Summer storms across Western Canada result in over $300 million in insured damage
EDMONTON, AB, Sept. 20, 2022 /CNW/ - Storms that hit Western Canada this summer are expected to result in over $300 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ).
- EDMONTON, AB, Sept. 20, 2022 /CNW/ - Storms that hit Western Canada this summer are expected to result in over $300 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ).
- The following storms have been designated as catastrophes (events where insured damage estimates total more than $30 million) by CatIQ.
- July 18 to 21, 2022 Over $100 million in insured damages:
A system tracking across much of Western and Central Canada left a trail of damaging severe weather in its wake. - Aaron Sutherland, Vice-President, Pacific and Western, Insurance Bureau of Canada (IBC)
"The July and August storms are a sobering reminder of the increasing risks facing communities across Canada.