Canadian Wildfires – Final Report

Insured losses from the Alberta wildfires, which were first spotted on May 1st and which burned for nearly two months, have surpassed those from Canada's previous most expensive wildfires, Slave Lake in 2011, which caused more than C$700 million in insured losses. Claims have ranged from debris removal and clean-up costs, to contents repair or replacement, and business interruption. Businesses have already filed business interruption claims for lost profits and increased expenses. Many insurance policies pay for lost profits, until such time as profits rebound to levels they otherwise would have had but for the wildfires.

• Insured property damage is estimated at C$3.58 billion (US$2.76 billion);