Q: A question on a company's such as Fortis. ,I was wondering if they would have the same risk and liability as in the US in the case of a fire attributed to them.
5i Research Answer:
We are not insurance experts, but the liability situation is likely quite different in Canada. The company would have blanket insurance for such events, but could still lose a lawsuit and insurance might not cover all claims. So FTS is likely better positioned but certainly not completely immune. FTS's operating areas also are certainly less vulnerable to a 'tinder box' event.