Alberta Fire Could Cost $1B in Losses
Alberta Fire Could Cost $1B in Losses The loss of the flamboyant devastating wildfire in western Canada are nearing $ 1 billion, and will probably be established records for the country's insurance industry experts.
Record-breaking heat, high winds, and a combined dry soil to fuel a fire that forced the evacuation of the Alberta town of Fort McMurray and its population of over 80,000. CBC reported Thursday that the evacuations are spreading like fire to the south.
More than 1,0 structures were destroyed by fire, most homes and office buildings, experts on disaster prediction Aon Benfield said in a report Wednesday.
via CNBC
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