TORONTO — The Insurance Bureau of Canada says severe storms and flash floods in Ontario this summer caused more than $340 million in insured losses, according to initial estimates.
The estimate from Catastrophe Indices and Quantification Inc. found that almost a quarter of these losses went toward repairing or replacing storm-damaged vehicles.
Get breaking National news
IBC says the Ottawa region was hit hardest by the summer storms.
It says that the frequency and severity of flooding and severe storms in Ontario and across Canada is increasing each year.
- IBC estimates $230M in insured damage claimed from Edmonton storms
- Calgary area ‘very uniquely situated’ for study of hailstorms, says researcher
- Saskatchewan boosts disaster aid in response to storm-packed spring and summer
- Flooding damage closes Telus World of Science for months, 68% of staff laid off
IBC says five storms in total were designated as catastrophes, meaning they’re estimated to have caused more than $30 million in insured damages.
The effects of these storms in July and August included hailstones, flooding and tornadoes.
Comments
Want to discuss? Please read our Commenting Policy first.