10 extreme summer events caused insured losses of over CAD 1.8bn in Canada: CatIQ
According to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ), a Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, 10 extreme weather events this summer across Alberta, Saskatchewan, and Manitoba caused overall insured damages of more than CAD 1.8 billion. Historically, wind, hailstorms, and wildfires are the costliest extreme weather…