July 9, 2026

Intact warns of larger-than-expected losses from extreme weather and fire claims

The Toronto-based company said combined second-quarter losses were $247 million above expectations in two categories: catastrophe and large-loss insurance. Extreme weather in Canada, including torrential storms that caused water and wind damage, pushed up losses, as did commercial fires in the U.K. and Ireland. The insurer has seen a broad-based increase in fire claims.