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Aon unit pegs economic loss from Matthew at US$15 billion

April 24, 2017 by Canadian Underwriter

Hurricane Matthew, which is estimated to have caused $150 million in economic losses in Canada alone and killed more than 600 in the Western hemisphere, set several records, Impact Forecasting LLC said in a report released Monday. Hurricane Matthew officially

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Water level detectors in all below-waterline compartments should be mandatory for large fishing vessels: TSB

April 21, 2017 by Canadian Underwriter

More than 26 years after the fatal sinking of a leaking fishing vessel north of Nova Scotia, the federal government has still not mandated water level detectors on all large fishing vessels, the Transportation Safety Board of Canada warned this

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Hundreds of icebergs clog shipping lanes, forcing ships to reroute

April 10, 2017 The Canadian Press

ST. JOHN’S, N.L. – More icebergs have drifted into major shipping lanes off Newfoundland, forcing ships to go far out of their way to steer clear of the massive ice mountains. “It’s the only place in the world where icebergs

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Pack ice, epic blizzards as ‘relentless’ winter won’t let go across Newfoundland

April 5, 2017 Sue Bailey - THE CANADIAN PRESS

JOHN’S, N.L. – From extreme pack ice to record-breaking snow falls, it’s the winter that just won’t let go across much of Newfoundland. There are at least 230 centimetres of snow (more than seven feet) on the ground in Gander

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TSB reiterates recommendation to require all fishing vessels have anti-exposure worksuits or survival suits

March 24, 2017 by Canadian Underwriter

The federal agency responsible for investigating boating accidents reiterated this week a warning that many small fishing vessels are permitted to operate in cold waters without anti-exposure worksuits or survival suits. In March, 2016, the Transportation Safety Board of Canada

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St. John’s, Nfld.-based brokerage Cal LeGrow Insurance joins Canadian Broker Network

March 21, 2017 by Canadian Underwriter

Canada’s network of independent insurance brokers, the Canadian Broker Network (CBN), announced on Tuesday that Cal LeGrow Insurance Ltd., from St. John’s, Newfoundland, has joined the network. “We are thrilled to have Cal LeGrow join CBN,” Lorie Phair, managing director

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Newfoundland Power crews describe weekend storm as ‘worse than hurricane Igor’

March 13, 2017 THE CANADIAN PRESS

JOHN’S, N.L. – Newfoundland Power is continuing work to restore electricity to areas of the province ravaged by a massive weekend windstorm. Utility spokeswoman Michele Coughlan said 5,000 customers were still without power early Monday – a figure down from

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Massive storm continues slow march east after paralyzing Maritimes

February 14, 2017 Alison Auld and Michael MacDonald - THE CANADIAN PRESS

HALIFAX – Parts of Atlantic Canada remained under a blizzard warning Tuesday after a massive storm descended on the region, dumping a thick blanket of snow and unleashing howling winds before marching off to Newfoundland. Environment Canada issued the warnings

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Canadian auto sales to edge down in 2017: Scotiabank

February 7, 2017 by Canadian Underwriter

Canadian auto sales are expected to edge down to 1.94 million units in 2017, coming off four consecutive record years, according to the Scotiabank Global Auto Report, released on Tuesday. Despite the beginning of a sales recovery in the resource-rich

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Storm knocks out power, closes schools in parts of Atlantic Canada

January 26, 2017 The Canadian Press

FREDERICTON – More than 80,000 customers were still without power in many parts of New Brunswick early Thursday after a blustery mix of freezing rain, ice pellets and strong winds moved through the Maritimes. NB Power said at the height

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School, town hall, RCMP office on fire in southern Newfoundland: police

January 17, 2017 The Canadian Press

MILLTOWN, N.L. – Police have taken one person into custody after the local school, town hall and police station all caught fire in a small community on Newfoundland’s south coast. RCMP Cpl. Trevor O’Keefe said calls started coming in at

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Hurricane Matthew causes up to US$15 billion impact to U.S. and Caribbean economies in October: Aon Benfield

November 9, 2016 by Canadian Underwriter

Hurricane Matthew, which swept through parts of the Caribbean and United States last month, is expected to cost up to US$15 billion to both economies, according to Aon Benfield’s latest Global Catastrophe Recap. Released on Wednesday, the report from Aon