Topic Newfoundland & Labrador
Top 5 Canadian P&C insurance appointments in 2019
December 20, 2019 by Greg Meckbach2019 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…
After Dorian: Will Canada hit $2 billion in insured losses again this year?
October 7, 2019 by Jason ContantCanada 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…
Did Dorian create a capacity issue for claims adjusters?
September 24, 2019 by Jason ContantEven 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…
New president at Insurance Brokers Association of Canada
September 20, 2019 by Greg MeckbachKent 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…
Dorian tracking to pack hurricane-force winds when it hits Atlantic Canada
September 5, 2019 by Jason ContantHurricane 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…
A new real-time model for predicting urban flood resilience
August 29, 2019 by Jason ContantA 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…
Flash flooding risk in Maritimes as Storm Erin arrives
August 29, 2019 by THE CANADIAN PRESSHALIFAX – 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…
Proposed auto reforms in Newfoundland ‘don’t go far enough’: IBC
April 25, 2019 by Greg MeckbachIf 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…
Tropical Storm Chris could make landfall on Newfoundland
July 10, 2018 by Greg MeckbachNewfoundland’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…
Minor injury caps coming to Newfoundland?
November 17, 2017 by Greg Meckbach, Associate EditorBrokers placing auto insurance in Newfoundland and Labrador should get in touch with politicians to put an ongoing review on their radar screen, and to let Insurance Bureau of Canada know whether they have any ideas on how to fix…