Avert Magazine

Saskatchewan Government Insurance says ‘catastrophic weather events’ led to lower profits

August 4, 2023
By Avert staff

Saskatchewan Government Insurance, Canadian insurance company wholly owned by the Saskatchewan government, was unable to pay a dividend to the province for the first time in more than a decade.

CBC News reports that the company listed frequent “catastrophic weather events” among the main challenges it faced in the last fiscal year, which led to a “modest financial performance” compared to earlier years.

Read the full article here.


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