July 7, 2016

Northern Alberta Wildfire Costliest Insured Natural Disaster in Canadian History – Estimate of insured losses: $3.58 billion


Insurance Bureau of Canada (IBC) reports that the May 2016 northern Alberta wildfire is by far the costliest insured natural disaster in Canadian history. Catastrophe Indices and Quantification Inc. (CatIQ) estimates the insured property damage at $3.58 billion.