Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
Canada’s 10 Worst Natural Disasters Totaled C$30 Billion in Annual Insured Losses September 3, 2024 Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with...
Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims September 3, 2024 By Nivedita Balu Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major...
Insured Losses From Canada’s Jasper Wildfire Surpass C$880 Million August 28, 2024 This summer’s devastating wildfire in Jasper, Canada resulted in more than C$880 million (US$653.4 million) in insured damage, according to...
Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
Wildfire in Jasper National Park Could Burn for Months, Canadian Official Says July 29, 2024 JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest...
Devastating Wildfire Burns Down Almost 50% of Western Canadian Tourist Town July 26, 2024 By David Ljunggren and Nia Williams A raging wildfire has devastated the western Canadian tourist town of Jasper, potentially destroying up to 50% of structures, and...
Canadian Wildfires Threaten Oil Output, Prompt Evacuations July 24, 2024 By Robert Tuttle Wildfires in Canada’s energy-producing Alberta province are threatening almost 10% of the region’s oil production and forcing the evacuation of...
Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather July 12, 2024 By Robert Tuttle A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production...
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group July 10, 2024 Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a...