Advertisment: Car-O-Liner Automotive Systems » CAR-O-LINER - Order 6158 » COL Leaderboard July 2025 » COL Leaderboard July 2025

Funnel Cloud Fees: Barrie tornado losses may eclipse those of 2014 Angus tornado, expert says

tornado
[Photo taken by: Mitchell Harris]

Barrie, Ontario — Although it is still much too early to make a  true estimate of the damages caused by the Barrie tornado, one expert predicts the losses from the July 15 event could significantly exceed those from the 2014 Angus twister. 

Glenn McGillivray, the managing director of the Institute for Catastrophic Loss Reduction told Insurance Business Canada that the Barrie tornado was “considerably worse” than the tornado that touched down in Angus, Ont. eight years ago.  

The Angus tornado caused more than $50 million in damages with 103 homes affected and 12 homes needing to be completely replaced. 

While a partial estimate of the damages caused by the Barrie tornado is expected to exceed $25 million-dollars. 

McGillivray says it will be several weeks before an accurate estimate is determined. However, he says the high prices of lumber will affect the cost of claims. 

Adding that as communities continue to expand and become wealthier, losses will become more significant. 

“We call this the growing bull’s-eye effect,” McGillivray told Insurance Business Canada. “This is the main driver of loss — the fact that our communities are getting bigger, they’re wealthier and when you used to have one old used car in the driveway, now people have three nice cars in the driveway.”

Advertisment: CRM House Ads » CRM House Ads 2025 » CRM House Ads General » CC Connect  - Connect Apply Succeed
Page 1 of 90
Next Page
Advertisment: Arslan Automotive » Arslan Automotive - Order 6232 » Arslan featured rect July 2025 » Arslan featured rect July 2025
Advertisment: IBIS » IBIS - Order 6252 » IBIS Leaderboard July 2025 » IBIS Leaderboard July 2025