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Alberta wildfires Canada's costliest disaster at C$3.58 bln- report

Published 2016-07-07, 12:05 p/m
© Reuters. Alberta wildfires Canada's costliest disaster at C$3.58 bln- report

CALGARY, July 7 (Reuters) - Insured losses from the May
wildfires in Fort McMurray, Alberta, are expected to total
C$3.58 billion ($2.76 billion), making it the costliest-ever
Canadian natural disaster, an industry group for the country's
insurers said on Thursday.
The losses exceed the North American ice storm in 1998 and
the Alberta floods of 2013, which both cost about C$1.9 billion,
according to the Insurance Bureau of Canada. The biggest
insurance loss from a wildfire had been the C$700 million from
the one in Slave Lake, Alberta, in 2011.
($1 = 1.2986 Canadian dollars)

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