Topic Nova Scotia
Elsa’s forecasted impact on the Maritimes
July 7, 2021 by David GambrillTropical 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…
Insurer ups distracted driving from minor to major conviction
July 6, 2021 by Greg MeckbachNova 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…
BrokerLink’s take on the surging demand for brokerage M&A
June 30, 2021 by Jason ContantEDITOR’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…
Tropical storm Claudette expected to bring heavy rain to Atlantic Canada
June 21, 2021 by The Canadian PressHALIFAX – 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,…
M&A growth sets Navacord on course for $3 billion in premium
June 10, 2021 by Jason ContantNavacord 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…
In pollution claim, ‘sudden’ could mean several months, court finds
June 8, 2021 by Greg MeckbachInsurance 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…
Hub makes back-to-back acquisitions of Canadian brokerages
June 4, 2021 by Jason ContantHub 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…
Change of plans for executive lineup at Heartland following Kings merger
April 27, 2021 by Greg MeckbachKings 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…
COVID’s effect on Canadian auto and property rates
April 22, 2021 by Jason ContantEndorsements 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…
What’s driving the popularity of pay-as-you-go auto insurance
April 16, 2021 by Adam MalikPay-as-you go insurance demonstrates that auto insurance clients can’t be grouped into a one-size-fits-all solution, says an insurance company exec. CAA president Matthew Turack believes his company’s MyPace product, in which insurance coverage is based on distance driven, shows that…
Three large Canadian brokerages announce separate M&A deals
April 8, 2021 by Jason ContantThree large Canadian brokerages have announced recent acquisitions of other brokerages. On Thursday, Westland Insurance reported it closed its acquisition of MBS Insurance Brokers, effective Apr. 1. Navacord Corp. added LL Renaissance Insurance Brokerage Canada Limited to its ranks, while…
Regulator approves lower deductibles for commercial vehicles — with a caveat
March 29, 2021 by David GambrillNova Scotia’s auto insurance regulator has approved Facility Association’s request to lower minimum deductibles for commercial vehicles, albeit with one significant caveat and a few “concerns.” The caveat has to do with logistics. For Facility Association’s member carriers, the upshot…