Insurance losses from wildfires estimated to reach $3.5 billion: Verisk Analytics

U.S.-based risk assessment services provider Verisk Analytics Inc.'s Property Claim Services business unit has estimated that the Alberta wildfires will cost the nation's insurance industry 4.6 billion Canadian dollars ($3.5 billion), reported Artemis.bm.

The preliminary estimate includes losses from commercial and residential property, business interruption and auto physical damage.

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