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

Shelby Rosenberg
October 04, 2023
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Firefighter Holding Hose Pointing Water Stream onto Fire

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).

The numbers were made public on Tuesday by the Insurance Bureau of Canada.

The combined losses from the Bush Creek East and McDougall Creek wildfires this year far exceed the cost of the last major wildfire in the area in...

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