Posted by Ashley Martin on Wednesday, September 25, 2024
The Insurance Bureau of Canada has stated that this summer has been the costliest for weather disasters in Canada with over $7 billion in insured losses from floods, fires and hailstorms.
The bureau is calling on the federal government to collaborate on reducing disaster risk.
There were four catastrophic weather events this summer including the Toronto and Southern Ontario floods, the Jasper wildfire; the Calgary hailstorm, and the Quebec floods. This number is just for the months of July and August 2024.
Summer 2024 now ranks as the most destructive season in Canadian history for insured losses due to severe weather.
