Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster February 12, 2025 The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25...
Extreme Canada Weather Causes Record $5.7 Billion Insured Damage September 24, 2024 By Thomas Seal An onslaught of four natural disasters caused C$7.1 billion ($5.3 billion) of insured losses across Canada in just two months...
Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
Canada’s 10 Worst Natural Disasters Totaled C$30 Billion in Annual Insured Losses September 3, 2024 Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with...
Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims September 3, 2024 By Nivedita Balu Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major...
Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey September 29, 2023 Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their...
Nova Scotia Floods Cost Insurers More Than C$170 Million August 25, 2023 An atmospheric river event that led to significant flooding in parts of Nova Scotia on July 23, 2023, is estimated...
Insured Damages in Canada From Hurricane Fiona Now Top C$800M January 6, 2023 Insured damages from Hurricane Fiona are now estimated at over C$800 million (US$591.2 million), according to the Insurance Bureau of...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M October 19, 2022 Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of...
Derecho Storm Ranks as Canada’s 6th Largest Insured Loss on Record June 16, 2022 The storm that swept through southern Ontario and parts of Quebec on Saturday, May 21, caused over C$875 million (US$676.3...