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VIDEO NEWS RELEASE: Canada Insurers Well Positioned to Cope Amid Near-Record Alberta Flood Losses; Analyst Footage Available

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. is making available to broadcast media the video elements for ongoing coverage of the Alberta flood catastrophe.

Elements Included are: Fully tracked news package with interview SOT of A.M. Best Company senior financial analyst Jacqalene Lentz, who authored the brief, and B-Roll of flooding, brief and A.M. Best Company, and raw footage of interview SOT and B-Roll.

To access the video package and raw footage in multiple broadcast-ready formats, the script and graphics information, go to http://www.ambest.com/videonews.

A.M. Best is monitoring potential impacts from the recent flooding that has struck the Canada province of Alberta, including the Calgary area. Early estimates of total economic losses are projected to be as high as CAD 5 billion (USD 4.8 billion). However, the relative scarcity of property coverage for flooding in Canada is likely to keep claims well below the total economic loss, in the range of CAD 1 billion to CAD 3.75 billion. Still, this event appears likely to rank among Canada’s largest catastrophe losses.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Co.
Technical:
Kim Bjorheim, 908-439-2200, ext. 5504
Media Production Specialist
kim.bjorheim@ambest.com
Editorial:
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com