Canadian Underwriter

Topic Nova Scotia

Four chairs side-by-side, three blue and one white
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Behind IBC’s recent executive shuffle

September 18, 2023 by Jason Contant

Amanda Dean is now interim vice president of Insurance Bureau of Canada’s (IBC) Ontario region, temporarily moving over from her role as IBC’s vice president of Atlantic Canada following a decision by IBC’s former Ontario vice president, Kim Donaldson, to

A downed tree is shown in a yard in Fredericton, N.B. during hurricane-turned post tropical storm Lee
News CatastrophesClaimsEnvironmentalInsurersLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Will Hurricane Lee cost as much as Fiona?

September 18, 2023 by Alyssa DiSabatino

Damage stemming from Hurricane Lee won’t be as major as last September’s Hurricane Fiona, insurance experts tell Canadian Underwriter.   “At more than $800 million in insured damage, Hurricane Fiona goes down as the costliest natural hazard-related insured loss event

Hurricane Lee approaches Atlantic Canada. Satellite image
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Lee update: Where the damage is likely to happen

September 14, 2023 by David Gambrill

New Brunswick and Nova Scotia are bracing for flooding and high winds as Hurricane Lee approaches landfall in Atlantic Canada as a Category 1 storm. Currently showing wind speeds of 155 km/h, Lee is expected to become a strong tropical

M&A with wooden blocks
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BrokerLink continues expansion with Atlantic Canada acquisition

September 13, 2023 by Jason Contant

BrokerLink continues its growth in Atlantic Canada with the acquisition of Nova Scotia-based brokerage Roger E. Strum Limited. Headquartered in Windsor, N.S., Strum Insurance has offered professional guidance for home, auto, motorcycle, recreational vehicle, boat and business insurance for more

Satellite image of Hurricane Lee
News CatastrophesClaimsClaims ProfessionalsInsurersNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Property

What to expect if Lee makes landfall in the Maritimes

September 12, 2023 by David Gambrill

It’s increasingly likely Hurricane Lee will make landfall in Atlantic Canada this weekend as either a strong tropical storm or a weak Category 1 hurricane. The Canadian Hurricane Centre and AccuWeather report they are increasingly confident Hurricane Lee will hit

Flooding in Nova Scotia in July 2023
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Government won’t commit to buying out homes ravaged by recent N.S. flooding

September 8, 2023 by The Canadian Press

HALIFAX – Nova Scotia’s housing minister says any request for the province to buy homes damaged in a Halifax suburb in flooding last July would have to come from the municipality. John Lohr says while he’s not prepared to say

The McDougall Creek wildfire in West Kelowna, BC.
News AdjustersAlbertaB.C.ClaimsClaims Canada ArchiveEnvironmentalLoss TrendsNova ScotiaNWTPersonal HomeSaskatchewanYukon

Feds predict parts of Canada could see wildfires through winter

September 7, 2023 by The Canadian Press

OTTAWA – The latest federal government forecast says Canada’s already unprecedented 2023 wildfire season could continue late into the fall or winter.   Energy and Natural Resources Minister Jonathan Wilkinson says there is potential for increased wildland fire activity from eastern

Hurricane Fiona Cloud Map Nova Scotia 3D Render Color
News CatastrophesClaimsInsurersNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Hurricane Lee: Why the Canadian P&C industry is watching

September 7, 2023 by David Gambrill

Hurricane Lee is strengthening into a powerhouse Category 5 storm, and some preliminary scenarios suggest it could hit Atlantic Canada as a tropical storm sometime next week, AccuWeather is forecasting. “Lee poses a risk to people from the northern Caribbean

Man with a hoodie breaking into a car door
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Auto theft’s impact on your clients’ premiums

August 29, 2023 by Alyssa DiSabatino

Premiums for commonly stolen vehicles have increased between 25% and 50% over the last two years, according to data from RatesDotCa.  Insurers are bumping up rates after the Canadian P&C insurance industry paid out a record $1 billion for auto

News ClaimsNewfoundland & LabradorNova Scotia

What’s Franklin have in store for Atlantic Canada?

August 29, 2023 by Philip Porado

As Hurricane Franklin starts turning North, Atlantic Canada is watching and waiting to see whether it makes a direct hit, or if the storm will weaken before reaching Canada’s coast, as current maps suggest. Franklin is expected to cross the

Close up of a hand holding a glass of red wine in a winery vineyard
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Grapes of wrath: How the wildfires could burn your winery clients

August 25, 2023 by Alyssa DiSabatino

As wildfires rage across Canada, wineries might struggle to keep smoke from tainting their crops.  Such was the case for wineries operating in and around southern Oregon in 2020, said Heidi Moore, insurance agent for U.S-based Country Financial and host

Buildings are seen in floodwater following a major rain event in Halifax on Saturday, July 22, 2023. A long procession of intense thunderstorms have dumped record amounts of rain across a wide swath of Nova Scotia, causing flash flooding, road washouts and power outages
News AdjustersBrokersCatastrophesClaimsEmerging RisksEnvironmentalInsurersNova Scotia

What the Nova Scotia floods cost insurers

August 24, 2023 by Alyssa DiSabatino

A flood and rainstorm event that hit Nova Scotia in July is estimated to have caused over $170 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ).  The atmospheric river event dropped more than