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The place where insurers are seeking double-digit auto rate increases

September 10, 2019 by Greg Meckbach

Auto insurers asking for double-digit increases from New Brunswick’s regulator could face some hard questions during hearings this fall. “Some of the companies have been asking for a big increase” and will not necessarily be approved for the increases they

News Insurance

Engineering study wanted for Atlantic Canada sea level rise mitigation

July 26, 2019 Michael Tutton - THE CANADIAN PRESS

HALIFAX – A long-awaited process is underway to find ways to protect a narrow and vital corridor of land between New Brunswick and Nova Scotia from floods caused by sea level rise and storm surges. The request for proposals issued

News ClaimsInsurance

Why is New Brunswick’s loss ratio the highest in Canada?

June 12, 2019 by Jason Contant

What is contributing to New Brunswick’s skyrocketing loss ratio? According to Canadian Underwriter’s 2019 Statistical Issue, the total (direct) loss ratio for the province last year was 100.8%, up 22 points from 78.8% in 2017. This makes it the highest

News CatastrophesRestoration

Health and safety inspection teams head to flood affected zones in New Brunswick

May 3, 2019 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – Health and safety inspection teams are fanning out across flood-affected regions of New Brunswick, assessing homes and businesses that are still drying out amid receding floodwaters. New Brunswick’s Emergency Measures Organization says the teams will inspect electrical systems

News Claims

Southern New Brunswick still flooded but waters are slowly receding

April 29, 2019 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – Officials in New Brunswick are urging patience while floodwaters are receding, saying there’s a long way to go before the response can become a recovery effort. The province’s Emergency Measures Organization says that while water levels are slowly

News Catastrophes

Rising Saint John River frustrating swath of southern New Brunswick

April 24, 2019 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – Thane Mallory says the picturesque water view out the back window is what keeps him going back every day to Gulliver’s World Cafe, his restaurant in Gagetown, N.B. “I wake up every morning and look out the back

News CatastrophesInsurance

Flooding in New Brunswick results from winter storm

January 21, 2019 Kevin Bissett - THE CANADIAN PRESS

A powerful winter storm that brought heavy rain and snow to much of Eastern and Central Canada closed schools, flooded streets, knocked out power and forced school buses to stay off the roads in many areas Monday as temperatures began

News CatastrophesClaims

New Brunswick earthquake ‘widely felt’

January 11, 2019 THE CANADIAN PRESS

GRAND BAY-WESTFIELD, N.B. – A minor earthquake rattled windows and knocked dishes off shelves in a small community in southern New Brunswick on Thursday. “It felt like something ran into the building _ it was a big bang,” said Troy

News ClaimsClimate ChangeInsurance

How much this province’s “historic” flooding will cost the industry

August 14, 2018 by Jason Contant

Spring flooding in New Brunswick may have been “historic” and “record-setting,” but it didn’t meet the $25-million threshold of a catastrophe event. Catastrophe Indices and Quantification (CatIQ) told Canadian Underwriter Monday the flooding was a “notable event,” meaning it caused

News ClaimsInsurance

New Brunswick receives federal aid following spring flooding

August 2, 2018 The Canadian Press

FREDERICTON – New Brunswick is getting $39 million from Ottawa as it continues to recover from this spring’s historic floods. The province says the federal money will help cover response and recovery costs. In a news release, Deputy Premier Stephen

News ClaimsConstructionInsurance

Hundreds of New Brunswick flood victims still out of homes months after deluge

July 4, 2018 The Canadian Press

FREDERICTON – Hundreds of people remain out of their homes in New Brunswick months after historic floodwaters swept through the province, destroying buildings and inundating highways. Bill Lawlor, director of the Canadian Red Cross in New Brunswick, said Tuesday that

News InsuranceLegislation / Regulation

New Brunswick says flood hit homes may not get approval for rebuild

June 5, 2018 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – New Brunswick flood victims may not be able to rebuild their homes – or only rebuild after significant mitigation efforts like raising them. The destructive, record-setting spring floods along the Saint John River and other waterways have prompted