The report revealed a staggering 379% increase in average annual insurable losses in Canada during the past decade compared to the preceding three decades. The dramatic rise was particularly acute in provinces such as Alberta and Saskatchewan, where average annual losses surged by 495% and 302% respectively. In Ontario, the increase was smaller but still significant, with an 89% jump in losses.

Terry Gangcuangco

Read full article by Terry Gangcuangco in Insurance Business Magazine

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