What P&C industry can expect from Kelowna wildfires
Almost 20 years to the day wildfires caused $200 million in insured damage back in 2003, Kelowna is burning once again.
Stay updated with breaking news from Quantification Inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Almost 20 years to the day wildfires caused $200 million in insured damage back in 2003, Kelowna is burning once again.
Damage from secondary perils such as thunderstorms in the first half of 2023 is of primary concern to reinsurers.
Adjusters are beginning to see claims pour in after thunderstorms dumped record amounts of rain on Nova Scotia this Friday.
As natural catastrophe recovery costs continue to climb, insurers and reinsurers risk encountering scenarios that could mean insolvency
Intact Financial Corporation saw an estimated $335 million in catastrophe losses in Canada for the second quarter of 2023.