Insured losses from Central Canada storms estimated at C$300mn: IBC
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Insured losses from Central Canada storms estimated at C$300mn: IBC

Shelby Rosenberg
September 20, 2023
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calgary alberta canada storm

Summer storms in Central Canada caused more than C$300mn ($224mn) in insured losses, according to preliminary estimates from Catastrophe Indices and Quantification Inc and released Tuesday by the Insurance Bureau of Canada (IBC).

“This is the third straight summer in which Alberta has seen significant insured damage from hail, wind and rain,” said Aaron Sutherland, vice president, Pacific and Western, IBC.

“The

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