Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely ...
TORONTO - Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change , are leading to personnel shortages and potentially claims adjustment delays, according to insurance sector insiders.
In August, insurance adjusters toured Jasper by bus after firefighters had battled a blaze that damaged or destroyed a third of the mountain community, making it the second most expensive wildfire in the province of Alberta's history by insured losses. Last year, wildfires burned 18.5 million hectares of land, more than double than the previous record set two decades ago, turning European and American skies orange and the air grey.
Insured losses from natural disasters averaged C$2.2 billion a year over the last decade, far exceeding the previous decade's average of C$632 million, according to the IBC, which expects escalating losses to continue. There have been over 4,800 wildfires in Canada this year, the world's third most-forested nation. The blazes have forced thousands of people to evacuate their homes and also disrupted oil and mining operations in remote regions.
Insurance Bureau Of Canada Insurance Sector Canada Wildfires In Canada Insurance Policies Severe Weather Climate Change
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source saysCanada is reluctant to force Air Canada's pilots back to work if they go on strike, a government source told Reuters this week, even though Ottawa took that ...
Read more »
Canada's economy grows more than Bank of Canada or economists expectedCanada's economy grew in the second quarter, according to Statistics Canada.
Read more »
Canada's economy grows 2.1% annualized in the second quarter, above estimatesCanada's economy grew in the second quarter, according to Statistics Canada.
Read more »
UPDATE: Railways set to restart after feds push for binding arbitrationLiberals ask Canada Industrial Relations Board to end dispute at Canada’s 2 largest rail companies
Read more »
Here's a list of July inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 2.5 per cent in July, Statistics Canada says.
Read more »
Here's a list of July inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 2.5 per cent in July, Statistics Canada says.
Read more »