- Approximately 20,000 customers incurred damages in the last two months
-
After tax cost of damages, net of reinsurance, to reach between
$110 million and $130 million
IFC estimates that the after-tax impact of these weather events, net of
reinsurance, will likely amount to between
The
"The impact from these storms is a stark reminder of the financial
implications of changing weather patterns and we intend to accelerate
our efforts to ensure that the protection we offer our customers
remains sustainable while maintaining its affordability," said
Thanks to the dedicated efforts of its response teams, brokers and its network of contractors, repair shops and suppliers Intact was able to help its customers get back on track in what will likely be one of the most eventful summers for the insurance industry.
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Forward-Looking Statements
This document may contain forward looking statements that involve risks and uncertainties. The company's estimates and assumptions could differ materially from these forward looking statements as a result of various factors, including those discussed in the company's most recently filed Annual Information Form and annual Management's Discussion & Analysis. Please read the cautionary note at the end of the MD&A.
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