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The Insurance Bureau of Canada has said that natural disasters caused $4.9 billion Canadian ($3.7 billion) worth of insured losses to in 2016, AM900 CHML reports. It was Canada’s costliest year recorded by analytical and meteorological information provider Catastrophe Indices and Quantification Inc. The Alberta wildfire, which caused CAD 3.7 billion worth of damage, was the most expensive disaster ever.
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2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees