2023 ranks in the top five for Canada’s most costly weather and natural disaster events. Wildfires in B.C. and Nova Scotia, severe summer storms in Ontario and hailstorms in Winnipeg and Calgary contributed to more than $3 billion in insured damages last year. Nivrita Ganguly has this story and more in Business Matters for January 9, 2024.
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Business Matters: 2023 was one of the most expensive years for insured damages
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