Flash-Flooding Fees: Severe summer storms in Ontario cause over $340 million in insured damages
Toronto, Ontario – According to early estimates from Catastrophe Indices and Quantification Inc. (CatIQ), as referenced by the IBC, the severe storms and flash-flooding that hit parts of Southern Ontario over the summer have resulted in over $340 million in insured losses. Of this total amount, over $80 million—or close to 25 percent—went towards replacing […]
March Madness: Storm in March caused $50-million in insured damage in eastern Canada
Toronto, Ontario — A storm that moved across eastern Canada from March 26 to 29, caused $50 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Damage reports associated with the storm that brought heavy rain and strong winds spanned the region, from basements being flooded in southern Ontario […]
