Insurance companies keep reserves for unanticipated events, such as fires, floods and storms, says Raman Johal in an interview with CBC News. However, the reserves start to dwindle or deductibles may increase in those areas that are more prone to natural disaster, explains Raman. Read the full article to learn more about the potential effects of the Fort Mac fire on the insurance industry.
Subscribe to our newsletters
Stay current on business and legal news, topics and trends
Related Content

Bill 23 – 2018: Local Government Statutes (Residential Rental Tenure Zoning) Amendment Act
Bill 23 – 2018: Local Government Statutes (Residential Rental Tenure Zoning) Amendment Act is subject to change. We will update these changes as they develop. ... Continued

Angela Blake advises BIV readers on taking their company public
Angela Blake is featured in this week’s "Ask the Experts" section of Business in Vancouver. Responding to "What should I consider when taking my company ... Continued

Upcoming Seminar: Don C. Sihota’s How to Buy or Sell a Business Seminar – September 14, 2023
Are you thinking of buying or selling a business? If so, you won’t want to miss Don C. Sihota’s Business Succession Seminar on Thursday, September 14th. During ... Continued