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Province won’t grant extension for Fort McMurray wildfire insurance claims

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The provincial government announced Wednesday it will not grant a one-year extension to residents with outstanding Fort McMurray wildfire insurance claims.

The announcement comes after Regional Municipality of Wood Buffalo mayor Don Scott wrote a letter urging the province to issue a one-year extension given the magnitude of the 2016 wildfire, the complexity of insurance claims, delays in the claim process and the mental anguish caused by the catastrophe.

“Of course I am disappointed. By not giving an extension, it obviously puts our residents in greater difficulty,” Scott said.

Under Alberta’s Insurance Act, residents have two years to settle claims.

Alberta Treasury Board and Finance department communications director Andrew Hanon said Wednesday the province can’t compel insurance companies to offer an extension.

“The government does not have the authority to provide a blanket extension for time limits on insurance coverage,” Hanon said. “So what the government has done is work with the industry to ensure people are aware the two-year deadline is coming up.”

‘Case by case’ extensions

The Fort McMurray wildfire caused $3.56 billion in damage, making it the most expensive insured disaster in Canadian history, according to the Insurance Bureau of Canada.

Read full article here.

David Thurton – CBC News – April 11, 2018.

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