Lawyer explains why some federally-regulated employees cannot be dismissed without cause
November 30, 2016 by Canadian UnderwriterA Supreme Court of Canada ruling released in July has “huge ramifications” for employers in the trucking industry, while a more recent decision provides guidance on interpreting standard-form contracts, a lawyer suggested Tuesday to insurance professional in Toronto. In its…
Canadian insurers ‘in a tough time for investments,’ A.M. Best analysts warn
November 15, 2016 Greg Meckbach, Associate EditorMergers and acquisitions in the reinsurance sector sometimes involve carriers acquiring managing general agents, while in Canada, M&As have involved insurers trying to “beef up certain parts of their enterprise,” analysts from A.M. Best Company Inc. suggested at a recent…
$5.3 billion to be re-invested in Alberta economy over three years to rebuild Fort McMurray: Conference Board of Canada report
November 15, 2016 by Canadian UnderwriterAbout $5.3 billion will be re-invested in Alberta’s economy over the next three years to rebuild Fort McMurray following the massive wildfire in May, according to a new Conference Board of Canada report on the economic impacts of Canada’s most costliest natural…
Vancouver-based Vertical Insurance Group acquires brokerage Axis Insurance Managers Inc.
November 9, 2016 by Canadian UnderwriterVancouver-based Vertical Insurance Group Ltd., owners of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, has announced the acquisition of the majority interest in the capital of brokerage Axis Insurance Managers Inc., also of Vancouver. Alex…
Toronto-based Moore-McLean Insurance Group acquires Hallmark Insurance Group of Companies of Markham, Ont.
October 28, 2016 by Canadian UnderwriterToronto-based Moore-McLean Insurance Group Ltd. announced on Friday that it has acquired the assets of Markham, Ont.-based Hallmark Insurance Group and its family of companies. Beginning Oct. 28, they will form McLean Hallmark Insurance Group Ltd., and McLean Hallmark Financial…
Back to business results expected from oilsands as wildfire impact dissipates
October 26, 2016 Dan Healing - THE CANADIAN PRESSCALGARY – Oilsands producers are expected to report back-to-business third-quarter results over the next few days as they shrug off lingering impacts of last May’s devastating wildfires in Fort McMurray, Alta. While provincial estimates report that Alberta oilsands production dropped…
Saskatchewan Premier announces province’s climate change plan
October 18, 2016 by Canadian UnderwriterSaskatchewan Premier Brad Wall has released the province’s Climate Change White Paper, calling for adaptation and innovation instead of taxation on carbon. “There are three approaches we can take to fighting climate change – adaptation, innovation and taxation,” Wall said…
Alberta advisory panel to consult communities on transition away from coal-fired electricity generation
September 23, 2016 by Canadian UnderwriterJust days after the Alberta government announced a task force to provide recommendations on climate technology to help transition to a lower-carbon economy, it has appointed a three-member expert panel to meet with those affected by the transition away from…
Builder’s risk policy must cover windows damaged by cleaning on building under construction: Supreme Court of Canada
September 16, 2016 by Canadian UnderwriterInsurance firms writing an all risks policy for an office building under construction in Edmonton must cover the multi-million dollar cost of replacing windows damaged by cleaning, despite an exclusion for “the cost of making good faulty workmanship,” the Supreme…
Oilsands carbon capture and storage project reaches one-year milestone
September 14, 2016 by Canadian UnderwriterShell Canada has announced that the Quest carbon capture and storage (CCS) project has captured and stored one million tonnes of carbon dioxide (CO2) underground “ahead of schedule” in its first year of operation. Quest is the first CCS project…
B.C. unveils Climate Leadership Plan, plans to reduce GHGs by up to 25 million tonnes by 2050
August 22, 2016 by Canadian UnderwriterThe government of British Columbia unveiled its Climate Leadership Plan on Friday, which it says will lead to the creation of up to 66,000 jobs over the next ten years and reduce net annual greenhouse gas emissions (GHGs) by up…
Nova Scotia wildfires continue to create “challenging conditions” for work crews
August 9, 2016 by Canadian UnderwriterA wildfire in Nova Scotia’s Annapolis County has grown to about 240 hectares as weather continues to create “challenging conditions” for crews on site. The fire at Seven Mile Lake in Annapolis County, along with the Perch Lake fire in…