Fairfax Financial Holdings Limited estimates its total potential net losses relating to Hurricane Katrina to be US$175 million to $220 million before tax and minority interests, or approximately $108 million to $134 million after tax and minority interests.
The preliminary estimates are based on estimated total insured loss from Hurricane Katrina of $30 billion, as recorded by Fairfax’s insurance and reinsurance companies.
Proposed measures are 'weeding the garden'
Assets under management and advisement rise to $302.6 billion
Feds look to forge ahead with taxonomy, update greenwashing legislation
Employee compensation increased across Canada, while GDP fell in two territories
The former financial services CEO left his mark — and he’s not done yet
The proposal has national implications — CIRO should work on this with the CSA
Novel legal, operational, market risks may arise alongside innovation: IOSCO
Advisor chargebacks are bad for the industry
The CSA is considering a ban on the practice