Natural disaster trends have led insurance premiums across the country to jump by 14 per cent — a hit that’s been felt more in western provinces.
Alberta hasn’t been able to catch a break since wildfires burned through the province in May and June. Since then, there have beenThis year has also seen one of the strongest tornadoes in Alberta’s history — it touched downtown between Didsbury and Carstairs Saturday.
The province is still adding up totals of all the natural disasters, but said so far this year wildfires alone have cost $700 million. Public safety minister Mike Ellis stressed the Alberta government is not focused on cost, but just getting through the season. “We know that it’s the worst alberta wildfire event in Alberta’s history we are closing in on 1.5 million hectares burnt,” Ellis said.Click to share quote on Twitter: "We will do whatever it takes to keep Alberta safe."The Insurance Bureau of Canada’s Craig Stewart said natural disasters have been on the rise. He points to 15-years-ago when payouts averaged $400 million across the country. In the last five years, it’s grown to five times that amount.
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