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Insurance Rates to Rise Following Record $3.2B Payout for Natural Disasters in 2013

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Canada's insurance companies expect to pay out at least $3.2 billion dollars to settle claims from severe flooding and ice storm disasters that decimated both eastern and western regions in 2013. Damages from flooding in southern Alberta in June 2013 is pegged at $1.74 billion and represents Canada's costliest disaster,... Continue reading »