Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Royal Bank of Canada Is Reviewing Future of Volatile P/C Insurance Unit
Mar 11 2015 // Royal Bank of Canada is reviewing its domestic property and casualty insurance business, Chief Executive Officer David McKay said, citing difficulties caused by rules that ban banks from selling coverage in...
Series of Train Derailments Worries Canada’s Transport Minister
Mar 10 2015 // A series of train derailments in northern Ontario is cause for concern for Canada’s transport minister, a spokesman said on Monday, as fires continued to burn where Canadian National Railway Co train carrying oil...
Derailed Canadian National Train Carrying Crude Oil Is Still Burning
Mar 9 2015 // A Canadian National Railway Co. train carrying crude oil that derailed near the northern Ontario community of Gogama early on Saturday is still on fire, the company said late on Sunday. The derailment is CN’s second...
Totten Insurance Group Acquires Quebec-Based Wholesaler NBS
Mar 5 2015 // Totten Insurance Group, the Toronto-based insurance managing general agency, announced it has acquired the shares of National Brokerage Services S.C.N. Inc. (NBS), a Montreal, Quebec-based commercial insurance...
Canadian Pacific Railway’s CEO Says Biggest Crude-by-Rail Fear Is Terrorism
Mar 3 2015 // Hunter Harrison, Canadian Pacific Railway Ltd.’s chief executive officer, said his greatest fear in moving crude by rail is the prospect of a terrorist attack on the company’s trains. “That’s what...
Derailed Train in West Virginia Had Safer Tank Cars
Feb 26 2015 // The fiery derailment of a train carrying crude oil in West Virginia earlier this month is one of three in the past year involving tank cars that already meet a higher safety standard than what federal law requires –...
Canada’s New Rules Could Charge Railways that Cause Forest Fires
Feb 26 2015 // Canada’s new rail safety legislation would make it possible for governments to recover costs from railways for any fire they cause, not just accidents that involve crude oil, said Transport Canada, a change that...
Internet Domain .insurance to Be Available By End of 2015
Feb 24 2015 // The top-level Internet domain “.insurance” should be available to to the industry late this year, according to a financial services-backed organization that operates generic domains including...
CN Derailment Shows Inadequacy of New Oil Tank Cars Says Canada’s TSB
Feb 24 2015 // A train derailment in Canada this month that set ablaze several new-model tank cars carrying crude oil shows the need for tougher rail car standards, Canada’s safety watchdog said on Monday. The Canadian National...
Canada to Overhaul Rail Safety Rules; More Insurance Will Be Required
Feb 23 2015 // The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, which will be used when...
Minnesota Suppliers Hit by Target Canada Bankruptcy Filing
Feb 17 2015 // The end of Target’s Canadian operations is having a financial impact on businesses in Minnesota that supplied the retailer. Target’s Canadian division filed for bankruptcy protection last month and owes nearly...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion
Feb 17 2015 // Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit plc for some $1.88 billion to become one of the top five underwriters on the...
Berkshire Hathaway Names Sorsak to Lead Canada Property, Energy Claims
Feb 12 2015 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Amanda Sorsak to lead its Property & Energy Claims operation in Canada. She was previously Executive General Adjuster at Allianz Global...
Canadian Insurer Intact Q4 Profit Nearly Doubles to US$164.8 Million
Feb 5 2015 // Intact Financial Corp, Canada’s largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income. The company’s net income rose to C$205...
Allied World Launches Primary General Liability Coverage in Canada
Feb 4 2015 // Allied World Assurance Company Holdings, AG announced that Allied World North America has launched primary general liability coverage for the Canadian market. The bulletin said the “new primary general liability team...
Berkshire’s Commercial Insurer Hires AIG, Chubb Execs to Enter Canada Market
Jan 28 2015 // Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance,...
Mexican Motor Carriers Can Apply to Cross Border for Long-Haul Trucking
Jan 26 2015 // The U.S. Department of Transportation announced that Mexican motor carriers will soon be able to apply for authority to conduct long-haul, cross-border trucking services in the United States. This marks a milestone in...
Mexican Motor Carriers Can Apply to Cross Border for Long-Haul Trucking
Jan 26 2015 // The U.S. Department of Transportation announced that Mexican motor carriers will soon be able to apply for authority to conduct long-haul, cross-border trucking services in the United States. The policy change marks a...
Kaufman Financial Acquires Canadian MGA Avec Insurance Managers
Jan 13 2015 // Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, announced it has acquired Avec Insurance Managers, a Toronto-based managing general agent with expertise in marine, inland marine and other specialty...
2015 Insurance Industry Meetings & Conventions Directory
Jan 12 2015 // Welcome to Insurance Journal‘s 2015 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
