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International

Canada's insurance industry at risk from mega-catastrophes

October 18, 2019 Reprints

A report by the University of Calgary's Haskayne School of Business said that Canada's insurance industry is at risk from mega catastrophes, Financial Post reports. A mega disaster in which total claims exceed $35 billion would cause small regional property/casualty insurers to fail, pushing their obligations onto larger insurers through payouts required under the industry-funded compensation body.

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Canada's insurance industry at risk from mega-catastrophes

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