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Newfoundland
Proposed auto reforms in Newfoundland ‘don’t go far enough’: IBC
April 25, 2019 by Greg MeckbachIf the Newfoundland and Labrador government increases the deductible for pain and suffering awards in auto accident lawsuits, a reduction in claims costs will not necessarily follow, says the Insurance Bureau of Canada’s CEO. Newfoundland and Labrador has had a…
Half a metre of snow dumped on Newfoundland
January 3, 2019 THE CANADIAN PRESSGANDER, N.L. – Residents of Gander, Nfld. are digging out after one of the biggest snowfalls ever recorded there – nearly two feet. A powerful storm blanketed much of the province Wednesday, with St. John’s and some other communities getting…
Storm gives Newfoundland ‘an awful beating’
November 15, 2018 By Holly McKenzie-Sutter - THE CANADIAN PRESSST. JOHN’S, N.L. – A ferocious storm is pounding much of Newfoundland and Labrador with powerful winds, blowing snow and surging waves, in what Environment Canada said was the largest storm in the world as of Thursday afternoon. “The shore…
Tropical Storm Chris could make landfall on Newfoundland
July 10, 2018 by Greg MeckbachNewfoundland’s Avalon Peninsula could get wind gusts of up to 100 km/h this week as a result of Tropical Storm Chris, which is expected to be upgraded to hurricane status Tuesday. Tropical Storm Chris was in the Atlantic Ocean more…
Province looks for ways to keep track of uninsured drivers
December 18, 2017 by Canadian UnderwriterNewfoundland is looking for a way to keep better track of uninsured drivers, including an option that would see licence plates following owners. “The government is evaluating the feasibility of reconfiguring the Motor Registration Division’s computer system for this purpose,”…
Lessons of the Road
September 26, 2017 Kent Rowe, President, Insurance Brokers Association of Newfoundland and LabradorNewfoundland and Labrador is undertaking an automobile insurance review meant to chart the way forward for the province. Whatever the final destination, brokers will be along for the ride to help ensure customers are protected, regulatory changes foster a healthy and sustainable system, and consumer education is enhanced.
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…
TSB recommendation stemming from 1998 airplane crash ‘still active’
July 10, 2017 by Canadian UnderwriterA 17-year-old years recommendation to improve the quality of decision-making on the part of Canadian pilots has not been advanced far enough to reduce aviation risk, the Transportation Safety Board of Canada recently suggested. On May 18, 1998, a single-engine…
Fire destroys N.L. apartment complex, leaves dozens homeless in St. John’s
June 27, 2017 The Canadian Press (CPSTF)JOHN’S, N.L. – A massive, fast-moving fire at a public housing complex has forced about 35 people out of their homes in a blaze that sent large plumes of smoke billowing above St. John’s, N.L. Fire platoon Chief Brian Tucker…
Combined ratio for Canadian insurance industry in Q1 2017 estimated at 101.3%, up from 94.7% in Q1 2016: Baker
May 24, 2017 Jason Contant, Online EditorThe insurance industry in Canada saw a 6.6% hike in the combined operating ratio for the first quarter of 2017, from 94.7% in Q1 2016 to 101.3% in the first three months of this year, MSA Research Inc. president and…
ICLR holding 2017 hurricane season forecast webinar on May 30
May 10, 2017 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) is holding a webinar on May 30 that will discuss a forecast of the 2017 hurricane season. Bob Robichaud, warning preparedness meteorologist for the Canadian Hurricane Centre, will be part of the interactive…
March windstorm in eastern Newfoundland caused close to $45 million in insured damage: CatIQ
April 26, 2017 by Canadian UnderwriterA windstorm in eastern Newfoundland on March 11 has resulted in nearly $45 in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). The Insurance Bureau of Canada (IBC) explained in a press release on Wednesday that a low…