Latest Canada Headlines

All the headlines from our Canada Topic Page, ordered by recency.

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 disclosed....

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...

Canada Orders Speed Limits on Trains After Canadian Pacific Railway Fire

Feb 7 2020 // OTTAWA/WINNIPEG, Manitoba – Canada said on Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway Ltd. crude oil train derailed and caught fire.The...

Aon Acquires Canadian Cyber Security Firm Cytelligence

Feb 4 2020 // Insurance broker Aon reported it has acquired Cytelligence Inc., a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security...

Global Cannabis Revenue Pushed by Sales Doubling in Some U.S. States

Jan 16 2020 // The green rush in the global cannabis market continued in 2019, with sales doubling in seven U.S. states as well as Canada, and you can expect that trend to continue this year, a report out on Thursday shows.The report...

Hub International Acquires Canada’s RHC Insurance Brokers

Jan 10 2020 // Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd.Terms of the transaction were not disclosed. Headquartered in Nelson, British...

Starr Insurance Names Swiss Re’s O’Ryan as Canadian Manager, General Aviation

Jan 8 2020 // Starr Insurance Cos. has appointed Paul O’Ryan as Canadian territory manager, general aviation, effective Jan. 6.O’Ryan joins Starr from Swiss Re where he was head of General Aviation Americas in Toronto for...

Nexus Specialty to Offer Admitted Trade Credit Products through Crum & Forster

Jan 7 2020 // Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S.Nexus Specialty...

NFP Makes Canadian Leadership Changes, Including Promotion of Padovani as President

Jan 3 2020 // NFP, the New York City-based insurance broker and consultant, announced leadership changes throughout Canada to support its growth in the region.Greg Padovani will serve as president of NFP in Canada. He joined NFP in 2017...

Canada Pension Fund OMERS to Buy Stake in Fairfax Run-off Unit, RiverStone UK

Dec 20 2019 // Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement where OMERS will acquire a 40% interest in Fairfax’s UK run-off...