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Canada: Property/casualty insurers rack up claims after ice storm

December 24, 2013 - 6:00am

Canada's property/casualty insurers are amassing claims after an ice storm hit Ontario, Quebec and Atlantic Canada, The Globe and Mail reported.

Extreme weather events are becoming more common, and this could push up premiums for businesses. The Insurance Bureau of Canada said the 2013 weather chaos came after four years, with insured damages from natural catastrophes worth close to or exceeding $1 billion Canadian ($940 million).

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