Okanagan Lake area wildfire could cost the industry nearly $80 million

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An interior British Columbia wildfire this past August, which forced the evacuation of more than 1,000 properties, will cost the industry an estimated $77 million, the Insurance Bureau of Canada said Thursday.

The White Rock Lake fire began on Aug. 2, grew to more than 833 square kilometres and forced the evacuation of 1,316 properties west of Okanagan Lake, The Canadian Press reported earlier.

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Original Article Source Credits: Canadian underwriter, https://www.canadianunderwriter.ca

Article Written By: Greg Meckbach

Original Article Posted on: September 24, 2021

Link to Original Article: https://www.canadianunderwriter.ca/insurance/okanagan-lake-area-wildfire-could-cost-the-industry-nearly-80-million-1004212853