iA Financial Group has issued an update regarding the claims stemming from the heavy rainfall that struck Quebec on August 9 and 10. The company said it is aware of the challenges its clients are grappling with due to the severe weather event and has committed to providing the necessary support and assistance.
To address the situation, iA Financial mobilized all available teams and resources. Pierre Miron, executive vice president and chief growth officer of Canadian operations, emphasized the firm’s dedication to its clients during this difficult period.
“Our priority is to provide our clients the support they need in these trying times,” Miron said. “All our teams at iA Auto and Home are working tirelessly to meet our clients’ needs as quickly as possible, given the high call volumes.
“We will continue to make every effort to ensure that our clients feel confident and secure in the times ahead.”
iA Financial provided an early estimate of the financial impact of the weather event, indicating that the effect on quarterly results is expected to be under $10 million, after taxes and net of reinsurance.
It has also committed to issuing further updates if there are significant changes to the number of claims related to the event or if new claims arise from other major weather events.
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