Flood insurance costs from Alberta most expensive ever

Canada flood insurance industry

The IBC has called last June the most costly covered natural disaster in the history of Canada. The Insurance Bureau of Canada (IBC) has just released a report that has indicated that the most recent PCS-Canada figures, with estimates that state that the flood insurance and other coverage payouts for the flooding in southern Alberta have now broken the $1.7 billion mark. This figure makes the natural disaster in the province the most costly that the country has ever seen. According to the vice president of Western and Pacific at…

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