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Wildfire could lead to 8% hike in insurance premiums across nation

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The wildfire at Canada's Fort McMurray, Alberta, could result in insurance price hike across the nation, reports MuskokaRegion.com.

Julie Stevens, commissioner of finance and corporate services at Muskoka district of Canada, has presented a report, which if approved, could lead to an estimated 8% increase in insurance premiums for 2017. "I'm a little concerned about Fort McMurray and what that might do to the overall, global increase for municipal insurance," said Ms. Stevens.

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