Canadian Underwriter

Topic Newfoundland & Labrador

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How much Intact has improved its personal property loss ratio

November 15, 2021 by Greg Meckbach

As home insurance prices continue to climb, Intact Financial Corp. reported an underwriting profit in personal property in the latest quarter, despite higher-than-normal weather catastrophe losses. The personal property line “should operate” with combined ratios below 95% “even with severe

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Expert says N.L. cyberattack worst in Canadian history, deserves federal response

November 5, 2021 by Sarah Smellie - THE CANADIAN PRESS

ST. JOHN’S, N.L. – The cyberattack that knocked down Newfoundland and Labrador’s health system data centres Saturday is a national security issue and should be treated as such by Ottawa, security experts say. David Shipley, chief executive officer of Beauceron

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Suspected cyberattack in N.L. hits ‘brain’ of province’s health care system

November 2, 2021 by The Canadian Press

ST. JOHN’S, N.L. – A suspected cyberattack on Newfoundland and Labrador’s health network has led to the cancellation of thousands of medical appointments across the province and forced some local health systems to revert to paper. The “brain” of the

The roof of Mary Queen of Peace elementary school was torn off after Hurricane Larry crossed over Newfoundland's Avalon Peninsula in the early morning hours, in St. John's, Saturday, Sept. 11, 2021. THE CANADIAN PRESS/Paul Daly
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Hurricane Larry will probably cost the industry this much

October 27, 2021 by Greg Meckbach

Insurers will probably pay out $25 million towards claims from Hurricane Larry. That is the initial estimate from Catastrophe Indices and Quantification Inc. (CatIQ), the Insurance Bureau of Canada said Wednesday in a press release. Hurricane Larry made landfall on

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Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill

October 20, 2021 by The Canadian Press

ST. JOHN’S, N.L. – Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board

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How auto insurance rates are trending in Alberta, Ontario and Atlantic Canada

October 8, 2021 by Jason Contant

Auto insurance rates plunged in Alberta and Ontario this spring, while rates stayed flat in Atlantic Canada, according to Q2 2021 results from LowestRates.ca’s latest Auto Insurance Price Index Report. In Alberta, rates decreased 11% quarter-over-quarter after a steep incline

News AdjustersBrokersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLoss TrendsNewfoundland & LabradorPersonal HomeProperty

Will Hurricane Larry meet the cat threshold?

September 14, 2021 by Greg Meckbach

Losses to Canadian clients, from Hurricane Larry, seem to be comprised mainly of wind damage to residential property on Newfoundland Avalon’s peninsula, according to reports from adjusters so far. Hurricane Larry, which originated in the North Atlantic Ocean, passed by

The roof of Mary Queen of Peace elementary school was torn off after Hurricane Larry crossed over Newfoundland's Avalon Peninsula in the early morning hours, in St. John's, Saturday, Sept. 11, 2021. THE CANADIAN PRESS/Paul Daly
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What we know so far about Canadian Hurricane Larry claims

September 12, 2021 by Greg Meckbach

Kent Rowe cannot remember winds as bad as they were this past weekend in the Newfoundland and Labrador capital. “We saw gusts here in St. John’s of up to 145 kilometres an hour that lasted for about five or six

News AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLoss TrendsNewfoundland & LabradorPersonal HomeProperty

Hurricane Larry makes landfall in eastern Newfoundland

September 11, 2021 by THE CANADIAN PRESS

ST. JOHN’S, N.L. – Hurricane Larry made landfall as a Category 1 storm in eastern Newfoundland, arriving near South East Bight around midnight local time, according to the National Hurricane Centre in Miami. The storm crashed inland on the western

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Hurricane Larry has arrived at this Canadian location

September 10, 2021 by Greg Meckbach

Hurricane Larry reached Placentia Bay, Nfld. shortly before midnight Friday night. Environment Canada warned southeastern Newfoundland residents Friday that high winds could topple trees, leading to downed power lines. At 11:57 p.m. Atlantic time (12:27 a.m. local time), the center

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Where Hurricane Larry is forecast to make landfall in Canada

September 9, 2021 by Greg Meckbach

Flooding could affect property clients Sept. 10 in the Placentia Bay area of Newfoundland, as winds off the coast may reach 130 kilometres per hour and some areas could get about 50 millimetres of rain. “Hurricane Larry is expected to

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Centre of storm Larry could travel across Avalon Peninsula

September 8, 2021 by Greg Meckbach

Large Atlantic Ocean waves will soon affect Canada’s east coast as Hurricane Larry continues to move north. UPDATE – Hurricane Larry makes landfall in eastern Newfoundland “Significant swells will begin to reach the east coast of the United States and