Canada storms News

Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster

The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25 billion (US$2.2 billion), according to the Insurance Bureau of Canada, quoting statistics issued by Catastrophe Indices and Quantification Inc. (CatIQ). …

Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ

The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5 billion (US$5.9 billion), according to Catastrophe Indices and Quantification Inc. (CatIQ), Canada’s insured loss and exposure indices provider. In addition …

Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report

The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the prior 30-year average, according to an analysis from MyChoice, a Toronto-based insurtech company. The report pointed to statistics from the …

Extreme Canada Weather Causes Record $5.7 Billion Insured Damage

An onslaught of four natural disasters caused C$7.1 billion ($5.3 billion) of insured losses across Canada in just two months — more than any other summer on record. In July and August, a ballistic hailstorm tore through cars and buildings …

Canada’s 10 Worst Natural Disasters Totaled C$30 Billion in Annual Insured Losses

Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with severe flooding in major cities. Insured losses from natural disasters averaged C$2.2 billion ($1.63 billion) a year over the last …

Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims

Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change, are leading to personnel shortages and potentially claims adjustment delays, according to insurance …

Derecho Storm Ranks as Canada’s 6th Largest Insured Loss on Record

The storm that swept through southern Ontario and parts of Quebec on Saturday, May 21, caused over C$875 million (US$676.3 million) in insured damages, according to the Insurance Bureau of Canada, which quoted initial estimates from Catastrophe Indices and Quantification …

Extreme Winds in Ontario Knock Down Trees, Power Lines, Cutting Electricity for 80,000

More than 80,000 customers in Canada’s most populous province remain without electricity after extreme winds swept through several Ontario cities on Saturday, knocking down trees, breaking utility poles and downing power lines. More than 490,000 Hydro One Ltd. customers had …

Hundreds of Thousands of Farm Animals Perish in Canada Floods

Hundreds of thousands of livestock have perished in floodwaters in Canada’s westernmost province, the British Columbia government said Thursday. Back-to-back deluges from atmospheric rivers have damaged major transport routes, forced evacuations and briefly isolated Canada’s biggest port. The agricultural region …

Western Canada Braces for Another Deluge From ‘Atmospheric River’

British Columbia, home to Canada’s biggest port, is bracing for its most intense deluge after a series of damaging rain storms and historic flooding. A so-called atmospheric river is threatening to dump more water on parts of the far west …