As a response to the continued severe weather Canada is experiencing, Intact Insurance released a notice to brokers outlining changes to their After Loss Underwriting Practices. The flooding in Southern Alberta this summer was noted as particularily devastating, affecting thousands of people in many Alberta communities.
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With all the talk about the Mayan calendar these days, it seems like a good time to look at what trends have been going on in the last year with regards to catastrophies and how it relates to our coverage and premiums.