Severe summer storms in the province of Alberta caused massive amounts of insured damage. The severe storms that were faced by the Canadian province of Alberta are once again making insurance news as the millions of dollars in damages may now be sending rates in an upward direction. In August, insurers in Canada had to pay out approximately $550 million for a hail storm that hit Calgary. In July and August, the province faced three separate severe storms, which each made insurance news with their multimillion dollar price tags for…
Read MoreInsurance news from Western Canada may soon involve higher rates
