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The year 2008 is costly for insurers

The year 2008 could happen to be costly for insurers in the province of Quebec. After a quite harsh winter, they had to undergo the storm of June 10. The Insurance Bureau of Canada (IBC) said that insurers will pay $56 million to cover damages caused by this single day. Insurers have had to deal with 6 000 residential claims and 10 000 automobile claims.

As for the winter, IBC believes that the damages caused by the abundant snow will cost $172 million to insurers only in home insurance, compared with $58 million last year. Insurers have had to cover a total of 38 000 claims as the winter ended. The IBC, however, did not specify the costs of the other claims.

I want to thank you for the promptness with which you handled my claim.
 
I also wish to share with you the excellent service that was provided to me by my broker and my claims adjuster. We hear too many horror stories when it comes to submitting a claim to its insurer, whereas in my case everything was done promptly and professionally.
 
I am fully satisfied with the turn of events despite the many inconveniences that were caused by this disaster.
 
Best regards,
 
Robert Ladouceur, client
 

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