Keyword
Quebec
Economical Insurance simplifies its business with changes to legal entities
June 6, 2017 by Canadian UnderwriterEconomical Insurance announced on Tuesday that it is “migrating to a simpler legal entity structure while continuing to offer a wide range of products and excellent service to broker partners and customers” as it continues its journey to become a…
Cat claims out West create stress for home insurers, proactive communications can bolster customer satisfaction: J.D. Power
June 6, 2017 by Canadian UnderwriterA spike in major claims resulting in record losses from catastrophic disasters across Canada over the last few years has created significant challenges for insurance carriers in 2017, a situation that has had an impact on customer satisfaction with the…
The Co-operators announces acquisition of Assurance Auclair in Quebec
June 5, 2017 by Canadian UnderwriterThe Co-operators General Insurance Company is looking to further enhance its distribution system in Quebec with the acquisition of Assurance Auclair. The portfolio of the brokerage in Quebec City includes personal and commercial insurance policies, notes a statement Monday from…
Intact Insurance launches my Driving Discount program in Alberta
June 5, 2017 by Canadian UnderwriterGood drivers in Alberta will now have access to an Intact Insurance driving discount program that allows them to save as much as 25% on their auto insurance premiums. The my Driving Discount program uses driving data collected by a…
Source of leaks causing home water damage ‘can go undetected for years,’ warns Allstate
May 29, 2017 by Canadian UnderwriterBurst water pipes are a frequent cause of large claims in Quebec, Allstate Insurance Company of Canada suggested Monday. In a press release, Allstate shared some findings from the Allstate Insurance Safe Homeowners Study. In the study of household incident…
Most Airbnb hosts not registered in Quebec, one year after law took effect
May 29, 2017 Aleksandra Sagan - THE CANADIAN PRESSThe majority of Quebecers who list their properties on Airbnb and other home rental websites are not registering with the province, just over a year since it implemented a law regulating them, new data suggests. The province’s Tourism Department says…
Environment and Climate Change Canada releases technical paper on proposed federal carbon pricing options
May 19, 2017 by Canadian UnderwriterEnvironment and Climate Change Canada (ECCC) has released a technical paper outlining a proposed federal carbon pricing option for provinces that choose not to have their own system in place in 2018. A backgrounder from ECCC referenced the Pan-Canadian approach…
Quebec announces increase in financial assistance for flood victims
May 18, 2017 Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – The amount of financial assistance available for people dealing specifically with the aftermath of heavy flooding this year has been topped up, the Quebec government announced Wednesday. Premier Philippe Couillard told a news conference the province’s preliminary estimates…
Q1 combined ratio ex-MYA 101.6% for Desjardins General Insurance
May 16, 2017 by Canadian UnderwriterDesjardins General Insurance Group reported Thursday an underwriting loss, excluding market yield adjustment, of $17.2 million during the three months ending March 31, while premiums dropped 11% from the same period of last year. Direct premiums written dropped from $1.04…
Quebec premier wants to announce flood compensation changes before end of week
May 16, 2017 The Canadian PressMONTREAL – New rules governing compensation for flood victims could come by the end of the week, Quebec Premier Philippe Couillard said Monday. The government’s current financial aid program isn’t inadequate, but could be improved, the premier told reporters in…
Canadian auto insurance customer satisfaction climbs despite premium increases: J.D. Power study
May 15, 2017 by Canadian UnderwriterCustomer satisfaction with auto insurance in Canada has increased for the second consecutive year despite nationwide premium increases, according to the newly released J.D. Power 2017 Canadian Auto Insurance Satisfaction Study. The study, released on Monday, found that across all…
Rebuilding after disasters should stress safer, better, Goodale says
May 11, 2017 Jordan Press - THE CANADIAN PRESSOTTAWA – As the devastating floodwaters recede in Ontario and Quebec, the key to preventing a similar disaster in future is to avoid making the mistakes that led to problems in the first place, says Public Safety Minister Ralph Goodale.…