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.
Related Content
Nigel Kent and David Buxton-Forman published in Canadian Insurance Top Broker magazine
A commentary by Nigel Kent and articled student David Buxton-Forman was published in the May 2013 edition of Canadian Insurance Top Broker. The commentary discusses ... Continued
Pat Williams to Present at SPABC Event
Pat Williams, Chair of the Strata Property Group, along with speakers from Hammerberg & Co. and Lawson Lundell, will be presenting at a Strata Property ... Continued
General Meetings
What happens if the operating budget does not pass at the annual general meeting?