Keyword
financial losses

B.C. and federal governments assessing impact of wildfires on province’s agriculture sector

The governments of British Columbia and Canada have announced that they are working under the federal-provincial AgriRecovery disaster framework to determine the type of assistance that may be required by the province’s agriculture sector to recover from the impact of wildfires. The announcement was made on Wednesday following the first meeting between Lawrence MacAulay, the federal Minister of Agriculture and Agri-Food, and B.C. Minister of Agriculture Lana Popham.

Government officials are working together to quickly assess the “extraordinary costs” farmers are incurring and what additional assistance may be required to recover and return to production following the wildfires, noted a joint statement from B.C.’s Ministry of Agriculture and Agriculture and Agri-Food Canada.

Understanding of insider threat far from complete: U.S. report

Almost half of respondents to a recent U.S. survey are unaware of the potential for financial losses associated with an insider incident and a third do not know how much related losses are costing their organizations. Findings indicate many organizations…

B.C. ranchers say costs of wildfires likely top hundreds of millions

KAMLOOPS, B.C. – The British Columbia Cattlemen’s Association says wildfires have inflicted a terrible financial and emotional toll on its members. Association manager Kevin Boon says wildfires that broke out earlier this month in B.C.’s Cariboo and Chilcotin regions are…

Canadians evacuated from homes after a wildfire can expect to suffer $11,300 in financial losses: Square One Insurance

Canadians evacuated from their homes because of wildfires can expect to suffer an average of $11,300 in financial losses, a recent study from Square One Insurance Services Inc. has found. Those with home insurance can recover most, but not all,…

Too early to confirm costs from flooding in B.C., Ontario, Quebec and Maritimes: Aon

Persistent recent heavy rainfall falling across several Canadian provinces has led to increasingly rising rivers, streams and lakes this week, as communities “raced to protect from water inundation,” Impact Forecasting said on Thursday in an Aon cat alert. Financial losses…