Canadian Underwriter

Topic Newfoundland & Labrador

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Why this BrokerLink exec thinks COVID could accelerate brokerage M&A

August 12, 2020 by David Gambrill

Before the pandemic, hard market conditions and the increasing digitization of brokerages were already reasons for some broker principals to ponder selling the business and moving on, but the novel coronavirus may have further accelerated the pace of M&A, says

News AlbertaLegalNewfoundland & LabradorNova ScotiaOntarioPersonal AutoTechnology

How IBC would change auto insurance regulation in four provinces

June 26, 2020 by Greg Meckbach

Motorists in Ontario, Alberta, Nova Scotia and Newfoundland and Labrador should be allowed to buy pay-per mile insurance, an Insurance Bureau of Canada official says. Those four provinces already allow usage-based insurance, wrote Ryan Stein, IBC’s executive director of auto

News ClaimsNewfoundland & Labrador

How many winter storms has Newfoundland already had this season?

February 28, 2020 by The Canadian Press

ST. JOHN’S, N.L. – Newfoundland was gripped by another winter storm Friday, its 22nd of the season. Environment Canada issued advisories and winter storm warnings across the island this morning, mostly for blowing snow especially heavy in the morning that

News HRNewfoundland & LabradorQuebec

Top 5 Canadian P&C insurance appointments in 2019

December 20, 2019 by Greg Meckbach

2019 saw a changing of the guard at several brokerages, insurers and associations. Here are the top 5. Gallagher Canada CEO Arthur J. Gallagher & Co., the fourth biggest property and casualty brokerage in the world, announced Dec. 5 that

News CatastrophesClaimsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

After Dorian: Will Canada hit $2 billion in insured losses again this year?

October 7, 2019 by Jason Contant

Canada has already surpassed $1 billion in insured losses with nearly three months left in 2019, according to Catastrophe Indices and Quantification Inc. (CatIQ). “Last year, insured damage from severe weather across Canada exceeded $2 billion, the fourth-highest amount of

News AdjustersCatastrophesClaimsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Did Dorian create a capacity issue for claims adjusters?

September 24, 2019 by Jason Contant

Even though post-tropical storm Dorian knocked out power to about 80% of homes and businesses in Nova Scotia, and left thousands more without power in the other Atlantic provinces, claims adjusters were well-equipped to deal with its aftermath. “In the

News BrokersNewfoundland & Labrador

New president at Insurance Brokers Association of Canada

September 20, 2019 by Greg Meckbach

Kent Rowe is now the president of the Insurance Brokers Association of Canada. Rowe, a former president of the Insurance Brokers Association of Newfoundland, was inducted into his new role after IBAC’s annual general meeting Thursday. By day, Rowe works

News ClaimsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Dorian tracking to pack hurricane-force winds when it hits Atlantic Canada

September 5, 2019 by Jason Contant

Hurricane Dorian will likely pass over Nova Scotia and Prince Edward Island with hurricane force winds, before developing into a post-tropical storm over Newfoundland and Labrador, according to the latest projections from the Canadian Hurricane Centre (CHC). A tropical cyclone

News CatastrophesNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Risk Managers

A new real-time model for predicting urban flood resilience

August 29, 2019 by Jason Contant

A newly-proposed flood model can provide a real-time prediction of urban flooding caused by heavy rainfall in a changing climate, but it may not be of particular interest to insurers. “The model can be used not only for real-time flooding

News CatastrophesClaimsClaims Canada ArchiveNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Flash flooding risk in Maritimes as Storm Erin arrives

August 29, 2019 by THE CANADIAN PRESS

HALIFAX – Heavy rain was reported Thursday in parts of the Maritimes as Erin, now a post-tropical weather system, advanced toward the region. Environment Canada issued rainfall warnings for southeastern New Brunswick, parts of western and northern Nova Scotia and

News ClaimsLegalNewfoundland & Labrador

Proposed auto reforms in Newfoundland ‘don’t go far enough’: IBC

April 25, 2019 by Greg Meckbach

If the Newfoundland and Labrador government increases the deductible for pain and suffering awards in auto accident lawsuits, a reduction in claims costs will not necessarily follow, says the Insurance Bureau of Canada’s CEO. Newfoundland and Labrador has had a

News CatastrophesClaimsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Tropical Storm Chris could make landfall on Newfoundland

July 10, 2018 by Greg Meckbach

Newfoundland’s Avalon Peninsula could get wind gusts of up to 100 km/h this week as a result of Tropical Storm Chris, which is expected to be upgraded to hurricane status Tuesday. Tropical Storm Chris was in the Atlantic Ocean more