The Fort McMurray wildfire is the costliest insured natural disasteron record in Canada, according to the Insurance Bureau of Canada.
The fire, which spread across thousands of miles of , caused estimated insuredproperty damage of C$3.58 billion, the IBC said, citing Catastrophe Indices andQuantification Inc. estimates. Previous estimates from catastrophe modeling firmAIR Worldwide in May ranged from C$4.4 billion to C$9.0 billion, while DBRS projectedclaims between C$2 billion and C$6 billion.
More than 27,000 personal property claims with an average perclaim of C$81,000 have been filed in connection with the fire. In addition, therewere more than 12,000 auto claims with an average of C$15,000 per claim. Commercialinsurance claims have totaled more than 5,000, averaging more than C$250,000 perclaim.