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

Lauren Liang republished by Quickscribe Reporter
Lauren Liang’s recent article on inheritance rights of children born out of wedlock was republished by Quickscribe Reporter in its June edition. Quickscribe Reporter is ... Continued

Don Sihota to present on business succession on September 26
In the next 10 years, it is estimated that more than 75% of business owners in BC will retire. If you’re a business owner over ... Continued

Clark Wilson names new Managing Partner James Speakman
Clark Wilson LLP is pleased to announce that James Speakman has been appointed Managing Partner of the firm, effective April 1, 2014. James’ career of ... Continued