Reinsurance News

Ontario storms claims total $105mn: IBC

28th October 2021 - Author: Katie Baker

Storms that hit southern Ontario in September have caused $105 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification.

Insurance Bureau of Canada LogoBoth storms included heavy rain, wind and tornadoes that caused structural damage to many properties.

Downed trees left 30,000 properties without power for hours. The storm which took place on 22nd September brought heavy rain and extensive flash flooding.

Strong wind gusts caused damage to trees and power lines across southwestern and southcentral Ontario, leaving more than 38,000 properties without power at the peak of the storms.

Kim Donaldson, Vice-President, Ontario, Insurance Bureau of Canada (IBC) said: “Our thoughts are with those whose lives have been disrupted and whose homes have been damaged.

Canada’s insurers are here to help residents recover from theses storms. IBC has been there from day one, and will continue to provide support during this difficult time.

“Insurers are working hard to help their clients throughout the entire claims process, and will be there until all policyholders have been looked after. Your insurer and insurance representative is committed to helping you through this devastating event.”

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