance Group plc reported Wednesday that its net premiums written in Canada during the six months ending June 30 were 5% higher, on a constant rate of exchange basis, than in the same period in 2016. Meanwhile, in Canada,

News InsuranceMergers and Aqcuisitions

Two Quebec brokerages merge to “create a powerhouse and ensure better positioning in the Quebec City region”

August 1, 2017 by Canadian Underwriter

Quebec brokerage ESSOR Assurances announced on Tuesday that it has teamed up with brokerage Généralys assurance to “create a powerhouse and ensure better positioning in the Quebec City region.” Généralys assurance is one of the largest insurance brokers in home,

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Lack of safety management systems found in “numerous” marine, aviation accident investigations: TSB

July 24, 2017 by Canadian Underwriter

Fifteen years after four passengers drowned in an accident aboard an amphibious sightseeing vehicle across the Ottawa River from the nation’s capital, the Transportation Safety Board of Canada warned Thursday that there has “been only limited progress” on expanding the

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Canadians evacuated from homes after a wildfire can expect to suffer $11,300 in financial losses: Square One Insurance

July 6, 2017 by Canadian Underwriter

Canadians evacuated from their homes because of wildfires can expect to suffer an average of $11,300 in financial losses, a recent study from Square One Insurance Services Inc. has found. Those with home insurance can recover most, but not all,