2023 Nova Scotia wildfires and floods caused $490M insured losses, delayed claims due to labor, material, and adjuster shortages.
Nova Scotia's 2023 wildfires and floods caused $490 million in insured losses, according to the Insurance Bureau of Canada. The report highlights the challenges faced during consecutive disaster events, including a lack of skilled labour, shortage of building materials, and limited adjuster capacity, which delayed the claims process. The wildfires and flooding destroyed over 200 homes and cottages, along with more than 150 other structures.
July 25, 2024
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