Alberta floods ‘most costly event’ for Lloyd’s market in 2013

“Canada had a record year for catastrophes from flooding in Alberta and Toronto to a winter ice-storm,” Lloyd’s stated of its reinsurance results. “The net estimated claims of £120m from the Alberta flooding made it the most costly event to the Lloyd’s market in 2013.”

The flooding in southern Alberta last June was the costliest natural disaster in Canadian history when measured by insured losses of $1.7 billion.

Read full article here.

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