Page 2 - Quantification Inc News Today

For all the smoke, fire and flood that happened across Canada this year, damage to property in Alberta alone exceeded $330 million.

2023 is now the fourth-worst year for insured losses in Canada due to severe weather events and natural catast...

/CNW/ - For the second year in a row, Canada exceeded $3 billion in insured damage from natural catastrophes and severe weather events. Nationally, insured...

A downtown London, Ont. road closure may cause some delays for motorists Tuesday.

A new report says Canada exceeded $3.1 billion in insured damage from severe weather in 2023. According to Catastrophe Indices and Quantification Inc. (CatIQ), its the second year in a row that Canada exceeded the $3-billion mark in insured damage from natural catastrophes or bad weather events.

The province made headlines around the world throughout the year for a variety of reasons, including whacky wildlife, crime, disaster, and more.

The 2023 Atlantic hurricane season has officially come to an end, ranking fourth for the most named storms in a year since 1950.

While reinsurers are keeping a close watch on wildfire risk, tallied wildfire losses won't exponentially raise Canadian reinsurance renewals.

Canadas insurance industry is solely responsible for its own solvency, a glaring systemic risk in era of extreme weather events. Read on.

Wildfires that displaced thousands from the N.W.T.’s two most populous communities in August led to over $60 million worth of insured losses.