Insured damages surpass the 1998 ice storm.
Summer 2024’s record-setting insured losses will put pressure on premiums.
Costs rise above average rates of economic inflation in key markets, including Canada.
Life and health insurance claim times jump notably when fraud is suspected.
Associations call for regime allowing adjuster licenses to be recognised nationally.
Summer disaster claims increase 406 per cent over 20-year average.
This is the second event during the Summer of 2024 where insured damage costs have been estimated at several hundred mil