Canadian Underwriter

Topic Nova Scotia

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Threat of adverse selection prompts auto carrier to start credit checks

July 13, 2021 by Greg Meckbach

Nova Scotia motorists who consent to a “soft” credit check from Economical Insurance will soon be eligible to get a discount on their auto premium, the province’s regulator announced Monday. The Nova Scotia Utility and Review Board (NSURB) has already

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Westland buys two digital brokerages

July 8, 2021 by David Gambrill

Westland Insurance has acquired two digital brokerages in a move intended to expand its tech offerings to brokers, renters, and homeowners. In the first of two deals announced Thursday, Agile Underwriting Solutions, owned by Westland, has acquired managing general agency

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Former Aviva Canada VP now CEO of TD Insurance

July 7, 2021 by Greg Meckbach

James Russell, a former senior executive with The Dominion of Canada General Insurance Company and Aviva Canada, is now leading The Toronto-Dominion Bank’s property and casualty insurers. Russell’s appointment results from a re-assignment of several TD senior managers. Russell has

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Elsa’s forecasted impact on the Maritimes

July 7, 2021 by David Gambrill

Tropical Storm Elsa is tracking to hit the Maritimes this weekend as a post-tropical storm, potentially dumping up to 50 mm of rain in areas of New Brunswick, Nova Scotia and Prince Edward Island. Currently hitting the Gulf Coast of

News InsurersLegalLicensingLoss TrendsNova ScotiaPersonal AutoTechnology

Insurer ups distracted driving from minor to major conviction

July 6, 2021 by Greg Meckbach

Nova Scotia motorists could be out of luck when they try to renew their auto insurance if they got caught more than once using a hand-held gizmo when they should be paying attention to the road. In a ruling posted

News AlbertaBrokersManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioOperationsP.E.I.

BrokerLink’s take on the surging demand for brokerage M&A

June 30, 2021 by Jason Contant

EDITOR’S NOTE:  This article has been corrected to show that BrokerLink has over $2 billion of written premiums. A previous version of this article icorrectly stated the Intact subsidiary had more than $2.5 billion in premium overall, about $700 of

News ClaimsNewfoundland & LabradorNova Scotia

Tropical storm Claudette expected to bring heavy rain to Atlantic Canada

June 21, 2021 by The Canadian Press

HALIFAX – Tropical storm Claudette is headed for Atlantic Canada. Environment Canada says the storm is expected to dump heavy rain on parts of Nova Scotia and Newfoundland on Tuesday. Earlier today, Claudette was just off the coast of Virginia,

News AlbertaBrokersCommercialMergers and AqcuisitionsNew BrunswickNova ScotiaOntarioOperationsPersonal AutoPersonal Home

M&A growth sets Navacord on course for $3 billion in premium

June 10, 2021 by Jason Contant

Navacord Corp. has finalized a record number of brokerage acquisitions in one month, with four deals already closed across the country in June. The latest transactions represent a total of 18 new locations and over 430 employees. More deals are

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEnvironmentalLegalLoss ControlNova ScotiaPropertyRisk Managers

In pollution claim, ‘sudden’ could mean several months, court finds

June 8, 2021 by Greg Meckbach

Insurance coverage for a “sudden and accidental” release of diesel fuel can include a discharge that continued over several months, the Nova Scotia Court of Appeal has ruled in a commercial coverage dispute. As a result of Zurich Insurance Company

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Hub makes back-to-back acquisitions of Canadian brokerages

June 4, 2021 by Jason Contant

Hub International has made its second brokerage acquisition in two days with the purchase of a family-owned firm in Nova Scotia. Hub announced on Friday that it had acquired Sackville, N.S.-based Salvatore Insurance Brokers Ltd., which provides commercial insurance to

News HRInsurersManagementMergers and AqcuisitionsNova ScotiaOntario

Change of plans for executive lineup at Heartland following Kings merger

April 27, 2021 by Greg Meckbach

Kings Mutual CEO Cara Cameron is not staying on after the Nova Scotia-based insurer merges with Heartland Farm Mutual Inc. If approved by regulators, the Kings-Heartland deal, initially announced on Jan. 18, will take effect June 30. The merger was

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COVID’s effect on Canadian auto and property rates

April 22, 2021 by Jason Contant

Endorsements 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