Business
Intact Financial Corporation provides an update on wildfires and other catastrophe events this summer
Intact Financial Corporation provides an update on wildfires and other catastrophe events this su...
About this update from Intact Financial Corporation
[{"type":"text","content":"\n \n \n \n Intact Financial Corporation provides an update on wildfires and other catastrophe events this summer\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 31, 2023\n \n \n /CNW/ - Intact Financial Corporation (TSX: IFC) has deployed its catastrophe response plan to support customers impacted by the ongoing wildfires in\n \n British Columbia\n \n and the\n \n Northwest Territories\n \n . We have already started the claims process for many of our customers, and rebuilding efforts will begin in the affected communities over the coming days and weeks.\n \n \n \"These are difficult times for our customers and their communities. We are entirely focused on getting them back on track as quickly as possible,\" said\n \n Charles Brindamour\n \n , Chief Executive Officer of Intact Financial Corporation. \"Our employees across\n \n Canada\n \n are supporting customers by providing confirmation of coverage and funding for additional living expenses, and are on the ground where possible to offer assistance.\"\n \n \n We estimate that the catastrophe losses incurred to date in Q3-2023 from wildfires and other weather events amount to approximately\n \n $570 million\n \n \n 1\n \n pre-tax, or\n \n $2.40\n \n per share. Given that the wildfires are still active, actual losses may differ from this estimate. We will issue an update in early October if catastrophe losses increase materially by the end of the quarter.\n \n \n \n Helping customers when they need us most\n \n \n \n Our teams stand ready to support customers as they assess damages and begin to restore their lives.\n \n \n Customers can contact us 24/7:\n \n \n \n Intact Insu...