Insured losses from Jasper wildfires may reach up to $700m, approaching 2011 Slave Lake wildfire losses.
DBRS Morningstar estimates that insured losses from the Jasper wildfires could reach up to $700 million. This potential cost is close to or may even surpass the losses incurred during the 2011 Slave Lake wildfire in Alberta. The credit ratings agency warns about the impact on the insurance industry.
July 26, 2024
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