Canadian Underwriter

Topic Nova Scotia

Workers cleaning up devastation from Hurricane Fiona
News AdjustersCatastrophesClaimsClaims ProfessionalsClaims TechnologyCommercialEnvironmentalNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal AutoPersonal HomeProperty

What claims adjusters are seeing from Fiona

September 28, 2022 by Jason Contant

Claims adjusters are seeing a wide variety of personal and commercial lines claims in the wake of post-tropical storm Fiona – everything from food spoilage and infrastructure claims to total losses. “Currently, we are seeing claims for personal and commercial

Cleaning up in Charlottetown after Fiona
News AdjustersClaimsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal HomeQuebec

How much will Fiona cost Canadian P&C insurers?

September 27, 2022 by Jason Contant

Post-tropical storm Fiona could cost the Canadian property and casualty insurance industry between $300 million and $700 million, ratings agency DBRS Morningstar said in a commentary Tuesday. “Fiona will likely be one of the largest catastrophic events in history for

Two cottages destroyed by Fiona in PEI
News CatastrophesClaimsEnvironmentalNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal HomePropertyQuebecSupply Chain

Atlantic Canada assesses damage from post-tropical storm Fiona

September 26, 2022 by Jason Contant

Post-tropical storm Fiona swept through Atlantic Canada and eastern Quebec this weekend, knocking out power to hundreds of thousands of people, washing away homes and cottages, and causing widespread flooding and infrastructure damage. While the insured and economic damages associated

Heavy rain in Halifax ahead of Hurricane Fiona's landfall
News ClaimsEmerging RisksEnvironmentalLoss ControlNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal HomeProperty

Hurricane risk: What the future holds for Canada

September 23, 2022 by Jason Contant

Canada will be increasingly at risk for more frequent and severe hurricanes going forward due to climate change, Swiss Re told Canadian Underwriter in an interview Friday. “Sea surface temperatures [are] rising, which means storms will be able to travel

Coastal storm in Nova Scotia
News ClaimsEnvironmentalNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal HomeQuebec

Where and when Hurricane Fiona is projected to hit Canada

September 21, 2022 by Jason Contant

Environment Canada (EC) has issued a tropical cyclone warning for the Atlantic provinces and southern Quebec as Hurricane Fiona is expected to impact the region starting Thursday evening and continuing into weekend. “This storm is shaping up to be a

Breaking wave from hurricane-force winds
News CatastrophesClaimsEnvironmentalNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal HomeProperty

What’s Hurricane Fiona’s projected path into Canada?

September 19, 2022 by Jason Contant

Hurricane Fiona could strike Atlantic Canada with tropical storm-force winds or stronger by Saturday, according to projections from the hurricane forecasters in Canada and the U.S. An advisory issued 5 a.m. AST on Monday by the U.S. National Hurricane Center

Office workstation top view with businesspeople working around M&A
News B.C.BrokersCommercialManagementMergers and AqcuisitionsNova ScotiaOntarioOperationsPersonal AutoPersonal Home

Busy month in M&A for BrokerLink, Westland

September 14, 2022 by Jason Contant

BrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them.  BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and

two miniature white houses resting in a puddle outside
News AlbertaB.C.InsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Feds’ task force reveals preferred flood insurance models

August 30, 2022 by Alyssa DiSabatino

A federal government task force on flood insurance is leaning toward the public insurer and layered public insurer models of flood insurance programs for Canada. The public insurer model features a Crown corporation that underwrites comprehensive flood insurance through the

a man holds a green beer bottle in one hand and the steering wheel of his car in the other
News AlbertaInsurersNova ScotiaOntarioPersonal AutoSaskatchewan

Number of impaired drivers issues alarm bell for insurer

August 29, 2022 by Alyssa DiSabatino

Saskatchewan Government Insurance statistics show a record this year in impaired driving offences.  The province’s law enforcement stopped 497 impaired drivers, including 292 drivers who were charged with Criminal Code offences this July, according to SGI’s Traffic Safety Spotlight.  “While

Tanker carrying liquified natural gas from Canada
News AlbertaB.C.CommercialEmerging RisksEnvironmentalInsurersNewfoundland & LabradorNova Scotia

Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?

August 26, 2022 by Philip Porado

Canadian insurers have a future opportunity to cover the infrastructure required for hydrogen energy products, commercial insurance brokers say. For example, if Europe wants its efforts to reduce dependence on Russian natural gas supplies to be successful, it will need

Family home with car in the driveway
News AlbertaB.C.BrokersInsurersLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeQuebecSaskatchewan

Is the personal lines hard market abating?

August 4, 2022 by Jason Contant

Personal lines in Canada’s property and casualty insurance industry still appear to be in the grip of a hard market cycle, with both personal auto and property premium rates generally showing high, single-digit rate increases. On average, personal auto quoted

Stormy sky with a wall of clouds
News AlbertaB.C.BrokersEnvironmentalInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Will this week’s weather events result in Cat damages?

July 25, 2022 by Alyssa DiSabatino

While Europe is experiencing record-breaking heat waves, western Canada had some severe heat and storms of its own between July 16-20. And although they were expected to have caused millions in damage, it won’t breach catastrophe territory, according to Aon’s