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
![](/app/uploads/2016/05/temp-blog-bg-3.jpg)
Will WESA make “per stirpes” extinct?
Per Stirpes defined and discussion on the changes coming under WESA
![](/app/uploads/2021/06/Screenshot-2021-06-01-141030.png)
Clark Wilson Lawyers Named in the 2021 Canadian Legal Lexpert Directory
Clark Wilson is pleased to share our recognitions in the 2021 Canadian Legal Lexpert Directory®. Congratulations to the lawyers and groups who have been ... Continued
![](/app/uploads/2016/05/temp-blog-bg-4.jpg)
The CGL Policy and the Additional Insured Endorsement in Canada
Published March 2006 While there are a variety of liability insurance policies available in Canada which contain coverages tailored to specific risks, industries or professions, ... Continued