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Nova Scotia
2016 sees highest-ever catastrophe insured losses, hail has impact: Rennie
February 1, 2017 by Angela Stelmakowich2016 was a year of records: the largest catastrophe-related insured losses in Canada’s history, the biggest loss for a single Cat and the most hail events in the month of July, Carolyn Rennie, managing director of Catastrophe Indices and Quantification…
Future CPP disability benefits not deductible from payments under Nova Scotia auto family protection endorsement: Supreme Court
January 27, 2017 by Canadian UnderwriterFuture disability benefits under the Canada Pension Plan are not deductible from auto insurers’ payments under the Nova Scotia family protection endorsement, the Supreme Court of Canada found in a ruling released Friday. Canada’s highest court restored a 2013 ruling,…
Canada needs new regulations for commercial fishing vessels of all sizes: TSB
January 19, 2017 by Canadian UnderwriterIf fishing vessel operators conduct regular safety meetings, they can review on-board hazards and remind crew of safety precautions, the Transportation Safety Board of Canada suggested in an investigation report released Thursday. TSB – a separate organization from Transport Canada…
Tugs finally free tanker stranded in Cape Breton, N.S., for a week
January 16, 2017 The Canadian PressSYDNEY, N.S. – A tanker that ran aground off the coast of Nova Scotia has returned to port after being stuck in shallow water for a week. The coast guard and salvage crews freed the Arca 1 from a bay…
Canadian Coast Guard safely rescues crew members from grounded tanker
January 9, 2017 by Canadian UnderwriterThe Canadian Coast Guard (CCG) has reported that six crew members have been safety rescued after a tanker ran aground off Nova Scotia on Sunday. In a series of tweets, CCG reported that the vessel Arca 1 ran aground off…
Winter storm dumps 35 centimetres of snow on parts of Atlantic Canada
January 9, 2017 The Canadian PressHALIFAX – Parts of Atlantic Canada were digging out Sunday after a winter storm dumped 35 centimetres of snow on some areas. Environment Canada says as much as 35 centimetres of snow fell over parts of Nova Scotia and P.E.I.…
Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ
January 6, 2017 by Canadian UnderwriterSevere weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the…
Archway Insurance purchases D.R. Hayman Insurance
January 3, 2017 by Canadian UnderwriterArchway Insurance has enhanced its presence in Nova Scotia generally and in Pictou County specifically with the recent acquisition of Stellarton-based D.R. Hayman Insurance. The acquisition, effective Dec. 31, 2016, represents the entry of Archway Insurance – one of Atlantic…
Cost for Cape Breton flood damage could surpass $15 million: minister
December 9, 2016 The Canadian PressHALIFAX – 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…
Archway Insurance enters nine New Brunswick communities with the purchase of Alliance Assurance, effective Dec. 31
December 6, 2016 by Canadian UnderwriterArchway 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…
New Brunswick expecting more snow, rain as crews work to restore power
December 1, 2016 The Canadian PressFREDERICTON, 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…
Collisions claims continue to inch up overall: Allstate Canada study
November 30, 2016 by Canadian UnderwriterAuto 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…