Canada's insurance industry at risk from mega-catastrophes
Posted On: Oct. 18, 2019 5:58 AM CSTA 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.