New data from Catastrophe Indices and Quantification shows Insured losses caused by last year’s Jasper Wildfire is estimated to be close to $1.3 billion.
That’s an increase of $80 million over the six-month estimate in January.
The Insurance Bureau of Canada said 358 homes were destroyed by the wildfire, with only 56 approved for construction, and two being rebuilt as of today (Friday).
“There’s still a lot of work to do and rebuilding will take time, but there is light at the end of a very long tunnel for Jasper residents who lost so much in the fire.” said Aaron Sutherland, Vice-President, Pacific and Western, Insurance Bureau of Canada.
For reference, insured damage caused by severe weather events in 2024 surpassed $9.2 billion, which was the first time in Canadian history.
More detailed information can be found on the Insurance Bureau of Canada’s website here.
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