On June 24, 2013 although total damage caused by the flooding remained unknown, Alberta Premier Alison Redford, predicted it would surpass the $700 million caused by the Slave Lake fire, with much of the cost likely to be uninsurable.[52] In a report issued on June 24, 2013, Tom MacKinnon, BMO Capital Markets insurance analyst, suggested an early estimate of between $3 billion and $5 billion of total damages to "homes, businesses, vehicles and other private property." That would be "20 to 30 times" the amount of damage caused by southern Alberta's 2005 major flood, and the second costliest natural disaster in Canadian history.[53] The Province of Alberta estimated in August that the cost of repairing the damage would exceed $5 billion.