The storms that hit Saskatchewan, Manitoba and Ontario in Canada on June 24 and 25 caused more than C$34 million ($25.9 million) in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ).*
Wind, flash floods and hail hit several areas, resulting in nearly 3,500 insurance claims being filed for damaged homes, vehicles and businesses.
“Storms such as these have been happening more frequently and with greater severity,” said Bill Adams, vice president, Western & Pacific, Insurance Bureau of Canada.
In Saskatchewan and Manitoba, hail, strong winds and flash floods caused most of the damage. In Ontario, flooding in the Thunder Bay area caused the greatest damage. Isolated hailstorms across the region also caused significant damage to homes and vehicles.
* Catastrophe Indices and Quantification Inc. (CatIQ) delivers analytical and meteorological information on Canadian natural and man-made catastrophes.
Source: Insurance Bureau of Canada
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Is it Time to Rethink the ‘Secondary-Peril’ Label and Reclassify Risk? 
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
Rhine River Shipping Stalls as Water Level Hits Record Low 
AI-Native Network American Growth Insurance Makes Heller-Kowitz its First Buy 
