Canada's wildfires add new complexity for insurers as tariffs and adjuster shortages collide

The smoke event adds to a wildfire period already testing Canada's insurance industry, with losses still climbing from 2023's record-breaking fires.

Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.

Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.