Canadian Underwriter

Keyword
smoke damage

News CatastrophesInsuranceMergers and Aqcuisitions

ICBC reports 124 claims and $500,000 in costs from wildfires to date

August 23, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) reported on Wednesday that it has received 124 claims to date, at a cost of $500,000, from the wildfires burning in the province. Most vehicle damage claims were related to extreme heat and smoke damage, with some vehicles even rendered as total losses, ICBC reported in a press release.
Recognizing that it is experiencing the “worst wildfire season in the province’s history,” ICBC added that it has made formal changes to its policies to reflect “these special circumstances for customers on evacuation…

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

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

July 6, 2017 by Canadian Underwriter

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,

News CatastrophesInsuranceMergers and Aqcuisitions

Fire and wind combine for destructive force in southern Alberta city

April 7, 2016 The Canadian Press

LETHBRIDGE, Alta. – A fire whipped along by a strong wind has destroyed three homes and damaged some others in southern Alberta. The blaze got rolling last evening in a west Lethbridge residence and quickly spread to two neighbouring houses.