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Cost for Cape Breton flood damage could surpass $15 million: minister

December 9, 2016 The Canadian Press

HALIFAX – The estimated cost for damage caused by the Thanksgiving Day floods in Cape Breton could exceed $15 million, says the Nova Scotia government. Zach Churchill, minister responsible for the Emergency Management Office, said Thursday the total could run

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Archway Insurance enters nine New Brunswick communities with the purchase of Alliance Assurance, effective Dec. 31

December 6, 2016 by Canadian Underwriter

Archway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Tuesday that it will purchase Alliance Assurance effective Dec. 31. Alliance is one of the largest brokerages in New Brunswick, with nine locations serving communities across the province, Archway

News CatastrophesInsuranceMergers and Aqcuisitions

New Brunswick expecting more snow, rain as crews work to restore power

December 1, 2016 The Canadian Press

FREDERICTON, N.B. – New Brunswickers are bracing for another round of messy, wet weather while thousands of residents are still without power following a storm earlier in the week. Environment Canada issued snowfall and flood warnings for much of the

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Collisions claims continue to inch up overall: Allstate Canada study

November 30, 2016 by Canadian Underwriter

Auto collisions claims among Allstate Insurance Company of Canada customers in four provinces rose 1.7% over the previous study period, reflecting increases in some jurisdictions and decreases in others. Results of the eighth annual Allstate Canada Safe Driving Study show

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Liberals set plan to phase out coal by 2030, with flexibility for Nova Scotia

November 21, 2016 The Canadian Press

OTTAWA – The Liberal government is moving to phase out the use of coal-fired electricity in Canada by 2030 as part of its overall clean-energy strategy. The goal is to make sure 90 per cent of Canada’s electricity comes from

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Thanksgiving floods in Atlantic Canada caused more than $100 million in insured damage: CatIQ

November 18, 2016 by Canadian Underwriter

A tropical moisture system resulting from Hurricane Matthew that swept through Atlantic Canada last month has resulted in over $100 million in insured damage, according to Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ). A cold front interacting with Matthew’s tropical

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Major fire causes extensive damage at Nova Scotia fish processing plant

November 17, 2016 The Canadian Press

EASTERN PASSAGE, N.S. – A major fire has caused extensive damage at a waterfront fish processing plant on Nova Scotia’s eastern shore. Brad Connors, a division commander with the Halifax regional fire department, said a call came in at about

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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

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More fairness in Ontario auto insurance needed to fix the system: IBC’s Forgeron

October 24, 2016 by Canadian Underwriter

Fairness is still lacking in Ontario’s auto insurance system and a balance needs to be struck between both lower premiums and the right level of benefits, Don Forgeron, president and chief executive officer of Insurance Bureau of Canada (IBC), said

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Archway Insurance purchases H.S. Terris Insurance

October 24, 2016 by Canadian Underwriter

Archway Insurance has enhanced its commitment to Nova Scotia’s Cumberland County, where its head office is located, with the purchase of Springhill-based H.S. Terris Insurance. Effective Nov. 1, Amherst, N.S.-based brokerage announced Monday, the acquisition will build on its presence

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Nova Scotia gives $500,000 in immediate flood aid to storm-ravaged Cape Breton

October 14, 2016 The Canadian Press

HALIFAX – Nova Scotia Premier Stephen McNeil says the province is providing $500,000 in immediate emergency aid for people in Cape Breton affected by damage caused by last weekend’s massive rainfall. McNeil says the money has been given to the

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Cleanup, damage assessment begins in Atlantic Canada after torrential rains

October 12, 2016 The Canadian Press

SYDNEY, N.S. – Communities in Nova Scotia and Newfoundland are facing a costly and lengthy cleanup from widespread flooding damage after a storm brought torrential rain to the region over the long weekend. Premiers in both provinces were scheduled to