Fort McMurray wildfire could trigger spike in insurance rates

A police officer looks at the wildfire destruction in the Abasands neighbourhood of Fort McMurray. Property owners could be facing a hike in insurance premiums. (Ryan Remiorz/Canadian Press)
A police officer looks at the wildfire destruction in the Abasands neighbourhood of Fort McMurray. Property owners could be facing a hike in insurance premiums. (Ryan Remiorz/Canadian Press)

By Mark Gollom, CBC News, May 11, 2016 

Blaze expected to be costliest natural disaster for insurers in Canadian history

Insurance companies forced to fork over billions of dollars to cover damages from the Fort McMurray wildfire will remain financially sound despite their enormous losses, but some homeowners will likely face spikes in their premiums.

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