Privilege Underwriters Reciprocal Exchange (PURE) is for the first time going international with an expansion into Canada. The reciprocal exchange will start serving high net worth clients in Ontario with homeowners insurance through select brokers. Future products include automobile coverage …
With its vast expanses of forest, Canada has the most “certified” sustainable timber operations of any nation, according to the nonprofit organizations that attest to the environmental soundness of logging practices. Such forestry-standards groups were born in the 1990s out …
Abnormally hot and dry weather is set to return to Alberta on Thursday after a couple of cooler days helped calm wildfires that have forced thousands of evacuations and disrupted production in Canada’s main oil-rich province. Record-high temperatures and tinder-dry …
The Canadian government is “really worried” about cyber attacks that have targeted critical infrastructure and has helped companies improve their defenses without disclosing hacks to the public, a senior intelligence official said on Monday. The comment by Scott Jones, an …
A severe storm that swept through central Alberta during the third week of June has resulted in more than C$30 million (US$23.7 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted a report from Catastrophe …
Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential annual hail activity, the …
Rogers Insurance Ltd. announced it has partnered with Victoria, British Columbia-based Megson FitzPatrick Inc., beginning with the purchase of a minority stake in Megson FitzPatrick. The financial details of the purchase were not disclosed. “This partnership strengthens both organizations tremendously. …
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its Executive First policy suite in Canada with the launch of an employment practices liability policy. The policy is designed to protect companies from the full range of employment practices claims, …
Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy Cormier said. Cormier, who oversees North America’s largest financial …
A windstorm that hit eastern Newfoundland on March 11, 2017 has resulted in almost C$45 million (US$32.5 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification Inc. (CatIQ). Wind gusts …
