P&C industry joins the $3-billion Cat club (again)
For the second year in a row, Canadian P&C insurers have become members of the unenviable $3-billion Cat club thanks to NatCat losses.
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For the second year in a row, Canadian P&C insurers have become members of the unenviable $3-billion Cat club thanks to NatCat losses.
The Insurance Bureau of Canada says severe storms and flash floods in Ontario this summer caused more than $340 million in insured losses, according to initial estimates.
A series of summer storms in Ontario bring this years’ total catastrophe losses to over $3 billion so far, with another quarter left.
The IBC says the severe storms and flash flooding experienced in Ontario over the summer caused more than $340 million in insured losses.
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