Commercial

Web-based Drug-Impaired Driving Learning Centre launched

Just days after the province of Ontario announced that it would introduce legislation this fall that includes zero tolerance for drug-impaired driving for several classes of motorists, an organization and insurer have launched a Drug-Impaired Driving Learning Centre (DIDLC). The Ottawa-based Traffic Injury Research Foundation (TIRF), in partnership with State Farm Canada, launched the centre […]

By Canadian Underwriter | September 20, 2017

4 min read

Commercial

Legislation would mandate surety bonds on public sector construction projects in Ontario

Surety bonds written by licensed insurers will be mandatory for certain public construction projects in Ontario if a bill tabled Tuesday is passed into law. Bill 142, if passed into law, will “require surety bonds to be posted on public projects above a certain dollar amount,” Attorney General Yasir Naqvi told the Ontario Legislature Tuesday, […]

By Canadian Underwriter | September 13, 2017

3 min read

Commercial

Tall Storey

Proposals in Ontario and federally to allow for taller wood buildings has attracted supporters and detractors, both of whom have different views on whether or not risks will also be higher.

September 7, 2017

5 min read

Commercial

Arthur J. Gallagher gains presence in Quebec with acquisition of GPL Assurance Inc.

Arthur J. Gallagher (AJG) announced late Thursday that it has “extended its investment in Canada and further diversified it geographic presence” with the acquisition of retail insurance broker GPL Assurance Inc. in Quebec. Terms of the transaction were not disclosed. Established in 1968 and based in Montreal and Laval, GPL specializes in developing tailored risk management […]

By Canadian Underwriter | August 4, 2017

3 min read

Two Quebec brokerages merge to “create a powerhouse and ensure better positioning in the Quebec City region”

Quebec brokerage ESSOR Assurances announced on Tuesday that it has teamed up with brokerage Généralys assurance to “create a powerhouse and ensure better positioning in the Quebec City region.” Généralys assurance is one of the largest insurance brokers in home, automobile and commercial insurance in Quebec and is recognized for its “reputation and highly personalized […]

2 min read

MacCoy Insurance Brokers joins Atlantic Canadian brokerage Archway Insurance

Archway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Wednesday that is has a new location in Cape Breton, N.S.: MacCoy Insurance Brokers Ltd. Effective July 1, MacCoy Insurance will become the 22nd location of Archway Insurance, which now covers all of Nova Scotia and New Brunswick, Archway said in a press release. […]

2 min read

Approved Surety & Casualty launches program to enhance contractor bonding limit

Toronto-based Approved Surety & Casualty Inc. announced on Monday that is has launched a capital disbursement program for brokers to enhance contractor bonding limit. “Approved Capital is a capital disbursement program for brokers that will allow their contractor clients to qualify for higher bonding limits, while providing our surety markets with extra security,” explained Don […]

2 min read

Alberta’s traffic safety campaign in June to focus on differences between commercial and smaller passenger vehicles

The province of Alberta will be holding a traffic safety campaign in June to educating drivers about the differences between commercial vehicles and smaller passenger vehicles. Occupants of a passenger vehicle are more likely to be killed or injured in a collision with a large commercial vehicle because of the differences in weight, stopping distance […]

2 min read

Ironshore Specialty Casualty construction cover now addresses M&A transition exposures

Bermuda-based Ironshore Specialty Casualty has enhanced its Transition Protection policy form to address contractual exposures associated with an organizational merger or acquisition (M&A) specific to the construction industry. Construction companies typically have contractual requirements to obtain insurance coverage for work completed prior to the M&A, notes a company statement Thursday. The Construction Transition Protection product […]

1 min read

XL Catlin quadruples North American builder’s risk capacity to US$1 billion

XL Catlin announced on Wednesday that it has quadrupled its builder’s risk insurance capacity to US$1 billion from US$250 million for construction firms in North America. The increased coverage for high-value commercial real estate projects is the result of a greater demand for a “single carrier builders risk solution for hospital, educational and commercial real […]

2 min read