Canadian Underwriter

Topic New Brunswick

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Why auto rates are increasing despite fewer drivers on the road

March 6, 2021 by Jason Contant

Average auto insurance rates rose in Canada during the second half of 2020 despite the COVID-19 pandemic and lockdowns that led to fewer drivers on the road, a new report from LowestRates.ca found. The average auto insurance premium climbed by

News BrokersMergers and AqcuisitionsNew BrunswickNova ScotiaP.E.I.

Why size matters to Western Financial Group

March 4, 2021 by Greg Meckbach

Some brokers are entering into mergers or partnerships so they can more easily place hard-to-find coverage, according to one brokerage executive. “We just feel that some brokers who do not necessarily have our volume are struggling to find market support

News B.C.BrokersCommercialManitobaMergers and AqcuisitionsNew BrunswickOperationsSaskatchewan

Brokerages snapped up coast-to-coast in latest M&A deals

March 3, 2021 by Jason Contant

Canadian brokerage acquisitions continue coast-to-coast with the recent purchases of four brokerages in British Columbia, Saskatchewan, Manitoba and New Brunswick. Navacord, B.C.-based brokerage Waypoint Insurance, Archway Insurance and Westland Insurance Group (which bought two brokerages) all made acquisition announcements at

News AlbertaBrokersCommercialManagementNew BrunswickNova ScotiaOperationsP.E.I.

How Western Financial made its presence known in Atlantic Canada

March 1, 2021 by Greg Meckbach

Western Financial Group is taking a non-controlling interest in Saint John, N.B.-based Huestis Insurance Group. The exact terms of the deal, announced Feb. 23, were not disclosed, other than it will give the High River, Alta.-based Western Financial a “significant”

News ClaimsNew BrunswickNova ScotiaP.E.I.

Messy winter storm slams into the Maritimes

February 2, 2021 by Michael MacDonald - THE CANADIAN PRESS

HALIFAX – A winter storm lashed the Maritimes with strong winds, snow and ice pellets on Tuesday, causing power outages and forcing the closure of schools and businesses. Snowfall and winter storm warnings were issued for much of the region,

News AlbertaB.C.BrokersClaimsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeQuebecSaskatchewan

Canadian auto and property insurance rates headed in opposite directions

February 1, 2021 by Jason Contant

Average personal auto premium rates in Canada decreased 2.6% in 2020 Q4 compared to the same period in 2019, but some provinces did see an increase, according to the latest results from Applied Systems’ premium rate index. On average, both

News ClaimsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Winter storm churning out powerful winds expected to slam into Atlantic Canada

February 1, 2021 by The Canadian Press

Environment Canada has issued a series of weather warnings for the Atlantic region, as a winter storm is expected to deliver an ugly mix of snow, rain, ice pellets and strong winds on Tuesday and Wednesday. Snowfall warnings are in

News ClaimsCyberNew BrunswickTechnology

New Brunswick city rebuilding its IT system after major cyberattack

January 15, 2021 by The Canadian Press

Saint John, N.B., is rebuilding its computer network rather than submitting to criminals who launched a cyber attack against the city in November. City manager John Collin updated council Monday on the city’s efforts to rebuild its IT system following

News B.C.BrokersCommercialMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsPersonal AutoPersonal HomeQuebec

Brokerage M&A off to a strong start in 2021

January 7, 2021 by Jason Contant

Large Canadian brokerage Westland Insurance Group Ltd. now has a coast-to-coast presence with its acquisition of Storm Insurance Group, which has offices in Nova Scotia and Quebec. The deal, which closed Wednesday, is one of three acquisitions closed or announced

News ClaimsNew BrunswickNova ScotiaP.E.I.

Thousands of Nova Scotians without power after first winter storm of 2021

January 4, 2021 by The Canadian Press

HALIFAX – A prolonged holiday warm spell ended with a vengeance over the weekend across Atlantic Canada, leaving double-digit snowfall totals in three provinces and thousands of Nova Scotia residents in the dark on Sunday. The website for Nova Scotia

News ClaimsNew BrunswickPersonal HomeProperty

Flooding from heavy rain washes out New Brunswick bridge

December 10, 2020 by The Canadian Press

SUSSEX, N.B. – A New Brunswick woman finds herself still stranded a week after flooding washed out a bridge to her home. Mary Ann Coleman of Waterford, N.B., in the southeast of the province, says she knew there was a

News ClaimsNew BrunswickPersonal HomeProperty

Storm could cause flooding in parts of New Brunswick

November 30, 2020 by The Canadian Press

FREDERICTON – Emergency Measures officials in New Brunswick are urging residents to be prepared for a large storm system that has the potential to cause flooding in low-lying areas. The storm, which is expected to hit the province later today,