$180M losses due to Western Canada extreme cold
Most of the total insurance claims connected to the January 2024 cold weather event were connected to personal property damage.
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Most of the total insurance claims connected to the January 2024 cold weather event were connected to personal property damage.
Most of the total insurance claims connected to the January 2024 cold weather event were connected to personal property damage.
Most of the total insurance claims connected to the January 2024 cold weather event were connected to personal property damage.
Canada’s P&C insurers rang in 2024 by paying out $180 million to repair damage caused by Western Canada’s deep freeze in mid-January.
Personal property lines should raise concerns for underwriters, according to Property and Casualty Insurance Compensation Corporation.