The Insurance Bureau of Canada says the massive wildfire that ravaged Fort McMurray in May is the most expensive disaster for insurers in Canadian history with losses expected to total $3.58 billion.
The amount is double the insured losses from the 2013 southern Alberta floods, which was the second costliest disaster at $1.8 billion in damages. The first had been the 1998 ice storms in Quebec at $1.9 billion, according to the bureau.
Here's a numerical breakdown of insurance claims from the Fort McMurray wildfire:
- 27,000: Number of personal property claims, averaging $81,000 each
- 12,000: Number of auto insurance claims, averaging $15,000 each
- 5,000: Number of commercial insurance claims, averaging over $250,000 each
Alberta Wildfire officials said Tuesday the massive wildfire, first discovered May 1, was officially listed as under control as of Monday morning