Tag: fort mcmurray

Fort McMurray wildfire insurance costs will be highest in the history of Canada

Julie Campbell
Fort McMurray wildfire

The Insurance Bureau of Canada estimates a total insured loss of approximately $3.58 billion. The tremendous Fort McMurray wildfire that ripped through the region in Alberta, Canada was the costliest in the country’s history. No other disaster brought such great expense to insurance companies. The Insurance Bureau of Canada (IBC) estimates a total cost of $3.58 billion. Canadian insurance companies have never faced an cost that large from any single disaster in history. The IBC issued a report based on information collected through a survey of insurance companies. With this…

Read More

First mobile units with insurance adjusters head to Fort McMurray, Canada

Julie Campbell
Fort McMurray wildfire insurance adjusters

As the wildfire that has eaten much of the city begins to move in a new direction, insurers are sending in teams. On Sunday, the massive wildfire nicknamed “the beast” started to stabilize after causing catastrophic devastation in the Canadian city of Fort McMurray, and insurance adjusters are now being deployed in mobile response units being flown in from across the country. This will be the initial wave of experts who will start to assess the widespread damage to Fort McMurray. The majority of insurers have natural disaster and crisis…

Read More