The Insurance Bureau of Canada (IBC) reported February storms which hit Southern Ontario and Quebec resulted in insured losses of over $57 million, according to Catastrophe Indices and Quantification (CatIQ).
Ontario reported over $43 million in insured damage while Quebec reported over $14 million.
Kim Donaldson, Vice-President, Ontario, IBC, said; “Climate change is causing severe weather events more frequently throughout the year, especially storms involving floods. Since flooding can cause significant damage in a very short time, it is important for consumers to know what their policies cover and whether they have overland flood protection. Consumers should check with their insurance representatives to see what options are available to them.”
The heavy rains and high temperatures affected Quebec’s Eastern Townships and parts of Quebec City in February, causing flooding in several parts of the region.
From February 19-22, 2018, a slow-moving high pressure system had brought high temperatures and heavy rains to parts of Southern Ontario, including Brantford, Chatham-Kent, London, Cambridge, and parts of the Greater Toronto Area.
