After early estimates, the Insurance Bureau of Canada has placed the wildfire that burned nearly 30% of Jasper at the end of July is the ninth highest natural disaster payout in Canadian history.
Damages from homes, vehicles and businesses totaled $880 million. The wildfire landed behind Toronto’s 2005 flood, which caused $900 million in insurance payouts, and ahead of Ontario’s 2018 wind storm, which caused $800 million in insurance payouts.
So far in Jasper, 2,500 claims have been made. Much less than the Calgary storm has so far spurred 35,000 claims, the Ontario flood 25,000 and Montreal flood 70,000.
The 2016 Fort McMurray wildfires sits atop the highest payout list with a whopping $4.5 billion.
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