The Globe and Mail reports in its Saturday, July 28, edition that the devastating wildfire in Jasper, Alta., will be another blow to property and commercial insurers that cover increasingly common natural disasters. The Globe's Salman Farooqui writes that industry experts, however, say they expect insurance companies to absorb the financial blow and continue to insure clients in the area. Morningstar DBRS's Victor Adesanya said damages from the Jasper fire are estimated to reach $700-million, a figure similar to the 2011 Slave Lake fire in Alberta. Experts said the fire will likely lead to higher insurance premiums for homeowners and commercial businesses as wildfires increasingly put communities in danger. However, property owners are likely not at risk of being uninsurable after the event. Morningstar DBRS said further wildfire events this year could begin to put serious earnings pressures on insurance companies. Mr. Adesanya said: "The losses will be significant for the insurance companies. In the years to come, this could impact insurance premium charges for all policy owners." If initial estimates are correct, the Jasper fire will be one of the most expensive fires in recent years.