Keyword
New Brunswick
Beyond Intent
August 30, 2017 Nadia MacPhee, Partner, Brenton KeanA New Brunswick court recently addressed a rarely litigated exclusion in liability policies, which are meant to ensure an insured’s intentional conduct does not attract coverage. The ruling, plus an earlier one in British Columbia, show that although a plaintiff may allege the insured’s conduct was intentional, the analysis must go further.
Provincial, local governments should consider mandatory hurricane interpretation training: ICLR report
August 25, 2017 Jason Contant, Online EditorProvincial and local governments should consider mandating compulsory training in the Canadian Hurricane Centre (CHC)’s severe hurricane interpretation course, the Institute for Catastrophic Loss Reduction (ICLR) recommended in a new research paper. The paper, titled Communicating hurricane risk in Eastern Canada:…
“Clear and direct communication line” needed between insurers and Canadian Hurricane Centre: ICLR
August 24, 2017 by Canadian UnderwriterA “clear and direct communication line” should be established between the Canadian insurance industry and the Canadian Hurricane Centre (CHC), the Institute for Catastrophic Loss Reduction (ICLR) recommended in a research paper released on Thursday. The recommendation was one of…
Emergency broadcast station being considered in New Brunswick following January ice storm
August 21, 2017 by Canadian UnderwriterNew Brunswick’s primary electrical utility in the province, NB Power, and the province’s Emergency Measures Organization (EMO) said on Friday that they considering creating a dedicated emergency broadcast station to provide essential information to people in the province in times of crisis. The consideration is one of 51 recommendations contained in a provincial review of the Atlantic Canada storm in the winter of 2017, released on Friday. From Jan. 24-26, an ice storm hit central and eastern New Brunswick, from Miscou Island to Sackville. The intense low-pressure system resulted in…
Loblaw to keep operating PC Financial home & auto brokerage after ending banking relationship with CIBC
August 17, 2017 by Canadian UnderwriterPC Financial Insurance Broker Inc. – which places home and auto insurance in Ontario, Alberta and Atlantic Canada – will continue to be owned and operated by grocery and drug retailer Loblaw Companies Ltd., a PC Financial spokesperson told Canadian Underwriter Wednesday.
President’s Choice Bank, a Loblaw unit, announced Wednesday it has ended its 20-year relationship with the Canadian Imperial Bank of Commerce.
“Everyday banking products, including savings, chequing and mortgage accounts, previously offered under the President’s Choice Financial brand will continue to be provided by CIBC, under new branding…
Reduced forest fire risk prompts New Brunswick to lift forestry restrictions
August 16, 2017 The Canadian Press (CPSTF)FREDERICTON – The New Brunswick government has lifted restrictions on forestry operations as the risk of forest fires fades. On Aug. 3, the government put a halt to harvesting, forwarding, site preparation or pre-commercial thinning between noon and 8 p.m.…
Hub International purchases “certain assets” of Quebec surety broker
August 8, 2017 by Canadian UnderwriterChicago, Ill.-based Hub International Limited announced on Monday that Hub Quebec has purchased “certain assets” from Patrice Varin, through a corporation held by him. Terms of the acquisition were not disclosed. Varin will join Hub Quebec, bringing with him a…
New Brunswick minister issues order restricting forestry operations to help mitigate fire risks
August 3, 2017 by Canadian UnderwriterNew Brunswick’s Energy and Resource Development Minister, Rick Doucet, has issued a ministerial order effective noon on Thursday that orders restrictions on forestry operations throughout the province. The order, under the Forest Fires Act, is one step to “reduce risks…
“Extension cord mess” cited in fire that killed N.B. mother, three sons
July 26, 2017 The Canadian Press (CPSTF)ST. GEORGE, N.B. – Fire investigators say a mess of extension cords and power bars, as well as the failure of an electrical component, were likely to blame for a fire that killed a New Brunswick woman and her three…
Insurance Corporation of B.C. financial condition ‘seriously compromised,’ Basic Autoplan needs redesign: EY
July 25, 2017 by Canadian UnderwriterThe premiums charged by British Columbia’s government-run monopoly provider of basic auto insurance are “not high enough” to cover claims, the system is not sustainable and the cost of the average minor bodily injury claim has risen well beyond the…
MacCoy Insurance Brokers joins Atlantic Canadian brokerage Archway Insurance
June 30, 2017 by Canadian UnderwriterArchway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Wednesday that is has a new location in Cape Breton, N.S.: MacCoy Insurance Brokers Ltd. Effective July 1, MacCoy Insurance will become the 22nd location of Archway Insurance, which…
N.B. Auditor General finds climate change action items lack implementation plans and timelines
June 20, 2017 by Canadian UnderwriterGreenhouse gas (GHG) emissions in New Brunswick are not projected to decline much further under the status quo, and meeting 2030 and 2050 targets will require “significant action” from provincial and federal initiatives, the Auditor General of New Brunswick said…