Severe weather in Canada caused $1.3 billion in damage in 2019. According to the Insurance Bureau of Canada, last year “ranked the seventh highest for insured losses on record.”
The bureau explains no one weather event last year caused a high payout but rather the bureau says “insurers experienced significant losses from a host of smaller severe weather events from coast to coast.”
A storm in eastern Canada in October resulted in $250 million in insurance losses while flooding in Quebec and New Brunswick in April and May resulted in insurance claims of $200 million.
The bureau is calling for “all orders of government to increase their investments in mitigating the impact of extreme weather and in building resilience against the damaging effects of extreme weather events.”
