The Co-operators estimates between $30 and $35 million in losses from Slave Lake

The Co-operators General Insurance Company estimates its claims costs stemming from the Slave Lake, Alberta wildfires will range between $30 million and $35 million after tax and net of reinsurance.
The estimate is a preliminary figure because of the restricted access to the area. A full assessment of the damage has not been possible, a Co-operators release says.
As of press time, approximately 500 homeowners’ insurance claims, more than 100 auto claims and approximately 50 commercial and farm claims have been reported to the insurer.
To date, more than 400 cheques amounting to more than $1.8 million have been issued to Co-operators clients to help meet insureds’ immediate financial needs, the release adds.
“The impact of this tragedy is being felt by Canadians right across the country, and our thoughts are with the people of Slave Lake,” said Kathy Bardswick, The Co-operators’ president and CEO. “The stories of loss are heartbreaking, and we are looking forward to helping our clients pick up the pieces and get some stability and normalcy back into their lives.”