Are insurance companies ready to handle a major disaster?

Author: External Author | | Categories: Legal Services

What would happen to insurance companies if Canada is hit by a major catastrophe?

While the Calgary floods of 2013 and the Fort McMurray wildfire hit insurance companies hard, a report from the University of Calgary warns larger disasters could lead to the financial collapse of the industry.

Risk Management Professor Anne Klefner said when you have a multi-billion dollar event, it could see some firms crumble.

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Original Article Source Credits:   City News ,

Article Written By:   Cindy White

Original Article Posted on:  Oct 10, 2019

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