Insurance hit from Hurricane Fiona could reach up to $700 million, a record for Atlantic Canada

Significant but manageable impact on insurers\u0027 earnings, says analyst

Despite the record amount, the ratings agency said that insured losses will be manageable and should remain in line with other recent severe weather loss events across Canada, given the relatively small scale of the Atlantic Canada property insurance market.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

DBRS Morningstar forecasts Fiona will have negative earnings implications for most Canadian insurers but only a negligible impact on solvency levels.

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