Industry
British Columbia’s Minister of Natural Gas Development has introduced amendments to two acts regulating oil and gas activities in the province to help reduce greenhouse gas (GHG) emissions. Rich Coleman announced the amendments on Thursday. Bill 40, the Natural Gas Development Statutes Amendment Act, will amend the Petroleum and Natural Gas Act to allow carbon […]
By Canadian Underwriter | October 8, 2015
2 min read
Ontario’s Ministry of the Environment and Climate Change announced on Wednesday that it is investigating any possible violations under the Environmental Protection Act in relation to the action by Volkswagen Canada and Audi Canada to sell cars to its dealers and consumers with software to bypass the vehicle’s emissions control. The defeat software turned off […]
3 min read
MONTREAL – Canadian Pacific Railway is willing to drop its appeal of the $450-million settlement fund for victims of the Lac-Megantic tragedy if it is granted certain legal protections, lawyers said Tuesday. Lawyers for Montreal Maine and Atlantic Railway Ltd. (MMA), the now-defunct company responsible for the derailment that killed 47 people on July 6, […]
By Canadian Underwriter | October 7, 2015
Top cyberattack methods aimed at cloud deployments grew between 27% and 45% over the previous year, while top attacks aimed at on-premises deployments remained relatively flat, according to a report released on Tuesday by Alert Logic, a provider of security-as-a-service for the cloud. The 2015 Cloud Security Report said that attacks increased by 27% for […]
BERLIN – Volkswagen plans to launch in January a recall of vehicles with software at the centre of the emissions-rigging scandal and aims to fix them all by the end of next year, the company’s new chief executive says. Volkswagen has said up to 11 million vehicles worldwide across several of its brands contain the […]
Quebec City-based Intergroupe Assurances, which specializes in personal, commercial and life insurance and financial services, announced on Tuesday that it is being taken over by a quartet of well-established shareholders in the industry. Intergroupe, which was founded in 1996 by five brokerage firms, now has over 20 employees, 70 member firms as well as a […]
By Canadian Underwriter | October 6, 2015
NICC MONTREAL – The size and extent of the Canadian managing general agent (MGA) market is not clear, and while many are licensed insurance brokers in the provinces in which they operate, the federal Office of the Superintendent of Financial Institutions (OSFI) does not really have a mandate to regulate that market, speakers suggested at […]
Emissions of the potent greenhouse gas methane from the Canadian oil and gas sector can be reduced by 45% below projected 2020 levels, all while using existing technologies, said a new study released on Monday by energy industry research firm ICF International. The research, called Economic Analysis of Methane Emission Reduction Opportunities in the Canadian […]
By Canadian Underwriter | October 5, 2015
Co-operators General Insurance Company announced on Monday that its wholly-owned subsidiary has purchased Browning Insurance Ltd., based in Chatham, Ont. Details of the purchase were not immediately disclosed. Brokerage Browning Insurance’s portfolio includes personal and commercial insurance policies as well as financial services, such as retirement and investment planning. The Co-operators Group Limited is a […]
Zurich Insurance Group has appointed Paul Horgan CEO of Zurich’s Global Corporate in North America (GCiNA) business, effective immediately. Horgan, previously Head of Group Reinsurance, is now accountable for the direction, management and performance of GCiNA, a major business area within North America, which recorded gross written premiums and policy fees of US$3.7 billion last […]
By Canadian Underwriter | October 1, 2015
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