Keyword
Quebec
Too early to confirm costs from flooding in B.C., Ontario, Quebec and Maritimes: Aon
May 11, 2017 by Canadian UnderwriterPersistent recent heavy rainfall falling across several Canadian provinces has led to increasingly rising rivers, streams and lakes this week, as communities “raced to protect from water inundation,” Impact Forecasting said on Thursday in an Aon cat alert. Financial losses…
Flooding in Ontario and Quebec in April and May estimated to cost “well into the millions” in U.S. dollars: Aon Benfield
May 9, 2017 by Canadian UnderwriterFlooding in multiple communities in southern Ontario and Quebec in April and into May is estimated to cost “well into the millions of dollars (USD)” in economic losses, Impact Forecasting said on Tuesday in its Global Catastrophe Recap report for…
Quebec says high water levels across province to peak by Wednesday
May 8, 2017 The Canadian PressMONTREAL – Quebec’s public security minister is saying water levels across the province are expected to peak between today and Wednesday. Martin Coiteux says authorities expect the water to start receding by mid-week. Heavy rains and melting snowpack across Quebec…
Heavy rain likely to cause new or more flooding in Quebec and Ontario
May 5, 2017 Michelle McQuigge - THE CANADIAN PRESSPersistent, steady rains soaking swaths of central and eastern Canada that have already endured record precipitation levels threatened to trigger widespread flooding Friday and put residents and governments on high alert. Environment Canada said a massive system is slowly drenching…
More than 220 evacuated from homes after Gatineau flooding
May 4, 2017 by Canadian UnderwriterHundreds of people in Gatineau, Que. have been evacuated from their homes after heavy rainfall caused flooding. The City of Gatineau said in a statement that as of early Thursday morning, 223 people and 130 homes had been voluntarily evacuated.…
Echelon reports Canadian combined ratio of 94% for Q1 2017, down 6% from Q1 2016
May 4, 2017 by Canadian UnderwriterMississauga, Ont.-based Canadian P&C insurer Echelon Financial Holdings Inc. has reported a Canadian combined operating ratio of 94% for the three months ending March 31, down from 100% in Q1 2016 and driven by strong results in both personal and…
Mobile earthquake simulator to visit Quebec in May and June
May 3, 2017 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is inviting Quebecers to experience the Quake Cottage, a mobile earthquake simulator, this month and next. As part of its earthquake preparedness campaign, IBC will be touring Quebec cities and shopping centres from La…
Public security minister preaches patience as Quebec towns deal with flooding
May 3, 2017 The Canadian PressMONTREAL – Quebec’s public security minister asked flood-stricken communities to be patient on Tuesday as forecasts called for more rain this week. Numerous Quebec municipalities that border streams and rivers are dealing with floods as heavy precipitation and mild temperatures…
Desjardins Group and the Desjardins Group Pension Plan invest more than $1 billion in renewable energy and clean technologies
April 24, 2017 by Canadian UnderwriterDesjardins Group and the Desjardins Group Pension Plan (DGPP) announced on Friday that they have invested more than $1 billion in renewable energy and clean technologies. The financing came from Desjardins Group’s Capital Market Division and equity investments from the…
Water level detectors in all below-waterline compartments should be mandatory for large fishing vessels: TSB
April 21, 2017 by Canadian UnderwriterMore than 26 years after the fatal sinking of a leaking fishing vessel north of Nova Scotia, the federal government has still not mandated water level detectors on all large fishing vessels, the Transportation Safety Board of Canada warned this…
Desjardins’ acquisition of Western Financial caused ‘headaches’ for brokers: Baker
April 19, 2017 by Canadian UnderwriterIf Trimont Financial Ltd. acquires Western Financial Group, Desjardins Group officials will have “more time to focus on further integrating State Farm,” MSA Research Inc. suggested in a recent report released Tuesday. “Slowly but surely, the complexion of the industry…
Quebec authorities watch for flooding after heavy weekend rainfall
April 18, 2017 The Canadian PressMONTREAL – Recent heavy rainfall had civil security authorities keeping close tabs on Quebec rivers Monday as minor flooding was reported in various parts of the province. Heavy rain on Sunday raised the water levels of streams and rivers over…