The insured property damage from the May 2016 northern Alberta wildfire is estimated to be $3.58 billion, according to Catastrophe Indices and Quantification Inc. (CatIQ) and the Insurance Bureau of Canada (IBC). It is by far the costliest insured natural …
After shuttering his lumber mill for nearly a month when it was surrounded by raging fires in northern Alberta, Northland Forest Products Ltd. President Howard Ewashko sees a silver lining: a pickup in business from rebuilding what was lost. “It …
Intact Financial Corp. may post insured losses of as much as C$1.1 billion ($850 million) from the wildfires in Alberta, which could dent the Canadian economy harder than Hurricane Katrina hit the U.S. Intact, Canada’s biggest property and casualty insurer, …
The images are ones of devastation – scorched homes, virtually whole neighborhoods burned to the ground. It rained a little Sunday morning in Fort McMurray, but Canadian officials say they expect to fight the massive wildfire that has destroyed large …
A fire that forced the evacuation of the Canadian oil sands city of Fort McMurray, Alberta, destroyed 80 percent of the homes in one neighborhood and extensively damaged property in a number of others, and officials warned it could get …