Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
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...
Uber, Lyft to Halt Shared Rides to Help Limit Coronavirus Spread
Mar 17 2020 // Uber Technologies Inc. and Lyft Inc. Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of the coronavirus. The pooled option, which allows riders to...
Canada Government Must Move Quickly to Map Flood Risks, Insurers Warn
Mar 5 2020 // Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first step of mapping flood...
Professional Sports Leagues Keeping Close Track of Coronavirus
Mar 2 2020 // Major North American professional sports leagues are talking to health officials and informing teams about the coronavirus outbreak that has led to the first reported deaths in the U.S. Officials from the National...
NFP Rebrands Canadian Brokerages Under NFP Name
Feb 25 2020 // Insurance broker NFP Canada Corp. (NFP) announced that several of its Canadian insurance brokerages are adopting the NFP business name in each of the provinces and territories of Canada, where permitted by law. They...
New Colorado Law Tackles Employee Equity, Investment in Startup Cannabis Industry
Feb 13 2020 // The startup-laden cannabis industry is probably just right for those who are willing to forego a few extra dollars on their paychecks for the possibility of a bigger payout later when the company grows or goes...
H.W. Kaufman Adds Lefchik to Expand Node International in North America
Feb 11 2020 // H.W. Kaufman Group, a global network of companies, has expanded Node International’s North American presence with the addition of Matthew Lefchik. Lefchik joins Node International as director, Cyber Risk Management...
NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt
Feb 11 2020 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd. Financial details of the transaction, which closed on Dec. 10, 2019, were not...
Canadian Privacy Official Seeks Court Ruling Against Facebook
Feb 7 2020 // Canada’s privacy commissioner asked a federal court to declare that Facebook had broken federal privacy law for the private sector, according to a notice of application filed on Thursday. The application also asked...
