The industry has to be ready at all times to assist clients – but who helps insurers and brokers in a disaster?
Natural disaster losses have been climbing on an exponential curve since 2009, so expect more in the future
Many of Alberta’s oil sands projects were forced to shutter while wildfires plagued the region. Now, it’s estimated $760 million in losses may arise from lost productivity – but are insurers on the hook?
The costs from the Fort McMurray forest fires are still undetermined, but one thing is for certain – reinsurers are facing a steadily mounting bill
Fort McMurray remains on emergency lockdown, but insurers are attempting to tally the cost following the week-long forest fire. Economical Insurance reports a potential $45-million loss
Carriers have rushed to help those affected by the Alberta fires with one major carrier making a cash donation and deploying specialist staff to help those affected
More than $60 million has been raised by the Canadian Red Cross for Fort McMurray wildfire relief. Insurance industry features prominently among those donating money and resources to the cause
All eyes are on the flames plaguing northern Alberta, but a number of smaller forest fires in neighbouring provinces underscore the need to inform clients of the seasonal risk facing their homes
Will displaced Fort McMurray residents choose to rebuild in the flame-devastated city once they receive their insurance compensation? A downturn in employment and real estate could lead many to take cash over a home
National insurance bureau and insurers offer help in cash and kind for residents affected by catastrophic forest fire
As the situation worsens in Fort McMurray, it’s not clear when the extent of damage can even be assessed. Brokers are among the front line as evacuees seek answers and comfort