Intact Financial takes insurance losses from flooding

[news]

http://i.cbc.ca/1.2417235.1383769915!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/wea-alta-flooding-20130728.jpg Canadian insurer Intact Financial Corp. has seen its latest quarterly profit cut nearly in half compared with a year ago as the insurer by losses due to major rain and hail storms in Quebec, Ontario and Alberta as well as the Lac-Mégantic tragedy.


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