PCS Canada wildfire loss figure nudges up to C$4.7bn

PCS has kept its second estimate of industry insured losses from
the Canada wildfires largely steady at C$4.67bn ($3.63bn), up
slightly from an initial projection of C$4.63bn ($3.60bn), sister
publication Trading Risk reported earlier
today.
The average claim from the Fort McMurray disaster totalled
C$120,159, according to the agency.
The cost of the disaster has far surpassed the previous largest
catastrophe loss in Canada, a C$1.9bn storm that hit Alberta in
2013.
Reinsurers have picked up a s