Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canada ‘Needs to Do More’ to Mitigate Climate Disasters Such as Wildfires, Flood
Jun 1 2016 // The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog said on Tuesday as the Alberta town of Fort McMurray struggled to recover from a huge...
XL Catlin Adds Rectification Expense Coverage to Contractors’ Policies
May 27 2016 // XL Catlin’s Environmental insurance business has added new protection to its Contractor’s Professional and Pollution Legal Liability insurance to help contractors and environmental consultant clients absorb the...
AIG to Offer Crowdfunding Investor Protection in UK and Canada
May 25 2016 // American International Group Inc. has launched a new product for the global crowdfunding investment industry. This new insurance product was developed specifically to protect investors on equity crowdfunding platforms...
Canada’s Oil Sands Facilities Prepare to Restart as Wildfires Begin to Slow
May 25 2016 // All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno. Alberta lifted mandatory evacuation...
Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers
May 19 2016 // Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country’s property insurance industry group said on...
Economical to Buy Largest Canada Pet Insurer, Western Financial Insurance Co.
May 18 2016 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and...
Many Weed-Smoking Canadian Drivers Say They Can Drive Unimpaired: Insurers
May 18 2016 // Almost half of weed-smoking Canadian drivers say that they can safely operate a vehicle while stoned. Among Canadians who have driven under the influence of marijuana, 44 percent don’t think it impacts their ability...
Alberta Wildfires Could Cost $7B with Minimal Insurer Credit Hit: Ratings Agencies
May 17 2016 // The Fort McMurray wildfires, which have been raging through northern Alberta, Canada since May 1, are likely to be the costliest natural disaster in Canadian history, according to recent reports issued by catastrophe...
Gallagher Acquires Canadian Personal & Commericial Lines Broker, B.R. Rhymer
May 13 2016 // Arthur J. Gallagher has acquired B.R. Rhymer Insurance Agencies Ltd., a Canadian personal and commercial lines broker located in Winnipeg, Manitoba. The agreement will see the business, which has been operating under a...
Marsh Canada Appoints Lay as President & CEO; Garner Named Chairman
May 11 2016 // Marsh has appointed Chris Lay as president and CEO of Marsh Canada, succeeding Alan Garner who takes on the role of chairman, effective July 1. Both Lay and Garner will report to Robert Bentley, president of Marsh US and...
Alberta Wildfires Spare Almost 90% of Fort McMurray, Canada’s Energy Hub
May 10 2016 // The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods. “This...
Alberta Wildfires Could Hit Canada Economy Harder than Hurricane Katrina in US
May 10 2016 // Intact Financial Corp. may post insured losses of as much as C$1.1 billion ($850 million) from the wildfires in Alberta, which could dent the Canadian economy harder than Hurricane Katrina hit the U.S. Intact,...
Costly Alberta Wildfires to Hit Q2 Results; Insurers Are Resilient: Ratings Reports
May 9 2016 // While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to A.M. Best and...
Alberta Wildfires Set to Veer from Oil Sands Operations, Spreading More Slowly
May 9 2016 // Wildfires raging through Alberta are set to move away from the main oil-sands facilities north of Fort McMurray after knocking out an estimated 1 million barrels of production from Canada’s energy hub. A cold front...
Alberta Wildfire Insured Losses Could Total $7.3B, Covering Area Bigger Than NYC
May 6 2016 // The wildfires ravaging Canada’s oil hub in northern Alberta have rapidly spread to an area bigger than New York city, prompting the air lift of more than 8,000 evacuees as firefighters seek to salvage critical...
Alberta Wildfire Could Become Canada’s Costliest Natural Catastrophe
May 5 2016 // A wildfire in the Alberta city of Fort McMurray is set to become the costliest ever Canadian natural disaster for insurers, with 1,600 buildings destroyed and another 19,000 under threat, analysts and industry sources...
Update: Canadian Wildfire Rages, Leading to Evacuation of 80,000 People
May 4 2016 // Fire raged unchecked through the Canadian city of Fort McMurray overnight as authorities raced to complete the evacuation of its population of 80,000, fearful that hot, dry winds forecast for Wednesday would further fan...
HSB BI&I of Canada Offers Equipment Breakdown Cover for Microelectronics
Apr 29 2016 // The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced the introduction of TechAdvantage™, its new standard equipment breakdown policy. The company said it is the first...
Zurich Canada Appoints Healey as Sr. VP, Distribution & Regional Management
Apr 29 2016 // Zurich Canada has appointed Patrick Healey as senior vice president, Distribution and Regional Management. Healey will be responsible for leading and managing broker relationships and supporting market-facing underwriting...
Ontario Teachers’ Pension Plan (Lead ANV Investor) Assesses ‘Brexit’ Effect
Apr 1 2016 // The Ontario Teachers’ Pension Plan, one of the biggest investors in British infrastructure, said it is assessing daily the risk that Britain will leave the European Union and is considering hedging the currency risk...
