A windstorm that hit eastern Newfoundland on March 11, 2017 has resulted in almost C$45 million (US$32.5 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification Inc. (CatIQ).
Wind gusts of over 180 kilometers per hour (112 mph) caused severe property damage in the region with sustained winds over 110 km/hr (68 mph).
The hurricane-force winds caused damage to residential and commercial buildings, vehicles, and power lines. In total, more than 70,000 consumers were without power. The winds diminished on the evening of March 11 leaving most of the province in blizzard-like conditions.
Source: Insurance Bureau of Canada
Related:
Insured Damage for Southern Ontario Windstorm Estimated at US$73.4M
Was this article valuable?
Here are more articles you may enjoy.
Palantir Decamps to Miami Co-Working Space in Surprise Move
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 

