Canadian Underwriter

Topic Nova Scotia

A small Canadian flag is staked out on top of a map of Canada
News AlbertaB.C.CatastrophesEnvironmentalInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Canada’s most-exposed flood regions

June 10, 2022 by Alyssa DiSabatino

Quebec has the highest historical average annual loss (AAL) for flood faced by any region across the country, at $861.3 million, but Yukon’s average annual loss per residential address (RA) stands at $925, well above Quebec’s $229 loss per residence.

Aerial view of semi-trucks on a highway
News Commercial AutoInsurersLiabilityNova Scotia

Facility’s new approach to prevent truckers from “gaming the system”

June 6, 2022 by David Gambrill

Nova Scotia has approved Facility Association’s approach to rating commercial auto in a way that trucking operators cannot “game the system” and get Nova Scotia’s lower premium rates when they drive more extensively in other Canadian provinces. Essentially, a “surcharge

Giant waves break near the lighthouse at Peggy's Cove, Nova Scotia.
News CatastrophesClaimsEnvironmentalInsurersNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Could hurricanes in Canada worsen?

June 1, 2022 by Alyssa DiSabatino

The trend of above-average hurricane seasons is expected to continue this year and Canadian insurers should heed this warning by preparing Atlantic businesses for more severe hurricanes, according to Allianz Global Corporate & Specialty’s Atlantic Hurricane Season Outlook 2022.  “Although Canada

Delta flooding after hurricane.
News AdjustersAlbertaB.C.BrokersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyEnvironmentalLoss ControlLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecSaskatchewanTechnologyYukon

How to speed up claims response for NatCats

May 25, 2022 by Yasser Korany, Mario Delorme and Mazen Habash

Extreme weather events have become common, some bringing unprecedented levels of destruction to structures and facilities, overwhelming owners, property managers and insurers. In response, nearly all major insurers have created centralized Cat units dedicated to handling claims arising from extreme

Multi-level brown cottage with white trim sits on the water and is surrounded by trees.
News B.C.BrokersInsurersNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal HomePropertyQuebec

What cottagers may overlook when it comes to seasonal insurance

May 17, 2022 by Alyssa DiSabatino

With the May long weekend just around the corner, many Canadians will be packing their bags and heading up to the cottage, but a post-pandemic surge of demand may mean a lot of cottage rentals, and some important points of

Driver handing over a license.
News AlbertaB.C.BrokersClaimsCommercialCommercial AutoConstructionCyberInsurersLegalLiabilityLicensingManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Beware the tax implications of unlicensed insurance

May 3, 2022 by Jason Contant

If you’re looking to place a risk through an insurer that’s not licensed to write business in Canada, it’s important to understand the requirements around filing federal and provincial taxes, as well as special broker licenses. Although direct placement with

winter and summer tires
News InsurersNova ScotiaPersonal Auto

Kilometres driven: TD’s non-UBI approach

April 20, 2022 by David Gambrill

While many insurers tout usage-based insurance as the most accurate way to rate kilometres driven, TD Insurance is offering a new twist on an old ratings variable. To offer consumers choice, and a more accurate assessment of their driving risk,

Medical mask on a car mirror
News AlbertaInsurersNew BrunswickNova ScotiaOntarioPersonal AutoQuebecTechnology

By how much UBI use increased during the pandemic

April 20, 2022 by Jason Contant

Canadian drivers appear to be gravitating toward usage-based insurance (UBI) as the COVID-19 pandemic stretches past its second year. Since 2019, there has been a 40% increase in the number of drivers opting into UBI when filing out a car

Auto accident damage at intersection.
News AlbertaB.C.BrokersClaimsCommercial AutoInsurersLegalLiabilityLicensingLoss ControlLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPropertyQuebecSaskatchewanYukon

A car crashes in Ontario: Why Canadian auto insurers pay attention

April 13, 2022 by Daniel Strigberger

People love to visit Ontario. Unfortunately, some of them get into car accidents. Why should a visitor’s auto insurer care about accidents in Ontario? Because when a non-resident is involved in an auto accident in the province, their insurers will

Giant waves break near the lighthouse at Peggy's Cove, Nova Scotia.
News CatastrophesClaimsEmerging RisksInsurersLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal AutoPersonal HomeProperty

What Canadians can expect of future hurricane seasons

April 7, 2022 by David Gambrill

Atlantic Canadians can expect to see more and increasingly intense hurricanes, as sea surface temperatures continue to warm up as a result of climate change. “Warmer sea surface temperatures fuel stronger hurricanes,” Swiss Re Canada CEO Monica Ningen observed during

Surf washes over a beach on Nova Scotia's Atlantic coast.
News CatastrophesEnvironmentalInsurersLegalLoss TrendsNova ScotiaPersonal Home

P&C industry’s input on coastal protection

April 6, 2022 by Alyssa DiSabatino

Nova Scotia community and industry stakeholders have shared their input on the Coastal Protection Act, and an Insurance Bureau of Canada representative says the financial case for supporting the act is clear. Passed in 2019, the legislation aims to restrict

Picture of taxi row
News ClaimsCommercial AutoLoss TrendsNova Scotia

How to deal with loss trends in new DCPD auto insurance scheme

March 23, 2022 by Jason Contant

Nova Scotia Utility and Review Board (NSURB) has approved Facility Association’s (FA) overall rate increase of 11.1% as well as a proposed revision of its risk classification system for taxis. In doing so, the board had some words of advice