Insurers Working Round the Clock to Help Put Lives Back Together: IBC

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HALIFAX, Nov. 7, 2003 – The Insurance industry is coming through for Maritimers when they need it most. Residents of Nova Scotia and Prince Edward Island, hit hard by Hurricane Juan just over a month ago, are being joined in their rebuilding efforts by their insurance professionals who have been working evenings and weekends to make sure victims of Juan get back on their feet.

“This is an excellent example of how quickly and efficiently private industry responds to the needs of consumers,” says Don Forgeron, Vice President, Atlantic, Insurance Bureau of Canada (IBC). “Since Juan hit the region more than a month ago, insurers have demonstrated that their promise to pay for damages is backed up by real action,” says Forgeron.

Preliminary estimates for property and casualty damages resulting from Hurricane Juan are $76.5 million for Nova Scotia and $5.7 million for PEI. Marine losses are currently projected to be approximately $3 million for both provinces. “Our industry is putting more than $82 million back into the economy of Nova Scotia and Prince Edward Island,” says Forgeron.

Consumers are encouraged to contact Insurance Bureau of Canada’s Consumer Information Centre in Halifax at 800 565-7189 ext. 227, or (902) 429-2730 ext. 227, for more information on their individual coverage.

Insurance Bureau of Canada is the national trade association of the private property and casualty insurance industry. It represents more than 90% of the non-government home, car and business insurance in Canada.