Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age
Mar 27 2015 // In the U.S., this past year has had more than enough reminders of how weather can affect our lives. California is heading into its fourth year of drought because it didn’t get enough snow. Boston is just emerging...
CN Railway’s Safety Record Deteriorated in 2014 Due to Poor Track Conditions
Mar 23 2015 // Canadian National Railway’s safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014
Mar 23 2015 // Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest in the first and fourth quarters, with more than 60 announcements...
ACE Strengthens Casualty Offering for Multinational Activities of Canada Firms
Mar 20 2015 // ACE Group says it is strengthening its global primary casualty offering with an expanded service platform designed to protect the multinational business activities of Canadian companies. ACE Risk Management Global Casualty...
Willis Re Introduces Suite of Flood Analytics for Canada Insurance Market
Mar 20 2015 // Willis Re, the reinsurance division of Willis Group Holdings plc, has unveiled a new suite of flood solutions offering analytical capabilities that will enable insurers to proactively manage Canada flood...
Canada Transport Watchdog to Introduce New Tank Cars Ahead of Schedule
Mar 18 2015 // Canada’s transportation watchdog said that recent fiery derailments of trains hauling crude oil mean a new generation of stronger tanker wagons should be introduced ahead of schedule. The Transportation Safety Board...
Canada Proposes Tough New Oil Tank Car Standards
Mar 12 2015 // Canada proposed tough new oil tank car standards on Wednesday and said even improved tank cars coming into service now would have to be off the rails by 2025 at the latest. The announcement comes after a rash of fiery...
Royal Bank of Canada Is Reviewing Future of Volatile P/C Insurance Unit
Mar 11 2015 // Royal Bank of Canada is reviewing its domestic property and casualty insurance business, Chief Executive Officer David McKay said, citing difficulties caused by rules that ban banks from selling coverage in...
Series of Train Derailments Worries Canada’s Transport Minister
Mar 10 2015 // A series of train derailments in northern Ontario is cause for concern for Canada’s transport minister, a spokesman said on Monday, as fires continued to burn where Canadian National Railway Co train carrying oil...
Derailed Canadian National Train Carrying Crude Oil Is Still Burning
Mar 9 2015 // A Canadian National Railway Co. train carrying crude oil that derailed near the northern Ontario community of Gogama early on Saturday is still on fire, the company said late on Sunday. The derailment is CN’s second...
Totten Insurance Group Acquires Quebec-Based Wholesaler NBS
Mar 5 2015 // Totten Insurance Group, the Toronto-based insurance managing general agency, announced it has acquired the shares of National Brokerage Services S.C.N. Inc. (NBS), a Montreal, Quebec-based commercial insurance...
Canadian Pacific Railway’s CEO Says Biggest Crude-by-Rail Fear Is Terrorism
Mar 3 2015 // Hunter Harrison, Canadian Pacific Railway Ltd.’s chief executive officer, said his greatest fear in moving crude by rail is the prospect of a terrorist attack on the company’s trains. “That’s what...
Derailed Train in West Virginia Had Safer Tank Cars
Feb 26 2015 // The fiery derailment of a train carrying crude oil in West Virginia earlier this month is one of three in the past year involving tank cars that already meet a higher safety standard than what federal law requires –...
Canada’s New Rules Could Charge Railways that Cause Forest Fires
Feb 26 2015 // Canada’s new rail safety legislation would make it possible for governments to recover costs from railways for any fire they cause, not just accidents that involve crude oil, said Transport Canada, a change that...
Internet Domain .insurance to Be Available By End of 2015
Feb 24 2015 // The top-level Internet domain “.insurance” should be available to to the industry late this year, according to a financial services-backed organization that operates generic domains including...
CN Derailment Shows Inadequacy of New Oil Tank Cars Says Canada’s TSB
Feb 24 2015 // A train derailment in Canada this month that set ablaze several new-model tank cars carrying crude oil shows the need for tougher rail car standards, Canada’s safety watchdog said on Monday. The Canadian National...
Canada to Overhaul Rail Safety Rules; More Insurance Will Be Required
Feb 23 2015 // The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, which will be used when...
Minnesota Suppliers Hit by Target Canada Bankruptcy Filing
Feb 17 2015 // The end of Target’s Canadian operations is having a financial impact on businesses in Minnesota that supplied the retailer. Target’s Canadian division filed for bankruptcy protection last month and owes nearly...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion
Feb 17 2015 // Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit plc for some $1.88 billion to become one of the top five underwriters on the...
Berkshire Hathaway Names Sorsak to Lead Canada Property, Energy Claims
Feb 12 2015 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Amanda Sorsak to lead its Property & Energy Claims operation in Canada. She was previously Executive General Adjuster at Allianz Global...
