Canadian Underwriter

Topic P.E.I.

News AlbertaB.C.BrokersClaimsInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeSaskatchewan

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

News AlbertaClaimsInsurersNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal Auto

Why auto rates are increasing despite fewer drivers on the road

March 6, 2021 by Jason Contant

Average auto insurance rates rose in Canada during the second half of 2020 despite the COVID-19 pandemic and lockdowns that led to fewer drivers on the road, a new report from LowestRates.ca found. The average auto insurance premium climbed by

News BrokersMergers and AqcuisitionsNew BrunswickNova ScotiaP.E.I.

Why size matters to Western Financial Group

March 4, 2021 by Greg Meckbach

Some brokers are entering into mergers or partnerships so they can more easily place hard-to-find coverage, according to one brokerage executive. “We just feel that some brokers who do not necessarily have our volume are struggling to find market support

News AlbertaBrokersCommercialManagementNew BrunswickNova ScotiaOperationsP.E.I.

How Western Financial made its presence known in Atlantic Canada

March 1, 2021 by Greg Meckbach

Western Financial Group is taking a non-controlling interest in Saint John, N.B.-based Huestis Insurance Group. The exact terms of the deal, announced Feb. 23, were not disclosed, other than it will give the High River, Alta.-based Western Financial a “significant”

News ClaimsNewfoundland & LabradorNova ScotiaP.E.I.

Punishing winter storm belts East Coast with heavy snow and high winds

February 8, 2021 by The Canadian Press

HALIFAX – Most of Nova Scotia, Prince Edward Island and Newfoundland are being pounded by heavy snow and high winds Monday, creating whiteout conditions in many areas. The storm moved into the Maritimes overnight heading west to east and is

News ClaimsNew BrunswickNova ScotiaP.E.I.

Messy winter storm slams into the Maritimes

February 2, 2021 by Michael MacDonald - THE CANADIAN PRESS

HALIFAX – A winter storm lashed the Maritimes with strong winds, snow and ice pellets on Tuesday, causing power outages and forcing the closure of schools and businesses. Snowfall and winter storm warnings were issued for much of the region,

News AlbertaB.C.BrokersClaimsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeQuebecSaskatchewan

Canadian auto and property insurance rates headed in opposite directions

February 1, 2021 by Jason Contant

Average personal auto premium rates in Canada decreased 2.6% in 2020 Q4 compared to the same period in 2019, but some provinces did see an increase, according to the latest results from Applied Systems’ premium rate index. On average, both

News ClaimsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Winter storm churning out powerful winds expected to slam into Atlantic Canada

February 1, 2021 by The Canadian Press

Environment Canada has issued a series of weather warnings for the Atlantic region, as a winter storm is expected to deliver an ugly mix of snow, rain, ice pellets and strong winds on Tuesday and Wednesday. Snowfall warnings are in

News ClaimsP.E.I.

Nighttime fire in western P.E.I. seniors home forces evacuation

January 19, 2021 by The Canadian Press

WELLINGTON, P.E.I. – A fire inside a seniors home in western P.E.I. forced 47 residents from the building on Monday night, but there were no reports of serious injuries. Desmond Arsenault, spokesman for the Wellington Fire Department, says soon after

News ClaimsNew BrunswickNova ScotiaP.E.I.

Thousands of Nova Scotians without power after first winter storm of 2021

January 4, 2021 by The Canadian Press

HALIFAX – A prolonged holiday warm spell ended with a vengeance over the weekend across Atlantic Canada, leaving double-digit snowfall totals in three provinces and thousands of Nova Scotia residents in the dark on Sunday. The website for Nova Scotia

News ClaimsNewfoundland & LabradorNova ScotiaP.E.I.

Latest forecast has Hurricane Teddy on a course for Atlantic Canada

September 21, 2020 by The Canadian Press

HALIFAX – Weather warnings have been issued for virtually all of Atlantic Canada as hurricane Teddy advances toward the East Coast. A tropical storm watch is in effect for the Atlantic coastlines of mainland Nova Scotia and Cape Breton, where

News InsurersLoss TrendsNew BrunswickNova ScotiaP.E.I.Personal Auto

Pandemic relief: Keeping the size of auto insurance discounts in perspective

September 14, 2020 by Greg Meckbach

Sometimes it’s not just about the size of the pandemic auto insurance discount, but the fact that it was a discount and not a rate hike that makes all the difference to a consumer. For example, a 25% auto insurance