Wildfires, floods to increase in Canada, lead to higher insurance payouts: Expert

Shawn Marshall, Canada research chair in climate change at the University of Calgary, said that wildfires and floods will become more severe and more frequent in Western Canada which will affect insurers, CBC News reported citing Calgary Eyeopener. Steve Kee, a spokesman for the Insurance Bureau of Canada, said that severe weather catastrophes have increased over the years and led to higher insurance payouts.

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