Insured losses from British Columbia’s summer 2023 wildfires surpass C$720mn: IBC

British Columbia’s summer 2023 wildfires have resulted in over C$720mn ($523.6mn) in insured losses, making them BC’s most costly insured event on record and the tenth costliest in Canada’s history, according to preliminary estimates from Catastrophe Indices and Quantification Inc (CatIQ).