Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re
Jul 13 2016 // Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by...
Alberta Wildfires to Cost Insurers About $2.8B, in Canada’s Costliest Disaster
Jul 8 2016 // The wildfires that tore across the oil-producing region of Canada this year will cost insurers about C$3.58 billion ($2.8 billion) in claims, the most costly insured natural disaster in the country’s history, an...
Energi of Canada Offers P/C Energy Programs in West & Atlantic Canada
Jun 22 2016 // Energi of Canada has launched property & casualty programs for energy business in parts of Western and Atlantic Canada. The new energy programs provide risk management solutions and insurance offerings for energy...
Canada Health Startup Uses App to Connect Employees with Services
Jun 14 2016 // League Inc., a Canadian health-insurance startup, is raising $25 million in a funding round backed by Omers Ventures, Royal Bank of Canada and Manulife Financial Corp. Toronto-based League lets employees find and pay for...
Chubb Offers Cyber Bullying Cover for Canadian Homeowner Clients
Jun 7 2016 // Chubb has added cyber bullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with a cyber bullying incident. Chubb’s cyber...
Canadian Grain Bin Maker Sued by North Dakota Insurance Company
Jun 2 2016 // A North Dakota-based insurance company is accusing a major farm equipment manufacturer from Canada of making defective grain bins. Farmers Union Mutual Insurance Co. of Jamestown is suing Winnipeg-based Westeel in federal...
Disaster Recovery Firm Interstate Restoration Acquires Canada’s FirstOnSite
Jun 2 2016 // Interstate Restoration LLC, the Ft. Worth, Tex.-based disaster recovery company, has completed the acquisition of FirstOnSite Restoration G.P. Inc. in Canada. As Canada’s largest independent disaster restoration...
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...
