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Prairie storms caused $65M in insured damage
The low pressure system caused heavy rainfall, large hail, and localized flash flooding
Staff on August 25, 2016
The Insurance Bureau of Canada reports that the severe storm that swept through Southern Alberta and Saskatchewan in July has resulted in $65 million of insured damage.
This total was calculated by Catastrophe Indices and Quantification, a Toronto-based company which offers analytical information on Canadian disasters.
The storm came with heavy rainfall, large hail, and localized flash flooding, with most damage reportedly occurring in Alberta. Damage to homes and autos from the hail in that area resulted in $59 million in claims alone.
“This is yet another example of severe weather events causing extensive damage in our region,” said Bill Adams, western and pacific vice president at IBC. “This has been an active summer across the Prairies and it reinforces the need for Canadians to understand their insurance policies and to have an emergency preparedness plan for when bad weather strikes.”
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Prairie storms caused $65M in insured damage
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