severe weather Alberta Ontario News

Summer Storms Bring Alberta’s Tab for Severe Weather Insurance Claims to $2 Billion

Severe weather events have hit Alberta hard over the spring and summer months. Four events from April to August brought the insured damage total for natural catastrophes in the province to $2 billion, based on surveys from to Catastrophe Indices …

Weather Service: Tornados Touch Down Hundreds of Miles Apart in Utah

Two tornados touched down hundreds of miles apart in Utah, damaging about two dozen buildings and knocking out power to thousands of people, the National Weather Service Confirmed. The severe weather on Thursday also flooded streets and dropped golf-ball-sized hail …

Toronto Dominion Bank Warns of Insurance Losses from Weather Claims

Toronto-Dominion Bank, Canada’s second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) due to recent severe weather in Alberta and Ontario and to boost its reserves for auto insurance claims. The weather-related hit …