Page 4 - Quantification Inc News Today

Five storms in total were designated as catastrophes

Rising insurance rates expected to continue across Canada in wake of a year of extreme fires, storms and floods

According to data from catastrophe loss specialist CatIQ, the 2023 wildfires in British Columbia, Canada have become the 10th largest insurance industry

The blazes caused $720 million in insured damage, $45 million more than was caused during the catastrophic floods of November 2021

Devastating wildfires in the Okanagan and Shuswap areas resulted in $720 million in insured losses, according to estimates from Catastrophe Indices and Quantification Inc. 

Victoria, British Columbia – According to a recent report made by the Insurance Bureau of Canada, this summer’s wildfires in the Okanagan and Shuswap areas

The B.C. summer wildfires are the costliest insured event recorded in the province, and the tenth costliest insured event in Canada’s history.

Devastating wildfires in the Okanagan and Shuswap areas resulted in $720 million in insured losses, according to estimates from Catastrophe Indices and Quantification Inc. 

Calgary, Alberta – It’s raining more than cats and dogs according to recent Insurance Bureau of Canada (IBC) reports. Initial estimates from Catastrophe Ind

Summer storms in Alberta and the Prairies caused more than $300 million in insured losses, bringing 2023 Cat losses to more than $2 billion.