Lessons from the Canadian wildfires
The New York Times recently reported on the economic impacts of the Canadian wildfires on our neighbor to the north. The health-related costs probably are the first thing one thinks of, but also taking a hit are oil and gas operations, timber, and tourism.Whole neighborhoods have been washed away with a result of many people losing their homes, cars, and material possessions. Canada has suffered many natural disasters in the 21st century and the cost of them continues to rise, which makes insurers concerned.Read the whole article here: Canada Offers Lesson in the Economic Toll of Climate Change