8 July 2016Insurance

Alberta wildfire cost $2.8bn in insured losses

The May 2016 northern Alberta wildfire has become the costliest insured natural disaster in Canadian history, with estimated insured property damage at C$3.6 billion ($2.8 billion), according to the Insurance Bureau of Canada (IBC) and Catastrophe Indices and Quantification (CatIQ).

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Alberta wildfire cost $2.8bn in insured losses

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