Canadian Underwriter

Topic Nova Scotia

Teamwork and collaboration
News BrokersCommercialHRNova ScotiaOperationsPersonal AutoPersonal Home

How smaller brokerages can level the playing field

January 23, 2024 by Jason Contant

Smaller brokerages in the Canadian P&C insurance space can benefit from sharing best practices and platforms with other brokerages while still remaining independent, said the president of a family-owned brokerage in Nova Scotia.  Earlier this month, Halifax-based Keyes Insurance became

A city worker shovels snow in Vancouver
News AlbertaB.C.ClaimsClaims Canada ArchiveEnvironmentalManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNWTOntarioPersonal HomeQuebecSaskatchewan

Snowstorm inbound for Metro Vancouver as winter weather rages across Canada

January 16, 2024 by The Canadian Press

VANCOUVER – Environment Canada says a snowstorm is expected to hit Metro Vancouver, Greater Victoria and beyond, bringing up to 20 centimetres of accumulation and possible freezing rain to southern British Columbia. The weather agency has issued a snowfall warning

M&A concept
News AlbertaB.C.BrokersCommercialHRManagementMergers and AqcuisitionsMGAsNova ScotiaOperationsPersonal AutoPersonal Home

Two brokerages, one MGU involved in recent deals

January 15, 2024 by Jason Contant

Editor’s Note: This story has been corrected to clarify that Keyes Insurance was not acquired by the Canadian Broker Network but rather joined its membership. Keyes Insurance remains a fully independent brokerage solely owned by Shaun Keyes. Canadian Underwriter apologizes

The Red Sea conflict is delaying ships in the Port of Halifax.
News ClaimsClaims Canada ArchiveCommercialEmerging RisksNova ScotiaSupply Chain

Tremors from Red Sea conflict start to shake Canada, with dozens of ships delayed

January 15, 2024 by The Canadian Press

MONTREAL – Canadian shippers are starting to feel the strain of attacks on cargo vessels in the Red Sea, as container rates rise and boats are late to arrive.  Port data shows that two-thirds of the 43 ships slated to

Firefighters battle a wildfire blaze
News AlbertaB.C.CatastrophesClaimsInsurersLoss ControlLoss TrendsNewfoundland & LabradorNova ScotiaOntarioPropertyQuebec

What the industry learned from a 20-year-old wildfire

January 11, 2024 by Jason Contant

The devastation of British Columbia’s Okanagan Mountain Park wildfire in 2003 was unlike anything Janna Smart had adjusted before. “It was full of raw emotion, chaos, destruction, and limited experience in handling a wildfire in a densely populated area. It

Close up of an industrial bricklayer installing bricks to build back on a construction site
News AlbertaB.C.BrokersCatastrophesClaims ProfessionalsCommercialCommercial AutoConstructionEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomePropertyQuebec

Should insurers help customers build back better…or not at all?

January 4, 2024 by Philip Porado

Increased severity and frequency of NatCats has Canada’s P&C insurance ecosystem seeking ways to add resilience to the claims process. This includes build back better initiatives to encourage adding things like hurricane straps or hail-resistant shingling to roof rebuilds to

Damage to homes from a wildfire outside of Halifax.
News CatastrophesClaimsClaims Canada ArchiveNova ScotiaPersonal Home

Homeowners discuss the high insurance costs of wildfires

January 2, 2024 by Michael Tutton - THE CANADIAN PRESS

HALIFAX – Seven months after a wildfire left a charred, 1,000-hectare scar on the western suburbs of Halifax, less visible damage persists in the lives of those who lost their homes to the flames. Lindsay Law said the financial and

Insurance losses going down the drain
News AlbertaB.C.BrokersClaimsEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioPersonal AutoPersonal HomeQuebecRisk ManagersTrusted Advisor

How insurers can manage losses as NatCat events ramp up

December 18, 2023 by Philip Porado

Whatever’s driving increasingly devastating storms over the past decade, one thing is certain — insurers have watched NatCat losses ramp up over the past decade. “It used to be an unusual year where you’d have more than a billion dollars

Anne Fortin appointed president of Intact Insurance.
News AlbertaB.C.HRInsurersManagementManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioQuebec

Intact Insurance names president

December 15, 2023 by Jason Contant

Intact Financial Corporation (IFC) has appointed Anne Fortin as president of Intact Insurance, effective Jan. 1, 2024.  In her new role, Fortin will have responsibility for the Quebec, West, Ontario and Atlantic divisions of Intact Insurance, the insurer said in

Fire, flood, hurricane
News AlbertaB.C.BrokersCatastrophesClaimsInsurersLoss ControlLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaPersonal AutoPersonal Home

Can Canada’s P&C industry catch up to NatCats?

December 14, 2023 by Philip Porado

In much of Nova Scotia, last summer was hell. The Tantallon wildfire in May and June generated $165 million in insured damage, mostly for personal property, by the time the flames went out July 4. In a normal year, residents

Radio and flashlight, symbolizing disaster prevention
News ClaimsEnvironmentalNew BrunswickNova ScotiaP.E.I.Personal Home

Power outages drag on after powerful windstorm sweeps through the Maritimes

December 13, 2023 by The Canadian Press

HALIFAX – Tens of thousands of residents across the Maritimes woke up Tuesday without electricity as utility crews scrambled to repair downed power lines after a powerful windstorm roared over the region on Monday. More than 23,000 Nova Scotia Power

Cybersecurity of file-transfer systems
News ClaimsClaims Canada ArchiveCommercialCyberLegalNova ScotiaTechnology

Nova Scotia privacy commissioner to investigate file-sharing cyber breach

December 8, 2023 by The Canadian Press

HALIFAX – Nova Scotia’s information and privacy commissioner has launched an investigation into the theft of personal information from a file-transfer system used by the provincial government. In June, the government confirmed a cybersecurity breach involving a third-party system known