
In the news today: AG report on company behind ArriveCan out today
Here is a roundup of stories from The Canadian Press designed to bring you up to speed…
AG report on company behind ArriveCan out today
The latest probe into the company behind the controversial ArriveCan app is among four reports being released today by Canada's auditor general.
Karen Hogan looked into all contracts awarded and payments made to GC Strategies for its work on the app to determine whether they were in line with government policy and whether the government got value for taxpayers' money.
In September, the House of Commons unanimously agreed to ask Hogan to look into the contracts and her report is set to be tabled in the House around 10 a.m. ET.
As of March 2024, GC Strategies — a two-man team which last week was banned from entering into contracts or real property agreements with the federal government for seven years — had received $100 million in federal government contracts since 2011.
Hogan's previous report on the app's development found it did not deliver the best value to taxpayers and concluded that three federal departments disregarded federal policies, controls and transparency in the contracting process.
Here's what else we're watching…
Panthers rout Oilers 6-1, lead Cup final 2-1
Taking advantage of the Edmonton Oilers' worst performance in several weeks, the defending Florida Panthers pounced on mistakes to win 6-1 in a rout Monday and take a 2-1 series lead in the Stanley Cup final.
Brad Marchand became the oldest player to score in each of the first three games of a final, while Sam Bennett added his NHL playoff-leading 14th goal after making a big hit on Edmonton's Vasily Podkolzin that contributed to the turnover to spring him on a breakaway.
Marchand and Bennett have combined to score eight goals for Florida, which was dominant in just about every way.
And it was not just Bennett and Marchand. Carter Verhaeghe and Sam Reinhart each got his first goal of the series, Aaron Ekblad scored to chase Skinner, and Evan Rodrigues added the exclamation point in the waning minutes.
At the other end of the ice, Sergei Bobrovsky earned the 'Bobby! Bobby!' chants from a fired up Florida crowd. The two-time Vezina Trophy-winning goaltender known as 'Bob' was on his game for the very few quality chances the discombobulated Oilers mustered, making 32 saves.
Australia sends help to battle Canadian wildfires
As wildfires continue to burn from northwest Ontario to British Columbia, Canada is getting help from near and far, and very far.
Southern Highlands – New South Wales Rural Fire Service in Australia says a 96-personnel-strong Australian contingent of firefighters and specialists have deployed to Canada for five weeks.
The service says the deployment is in response to a request from the Canadian Interagency Forest Fire Centre.
Australian Prime Minister Anthony Albanese says in a tweet that, 'When our mates need help, Australia is there.'
A post on social media platform X from the official account for the Australian High Commissioner to Canada, Kate Logan, says the crews 'are on their way to support their Canadian colleagues battle wildfires in Alberta.'
Submissions continue at hockey players' trial
Defence lawyers for five former members of Canada's world junior hockey team are set to continue their final submissions to the judge presiding over the players' sexual assault trial today.
Court heard submissions Monday for lawyers representing Michael McLeod and Carter Hart, and counsel for the remaining three accused will get a turn before prosecutors present their submissions.
McLeod's lawyer, David Humphrey, argued the complainant has presented an 'entirely unbelievable and unreliable' version of the events at the heart of the trial.
McLeod, Hart and their former teammates Alex Formenton, Dillon Dube and Callan Foote have pleaded not guilty to sexual assault.
The charges relate to an encounter with a woman in a London, Ont., hotel room in June 2018, at a time when many of the team's members were in town for events celebrating their championship win.
Cleanup rules hurting Alberta renewables: report
A report says new cleanup rules for renewable energy sites are hurting the competitiveness of Alberta's industry.
Business Renewables Centre-Canada analyzed the reclamation security requirements for renewables in 27 jurisdictions and found Alberta's are now the most costly.
Under a code of practice for solar and wind projects published last week, the Alberta government says operators must provide an estimate for the cost of dismantling turbines and panels, removing underground concrete infrastructure, hauling waste away, replanting vegetation and other items.
A 30-per-cent security is required upfront, rising to 60 per cent after 15 years to ensure there is enough money for proper cleanup at the sites' end of life.
BRC-Canada says Alberta's upfront security requirement is unusually high and the rules don't take into account the salvage value of the concrete and metals that could be sold to recoup cleanup expenses.
This report by The Canadian Press was first published June 10, 2025.
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Globe and Mail
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Brown & Brown, Inc. announces pricing of $4 billion offering of common stock
DAYTONA BEACH, Fla., June 10, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) ('Brown & Brown' or the 'Company') today announced the pricing of its public offering of 39,215,686 shares of its common stock (the 'common stock'), par value $0.10 per share, at a price to the public of $102.00 per share, for an aggregate offering amount of $4 billion. The offering is expected to close on June 12, 2025, subject to the satisfaction of customary closing conditions. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $400 million in shares of common stock at the public offering price, less underwriting discounts. J.P. Morgan and BofA Securities are acting as lead book running managers of the offering. BMO Capital Markets and Truist Securities are acting as additional book running managers of the offering and Wells Fargo Securities, BTIG, PNC Capital Markets LLC, Fifth Third Securities, Morgan Stanley, Citizens Capital Markets, Barclays, Goldman Sachs & Co. LLC, Dowling & Partners and Raymond James are acting as co-managers of the offering. The Company expects that the net proceeds of the offering will be approximately $3.9 billion, after deducting underwriting discounts and expenses and assuming no exercise of the underwriters' option to purchase additional shares. The Company intends to use the net proceeds of the offering to fund a portion of the consideration payable pursuant to that certain agreement and plan of merger by and among RSC Topco, Inc., a Delaware corporation ('RSC'), the Company, Encore Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company, and Kelso RSC (Investor), L.P., a Delaware limited partnership, solely in its capacity as the equityholder representative, pursuant to which the Company will acquire RSC, the holding company for Accession Risk Management Group, Inc. (the 'Transaction'), and to pay fees and expenses associated with the foregoing. If the Transaction is not consummated, the Company intends to use the net proceeds of the offering for general corporate purposes. The Company has filed with the U.S. Securities and Exchange Commission (the 'SEC') an automatic shelf registration statement (including a prospectus) on Form S-3 dated May 5, 2023 (File No. 333-271708) and a related preliminary prospectus supplement, dated June 10, 2025, to which this communication relates, and the Company will also file a final prospectus supplement relating to the shares of common stock. Investors should read the preliminary prospectus supplement and base prospectus in the registration statement, including the information incorporated by reference therein, and the other documents the Company has filed with the SEC for more complete information about the Company and the offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at Alternatively, a copy of the prospectus supplement relating to the offering may be obtained by contacting J.P. Morgan Securities LLC at J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@ and postsalemanualrequests@ or BofA Securities, Inc. at BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email: This press release shall not constitute an offer to sell or a solicitation of an offer to buy the common stock of the Company, nor shall there be any sale of such securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto. About Brown & Brown, Inc. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Forward-Looking Statements This press release contains 'forward-looking statements' within the 'safe harbor' provision of the Private Securities Litigation Reform Act of 1995, as amended. You can identify these statements by forward-looking words such as 'may,' 'will,' 'should,' 'expect,' 'anticipate,' 'believe,' 'intend,' 'estimate,' 'plan' and 'continue' or similar words. Brown & Brown has based these statements on its current expectations about potential future events. Although Brown & Brown believes the expectations expressed in the forward-looking statements included in this press release are based upon reasonable assumptions within the bounds of Brown & Brown's knowledge of its business and the transaction, a number of factors could cause actual results to differ materially from those expressed in any forward-looking statements, whether oral or written, made by Brown & Brown or on its behalf. Many of these factors have previously been identified in filings or statements made by Brown & Brown or on its behalf. Important factors which could cause Brown & Brown's actual results to differ, possibly materially from the forward-looking statements in this press release include, but are not limited to, the following items: (a) risks with respect to the timing of the Transaction; (b) the possibility that the anticipated benefits of the Transaction are not realized when expected or at all; (c) risks related to the financing of the Transaction, including that financing the Transaction will result in an increase in Brown & Brown's indebtedness and that Brown & Brown may not be able to secure the required financing in connection with the Transaction on acceptable terms, in a timely manner, or at all; (d) the unaudited pro forma condensed combined financial information reflecting the Transaction is based on assumptions and is subject to change based on various factors; (e) risks relating to the financial information related to RSC; (f) risks related to RSC's business, including underwriting risk in connection with certain captive insurance companies; (g) the risk that certain assumptions Brown & Brown has made relating to the Transaction prove to be materially inaccurate; (h) the inability to hire, retain and develop qualified employees, as well as the loss of any of Brown & Brown's executive officers or other key employees; (i) a cybersecurity attack or any other interruption in information technology and/or data security that may impact Brown & Brown's operations or the operations of third parties that support it; (j) acquisition-related risks that could negatively affect the success of Brown & Brown's growth strategy, including the possibility that Brown & Brown may not be able to successfully identify suitable acquisition candidates, complete acquisitions, successfully integrate acquired businesses into its operations and expand into new markets; (k) risks related to Brown & Brown's international operations, which may result in additional risks or require more management time and expense than Brown & Brown's domestic operations to achieve or maintain profitability; (l) the requirement for additional resources and time to adequately respond to dynamics resulting from rapid technological change; (m) the loss of or significant change to any of Brown & Brown's insurance company or intermediary relationships, which could result in loss of capacity to write business, additional expense, loss of market share or material decrease in Brown & Brown's commissions; (n) the effect of natural disasters on Brown & Brown's profit-sharing contingent commissions, insurer capacity or claims expenses within Brown & Brown's capitalized captive insurance facilities; (o) adverse economic conditions, political conditions, outbreaks of war, disasters, or regulatory changes in states or countries where Brown & Brown has a concentration of Brown & Brown's business; (p) the inability to maintain Brown & Brown's culture or a significant change in management, management philosophy or its business strategy; (q) fluctuations in Brown & Brown's commission revenue as a result of factors outside of its control; (r) the effects of significant or sustained inflation or higher interest rates; (s) claims expense resulting from the limited underwriting risk associated with Brown & Brown's participation in capitalized captive insurance facilities; (t) risks associated with Brown & Brown's automobile and recreational vehicle finance and insurance dealer services businesses; (u) changes in, or the termination of, certain programs administered by the U.S. federal government from which Brown & Brown derives revenues; (v) the limitations of Brown & Brown's system of disclosure and internal controls and procedures in preventing errors or fraud, or in informing management of all material information in a timely manner; (w) Brown & Brown's reliance on vendors and other third parties to perform key functions of its business operations and provide services to its customers; (x) the significant control certain shareholders have; (y) changes in data privacy and protection laws and regulations or any failure to comply with such laws and regulations; 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Assumptions as to any of the foregoing, and all statements, are not based upon historical fact, but rather reflect Brown & Brown's current expectations concerning future results and events. Forward-looking statements that Brown & Brown makes or that are made by others on Brown & Brown's behalf are based upon a knowledge of Brown & Brown's business and the environment in which it operates, but because of the factors listed above, among others, actual results may differ from those in the forward-looking statements. Consequently, these cautionary statements qualify all of the forward-looking statements Brown & Brown makes herein. Brown & Brown cannot assure you that the results or developments anticipated by Brown & Brown will be realized or, even if substantially realized, that those results or developments will result in the expected consequences for Brown & Brown or affect Brown & Brown, its business or our operations in the way it expects. Brown & Brown cautions readers not to place undue reliance on these forward-looking statements. All forward-looking statements made herein are made only as of the date of this press release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware. For more information: Investors R. Andrew Watts Chief Financial Officer (386) 239-5770 Media Jenny Goco Director of Communications (386) 333-6066

CTV News
an hour ago
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Experts expect close, intense Game 4 of Stanley Cup Final after Oilers' Game 3 meltdown
The Edmonton Oilers and Florida Panthers had 140 penalty minutes in Monday night's Stanley Cup Final game. Nicole Weisberg reports on the "penalty chaos." You know that messy, penalty-filled and seemingly unhinged third period of Game 3 of the Stanley Cup Final on Monday night? The one in which several Edmonton Oilers players fought their Florida Panthers rivals in a good, old-fashioned line brawl, took a bazillion penalties which saw a bunch of them ejected from the eventual 6-1 Panthers win to put them up two games to one? It's a good thing, Oilers fans. The whole thing bodes well for the team and for hopes of a close, intense battle in Thursday's Game 4, say a former Oiler and a sports psychologist. 'If you lose a game, it's better to lose 6-1 than a close one, because the way that (the Oilers) lost, they're going to be so upset about it that they're going to respond much stronger than (if it was) a close game,' Georges Laraque – who played seven seasons for them, including the 2005-06 campaign that saw them make a run to Game 7 of the Cup final, and who remains a fan favourite – told CTV News Edmonton on Tuesday. Oilers practice Edmonton Oilers defenceman Darnell Nurse, left, looks up ice during practice at the NHL Stanley Cup final in Fort Lauderdale, Fla., on Tuesday, June 10, 2025. (Nathan Denette/THE CANADIAN PRESS) 'Big Georges,' now a radio show host in Montreal who often returns to Edmonton, said he expects Game 4 to be close and that the Oilers will play much more disciplined than in the penalty-filled Game 3, in which the Oilers took 85 minutes in penalties and gave the Panthers 11 power plays, three of which led to Florida goals. What Laraque saw on Monday late in the game, when five Oilers received misconducts and were ejected from the rest of the game, was a team collectively preparing mentally for the next one. Panthers vs. Oilers Linesman Trent Knorr gets between Florida Panthers' Sam Bennett (top) and Edmonton Oilers' Trent Frederic during the third period in Game 3 of the Stanley Cup final in Sunrise, Fla., on Monday, June 9, 2025. (Nathan Denette/THE CANADIAN PRESS) 'If it's a close game ... you're not going to see that because it's a one-goal game, but often in the playoffs, if a game is getting out of hand like it was (Monday), then at the end of the game, things will always happen,' he said. 'It's just to show that, 'You know what? We care, and we're going to come back strong.'' Ben Sereda, a PhD candidate in the Faculty of Kinesiology, Sport and Recreation at the University of Alberta in the area of sport and performance psychology, said Tuesday the way in which the Oilers lost, featuring a lopsided score and several penalties, can be used to their advantage, 'whether that's anger, whether that's frustration, that extra little drive, that extra little bit of fuel that can be used to sharpen focus, to be more disciplined, but also give your body that extra little step.' 'I really saw ... (a) deep investment that was reflected,' Sereda told CTV News Edmonton. 'They are experiencing such a high level of emotion because they care so much.' Panthers vs. Oilers Florida Panthers' Carter Verhaeghe (23) scores on Edmonton Oilers goalie Stuart Skinner (74) as Evan Bouchard (2) defends during the first period in Game 3 of the Stanley Cup final in Sunrise, Fla., on Monday, June 9, 2025. (Nathan Denette/THE CANADIAN PRESS) He said one of the keys to Game 4 for Edmonton is that they have a significant amount of experience coming back from adversity in the playoffs. This year, the Oilers overcame a two-games-to-none deficit to beat the Los Angeles Kings in the first round of the post-season. Last year, they faced elimination by the Vancouver Canucks but won the final two games of their best-of-seven second-round series to win it. And, also last year, they tried to pull off the near-impossible – come back from being down three games to none in the Stanley Cup Final against these same Panthers – and ended up short by one game. 'If it's a close game ... you're not going to see that because it's a one-goal game, but often in the playoffs, if a game is getting out of hand like it was (Monday), then at the end of the game, things will always happen.' — Georges Laraque 'They've been through, even in this series, really tough losses,' Sereda said. 'With that in mind, and thinking back to the past few rounds, to past years, they've been able to bounce back. They've proven to themselves that they can effectively do it ... 'Drawing on that experience and hopefully having a little bit more distance from (Monday's) game will hopefully allow them to prepare more objectively and effectively.' Laraque, Toskala, Georges San Jose Sharks goalie Vesa Toskala (left) watches the puck as teammate Josh Georges gets knocked over by Edmonton Oilers Georges Laraque (right) during first period NHL Western Conference semi-final action in Edmonton Friday May 12, 2006. (Chuck Stoody/The Canadian Press) Laraque said 'it's crucial' the Oilers win Game 4 in Sunrise, Fla., and expects they will. 'They're going to be disciplined, and they'll do everything to come back with the win,' he said. '(For) Game 4, knowing how important that it is, I think the Oilers will raise their level of play, and they have a really good road record in the playoffs this year. 'They know what they have to do.' With files from CTV News Edmonton's Nicole Weisberg