$1.8B in damages caused by Prairie storms this summer
The Insurance Bureau of Canada is reporting an estimated $1.8 billion in losses caused by storms this year across the Prairies.
There were ten major events across Alberta, Saskatchewan and Manitoba, with estimates coming from Catastrophe Indices and Quantification Inc.
“Once again, the Canadian Prairies have been hit hard by extreme weather, with floods, hailstorms and tornadoes causing extensive damage to homes and businesses,” said Aaron Sutherland, Vice-President, Pacific and Western, Insurance Bureau of Canada (IBC).
“The growing frequency, severity, and financial cost of these events demands that we rethink how we can better protect communities moving forward and increase investment in resilience now.”



