Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Hailstorm in June Was One of Canada’s Costliest Thunderstorm-Related Events: Aon
Jul 17 2020 // Canada saw powerful a series of powerful thunderstorms in June, which brought hail greater than the size of tennis balls and caused extensive damage and flooding throughout the greater Calgary metro region, said Aon in its...
Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform
Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...
Insurance Costs Rising for Cannabis Firms as Unhappy Investors File Slew of Lawsuits
Jul 8 2020 // Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and...
New Business Interruption Insurance Class Action Launched in Canada
Jul 7 2020 // Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance companies have breached their contracts with business owners by refusing to pay for...
Canada’s Supreme Court Allows Class Action Seeking Employee Status for Uber Drivers
Jun 26 2020 // OTTAWA— Canada’s Supreme Court on Friday ruled in favor of a driver in a gig economy case that paves the way for a class action suit calling for Uber Technologies Inc. to recognize drivers in Canada as company...
Canadian Privacy Panel Finds LifeLab’s Data Breach Was One of Biggest
Jun 26 2020 // Canadian laboratory testing company LifeLabs failed to adequately protect sensitive health information of millions of people, resulting in one of the biggest data breaches in the country last year, privacy commissioners...
Millions of Abandoned Oil and Gas Wells Pose Environmental, Health Risks
Jun 23 2020 // In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired couple feel nauseous, dizzy, and short of...
Marsh JLT Specialty Expands Renewable Energy Team with Appointments in Canada, UK
Jun 15 2020 // Insurance broker Marsh announced two senior appointments within Marsh JLT Specialty’s Renewable Energy team, as part of its continued expansion in the global renewable energy sector. Joanne Silberberg has been...
Cryptocurrency Firm Quadriga Collapsed Due to Late Founder’s Ponzi Scheme: Regulator
Jun 15 2020 // Last year’s collapse of Canadian cryptocurrency trading platform QuadrigaCX was due to a Ponzi scheme operated by founder Gerald Cotten, who died suddenly in December 2018, the country’s biggest securities...
It’s Business as Usual for Genworth After Canadian Rule Change for Mortgage Insurance
Jun 9 2020 // Genworth MI Canada Inc, which runs the largest Canadian private residential mortgage insurer, said on Monday it has no plans to change its underwriting policy for debt service ratio limits, minimum credit score and...
Lloyd’s Canada Appoints Former AIG Executive Lipman as President
Jun 2 2020 // Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters. Lipman assumes the role of AIF from Lisa Duval, who took the position...
Coalition Launches Cyber Insurance and Security Coverage in Canada
May 22 2020 // Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive...
Johnson & Johnson to No Longer Sell Talc-Based Baby Powder in U.S., Canada
May 20 2020 // Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, making the decision after a consumer products “portfolio reassessment...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings
May 13 2020 // Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and...
70,000 Crew Members Remain Quarantined on Ships in U.S. Waters
May 11 2020 // Carolina Vasquez lost track of days and nights, unable to see the sunlight while stuck for two weeks in a windowless cruise ship cabin as a fever took hold of her body. On the worst night of her encounter with COVID-19,...
Zurich Canada Appoints Snider as Head of Risk Services
May 7 2020 // Chris Snider has been named head of Risk Services for Zurich Canada. Formerly the manager of Risk Services – Property, Snider fills a role that was vacated by Scott Thomas, who was named Head of Human Resources. Chris...
Floods Hit Canada’s Oil Sands Hub in Fort McMurray, Forcing Some Evacuations
Apr 28 2020 // Floods have forced mandatory evacuations in parts of Fort McMurray, the hub for Canada’s oil sands industry, even as the province of Alberta tries to stem the spread of the coronavirus. The Regional Municipality of...
Specialist MGA Lions Gate Expands Canada Offering with Environmental Insurance Cover
Apr 23 2020 // Lions Gate Underwriting, the Vancouver-based specialist managing general agent, has launched a new Environmental Insurance product as part of its coverage offering. The program is being underwritten by Great American...
Canada’s Insurers to Cut Auto Premiums as Drivers Stay Home During COVID-19 Crisis
Apr 9 2020 // Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the...
Canadian Insurers Hit with Lawsuit on Refusal to Pay COVID-19 Biz Income Claims
Apr 6 2020 // A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are...
