Topic Newfoundland & Labrador
Why the impact of an Intact-RSA combo would vary by province
November 6, 2020 by Greg MeckbachThings could get interesting for brokers in Atlantic Canada if Intact takes over RSA’s Canadian operations, a Saskatchewan broker told Canadian Underwriter Friday. That being said, he felt if the proposed deal announced Thursday goes through, it would still leave…
House fire in small Newfoundland town spreads to other buildings
October 7, 2020 by The Canadian PressHEATHERTON, N.L. – A number of buildings are on fire in the small town of Heatherton, N.L. Muriel Brown works at the local Home Hardware store and says all she sees is smoke and flames when she steps out of…
Latest forecast has Hurricane Teddy on a course for Atlantic Canada
September 21, 2020 by The Canadian PressHALIFAX – Weather warnings have been issued for virtually all of Atlantic Canada as hurricane Teddy advances toward the East Coast. A tropical storm watch is in effect for the Atlantic coastlines of mainland Nova Scotia and Cape Breton, where…
Hurricane warnings: Is it crying wolf when storms aren’t as bad as expected?
August 31, 2020 by David GambrillWhile Hurricane Laura’s insured damage estimates in the United States range anywhere between $4 billion to $12 billion, the post-tropical storm predicted for Atlantic Canada did not quite reach the level of intensity initially forecast for the Maritimes last Thursday.…
Non-resident property owners allowed back in Newfoundland and Labrador soon
August 27, 2020 by Jason ContantST. JOHN’S, N.L. – People who own property in Newfoundland and Labrador but who don’t live there full-time can apply to enter the province next week. Dr. Janice Fitzgerald, the province’s chief medical officer of health, said Wednesday that the…
Rapid-intensity Hurricane Laura ultimately headed for Newfoundland
August 26, 2020 by David GambrillThe path of Hurricane Laura — which is currently located off the U.S. Gulf Coast and described as one of the fastest-intensifying storms in history — is tracking to hit St. John’s, Nfld., next Monday as a post-tropical storm, according…
How this Canadian city is preparing for more storms and rain
August 26, 2020 by The Canadian PressST. JOHN’S, N.L. – St. John’s is making changes to city infrastructure as it prepares for a wetter, warmer future with more intense storms. A report on climate models for the coastal Newfoundland and Labrador capital was presented at city…
Top court to consider release that excludes ‘claims of any kind or nature whatsoever’
August 14, 2020 by Greg MeckbachThe legal status of a release that excludes a personal injury claimant from pursuing further claims arising out of the incident “of any kind or nature whatsoever” against the City of Corner Brook, Nfld., is headed to the Supreme Court…
Why this BrokerLink exec thinks COVID could accelerate brokerage M&A
August 12, 2020 by David GambrillBefore 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…
Briefing Note: Newfoundland and Labrador
July 12, 2020 by Canadian Underwriter StaffCanada’s most easterly province had a tough start to 2020, says Kelly Hickman, president of South Coast Insurance in St. John’s. The province’s brokers have been working through a tough commercial market. They’re seeing “tighter underwriting restrictions, and less capacity,”…
How IBC would change auto insurance regulation in four provinces
June 26, 2020 by Greg MeckbachMotorists 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…
How many winter storms has Newfoundland already had this season?
February 28, 2020 by The Canadian PressST. 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…