TORONTO — Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and the sector’s risks. Even before COVID-19, insurers …
OTTAWA — 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 risks. …
Canadians report witnessing many distractions but admit to few, according to RSA Insurance survey. Turns out many are using the driver’s seat as a place to apply makeup, shave, scream at other drivers and make out. According to a survey …
Allied World Assurance Company Holdings, AG launched an initial property/casualty offering in the Canadian market. Gord Kerr, senior vice president, chief agent and branch manager, will oversee the build-out of these lines and will be responsible for production, profitability and …
A Canadian government-backed review of the type of rail car involved in last year’s deadly Lac-Megantic crash found that industry, regulators and shippers could do more to ensure the safety of the cars that carry crude across North America. The …
VFM Services, a provider of insurance claims fraud screening techniques to UK insurers, launched it’s product, Conversation Management, in Canada. Its New ERA training program, accredited by the UK’s University of Portsmouth, delivers conversation management skills needed by investigators to …
The rate of safety-related incidents on federally regulated pipelines in Canada doubled over the last decade, while the rate of reported spills and leaks was up threefold, according to an investigative report by Canada’s national broadcaster. The total number of …
Canada should force railways to take out enough insurance to ensure they can cover damage caused by major incidents, the Canadian Senate said on Thursday in a report issued after last month’s train disaster in Quebec, which killed 47 people. …
Atlanta-based Crawford & Company, a global independent claims management provider, announced that the management and adjusting team of Horizon Adjusters Ltd., based in Grande Prairie, Alberta, has agreed to join Crawford’s Canadian operations effective August 1st. Horizon’s president, Bea Boutcher, …
Companies operating major crude oil pipelines in Canada will be required to have C$1 billion ($954.97 million) available to fund cleanups from any spills, the Canadian government said on Wednesday. Joe Oliver, Canada’s minister of natural resources, also announced new …