Keyword
Prince Edward Island
Briefing Note: Prince Edward Island
July 11, 2020 Canadian Underwriter StaffSince the insurance industry in P.E.I. tends to mirror the insurance markets in New Brunswick and Nova Scotia, it’s no surprise that Canada’s smallest province is also experiencing a hard commercial market. “One of the biggest things is capacity,” says…
Economical rolls out Vyne for brokers in select areas
June 4, 2018 by Jason ContantEconomical Insurance launched its new broker technology, Vyne, in New Brunswick and Prince Edward Island Monday. For use in personal lines and individually rated commercial auto (IRCA), Vyne is a Guidewire-based computer system aimed at streamlining workflows for brokers. The…
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 urges fishing industry to recognize ‘interdependency among safety issues’
August 11, 2017 by Canadian UnderwriterThe frequency of fatal accidents involving Canadian fishing vessels is too high and crew members will continue to be at risk until “the complex relationship and interdependency among safety issues is recognized and addressed,” the Transportation Safety Board of Canada…
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…
Aon unit pegs economic loss from Matthew at US$15 billion
April 24, 2017 by Canadian UnderwriterHurricane 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…
Massive storm continues slow march east after paralyzing Maritimes
February 14, 2017 Alison Auld and Michael MacDonald - THE CANADIAN PRESSHALIFAX – 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…
Tough slogging expected across Atlantic Canada in wake of major storm
February 10, 2017 The Canadian PressSchools were closed and travel hampered in much of Atlantic Canada on Friday due to a fast-moving and powerful winter storm that blew in from the United States on Thursday night. Environment Canada had issued multiple snow, storm surge and…
Hurricane Matthew causes up to US$15 billion impact to U.S. and Caribbean economies in October: Aon Benfield
November 9, 2016 by Canadian UnderwriterHurricane 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…
Massive fire destroys farm equipment dealership, forces evacuation in P.E.I.
August 29, 2016 The Canadian PressSUMMERSIDE, P.E.I. – Fire officials are trying to determine the cause of a massive fire that destroyed a farm equipment dealership in Prince Edward Island. Workers had to be evacuated from Green Diamond Equipment in Summerside late Saturday morning as…