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By Staff The Canadian Press
Posted September 24, 2024 1:11 pm
1 min read
2:11
Record rainfall successful GTA signals a aboriginal with predominant terrible weather: experts
The Insurance Bureau of Canada says summertime of 2024 is present Canada’s astir destructive play connected grounds for insured losses owed to severe weather events.
The bureau estimates the damages for a radical of storms and wildfires astatine a combined $7 cardinal successful insured losses, topping the $6.2 cardinal outgo of the Fort McMurray, Alta., wildfire successful 2016.
That’s 10 times higher than the mean $701 cardinal a twelvemonth for terrible upwind losses betwixt 2001 and 2010.
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IBC president Celyeste Power says wildfire successful Jasper, Alta., flooding successful confederate Ontario and Quebec, and an Alberta hailstorm resulted successful astir 228,000 security claims, which is up 406 per cent compared with a two-decade average.
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The bureau is asking provincial and national governments to respond to clime alteration arsenic a situation and collaborate successful reducing catastrophe risk.
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The bureau says terrible upwind successful 2023 caused much than $3.1 cardinal successful insured harm crossed Canada.
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