Industry
Pricing for cannabis-related directors and officers (D&O) insurance is trending downward, but only relative to the rest of the market, said an insurance brokerage executive. “When cannabis was first legalized in Canada, you had a handful of carriers that [offered] coverage,” said Isaac Bock, managing director at AlphaRoot, a New York City brokerage focused exclusively […]
By Phil Porado | February 22, 2022
3 min read
Politicians are denouncing what police have called a violent confrontation in separate attacks against officers and employees at a construction site for a natural gas pipeline being built across northern British Columbia. Federal Public Safety Minister Marco Mendicino called the allegations of violence at the Coastal GasLink site and on a forestry road “disturbing.” “I’m […]
By Jason Contant | February 22, 2022
4 min read
Navacord Corp. is expanding its reach in northern Alberta with the addition of Stone Insurance Brokers. Based in Manning, Alta., Stone Insurance Brokers services clients across northern Alberta and British Columbia, specializing in forestry, farming, transportation and oil and gas. “Stone Insurance Brokers expands Navacord’s reach in the province to service more of northern […]
By Jason Contant | February 18, 2022
1 min read
With Ottawa police now making arrests of Freedom Convoy protestors, the speaker of the House of Commons Friday delayed Parliamentary debate on the Emergencies Act, which would require insurers to suspend auto insurance to those involved in the protests. The national associations of both insurers and brokers are discussing with the federal government how the […]
By Alyssa DiSabatino | February 18, 2022
The Ontario government is calling on people 16 years of age and older to join a program that will help the province be better prepared for emergencies including public health crises and natural disasters. People are invited to register as volunteers to receive training under a new program called Volunteer Corps Ontario. The program will […]
By The Canadian Press | February 18, 2022
Global reinsurance broker Gallagher Re has set up a Montreal branch led by new executive vice president Isabelle LaPalme. She will lead Gallagher Re’s expansion into Quebec and the French-speaking insurance community. LaPalme will work closely with colleagues in Toronto as part of the 30-person broking, actuarial and catastrophe-modelling team. She joins Gallagher Re from […]
By Phil Porado | February 17, 2022
Global commercial insurer and reinsurer AXA XL has appointed Sandra Lee as head of claims for Canada. Lee served as leader for the local casualty claims team. She will now have oversight for all claims activity across property and casualty, specialty and professional lines in Canada, AXA said in a Feb. 10 press release. Lee […]
By Jason Contant | February 17, 2022
2 min read
WASHINGTON – Viable alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down, says a new report from a Canadian environmental group looking to bridge the ideological gulf in the public debate over North America’s continuing dependence on fossil fuels. The report, commissioned and released Wednesday by the Toronto-based group Environmental […]
5 min read
With airplane trips forecast to increase post COVID-19, travellers will want to know if they’ll get where they’re going – and if they have coverage options when flights get cancelled. That’s the logic behind a new partnership between Zurich Canada and Blink Parametric to provide flight disruption cover to Zurich Canada policyholders and offer real-time, […]
By Phil Porado | February 16, 2022
Ontario brokerage Mitchell & Whale Insurance Brokers has announced it is rebranding its company under the new name Mitch. Announced on Valentine’s Day, the rebrand will officially launch in late March and will be accompanied by a new value proposition of “lovable insurance” and a redesigned website, Mitchell & Whale said in a press release […]
By Jason Contant | February 16, 2022
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