Topic Newfoundland & Labrador
Intact-RSA deal awaits final clearance for takeoff on June 1
May 6, 2021 by David GambrillIntact Financial Corporation and Dutch insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. The last items remaining on the to-do…
COVID’s effect on Canadian auto and property rates
April 22, 2021 by Jason ContantEndorsements to auto policies as a result of changing driving habits from COVID-19 are resulting in average premium rate renewal decreases across most of the country, according to Applied Systems’ latest rating index report. Personal property rates, on the other…
Three large Canadian brokerages announce separate M&A deals
April 8, 2021 by Jason ContantThree large Canadian brokerages have announced recent acquisitions of other brokerages. On Thursday, Westland Insurance reported it closed its acquisition of MBS Insurance Brokers, effective Apr. 1. Navacord Corp. added LL Renaissance Insurance Brokerage Canada Limited to its ranks, while…
Why auto rates are increasing despite fewer drivers on the road
March 6, 2021 by Jason ContantAverage 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…
Punishing winter storm belts East Coast with heavy snow and high winds
February 8, 2021 by The Canadian PressHALIFAX – Most of Nova Scotia, Prince Edward Island and Newfoundland are being pounded by heavy snow and high winds Monday, creating whiteout conditions in many areas. The storm moved into the Maritimes overnight heading west to east and is…
Canadian auto and property insurance rates headed in opposite directions
February 1, 2021 by Jason ContantAverage 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…
Winter storm churning out powerful winds expected to slam into Atlantic Canada
February 1, 2021 by The Canadian PressEnvironment 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…
Church’s liability to victims confirmed as legal battle over Mount Cashel abuse ends
January 18, 2021 by Sarah Smellie - THE CANADIAN PRESSST. JOHN’S, N.L. – The Supreme Court of Canada has refused a bid by the Roman Catholic archdiocese in St. John’s to appeal a ruling that found it liable for sexual abuse at the former Mount Cashel orphanage. Thursday’s court…
Central Labrador snowfall breaks one record, nearly smashes a second
November 25, 2020 by The Canadian PressHAPPY VALLEY-GOOSE BAY, N.L. – A two-day snowstorm that began Monday has buried central Labrador under a record-setting blanket of snow. Environment Canada meteorologist David Neil said today the 75 centimetres of snow covering Happy Valley-Goose Bay is the second-largest…
‘Nasty day’ in Labrador as blizzard dumps 63 cm of snow – and counting
November 24, 2020 by The Canadian PressHAPPY VALLEY-GOOSE BAY, N.L. – People in parts of Labrador are facing a few tough shifts of snow shovelling. As a blizzard rips across much of Labrador today, Environment Canada meteorologist David Neil says Happy Valley-Goose Bay was leading the…
45,000 litres of oil spilled at Churchill Falls hydroelectric station in Labrador
November 13, 2020 by The Canadian PressCHURCHILL FALLS, N.L. – Nalcor Energy says about 45,000 litres of oil spilled at the Churchill Falls hydroelectric plant switchyard in Labrador. In a news release Thursday, the Newfoundland and Labrador energy corporation says the oil spilled from a transformer…
Fire aboard shrimp trawler off Newfoundland started in sauna: investigation report
November 12, 2020 by The Canadian PressST. JOHN’S, N.L. – The Transportation Safety Board says a fire in January aboard a large factory-freezer trawler started in the ship’s sauna as the vessel was catching and processing shrimp off the coast of Newfoundland. The independent agency, in…