Ongoing wildfires around Fort McMurray, in Alberta, Canada have now charred an area roughly the size of Rhode Island and could become the costliest wildfire ever to insurers.
According to catastrophe modeling firm AIR Worldwide, insured losses from the wildfire will fall between $3.4 billion and $6.9 billion (C$9 billion).
Read more at http://www.advisenltd.com/2016/05/23/canadas-fort-mcmurray-wildfire-could-be-costliest-ever/
Chad Hemenway, Canada’s Fort McMurray wildfire could be costliest ever (May 23, 2016), available with subscription at Advisen Professional Front Page News.
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