IBC: Ontario and Quebec’s November storm causes over $90 million in insured damage

January 14th, 2015 by admin

In a recent article, we discussed the 2013 Ontario ice storm, which wreaked horrible damage and resulted in more than $200 million in insured losses. Now the Insurance Bureau of Canada (IBC) is reporting that Ontario and Quebec's November storm this year topped $90 million in insured damage. The figure is based on a preliminary estimate by Property Claim Services.

​The storm included wind gusts as strong as 100 kilometres per hour, which caused widespread damage. Not being able to withstand the wind, trees fell onto buildings and vehicles, and hydro lines were downed. Tens of thousands of people were left without power.

Ralph Palumbo, Vice-President, Ontario, IBC, reminded Ontarians of the extent to which severe weather has impacted the region recently.  

"Severe weather causes significant damage to Ontario communities far too often," said Ralph Palumbo, Vice-President, Ontario, IBC. "In 2014, weather-related insured damage in Ontario hit $200 million; that includes claims from the Burlington floods and the tornado in Angus."

Due to the increasing incidence of severe weather events, Palumbo emphasized the importance of preparedness, while also describing some of the efforts the Bureau itself is engaging in. 

"We're talking with governments about improving infrastructure, updating flood maps and revisiting land use planning to keep homes off flood plains," Palumbo stated. 

The Bureau also advises consumers to contact their insurance representative to make sure they are adequately covered. 

Fundy Mutual can help you with your home, auto and business insurance needs. Based in Sussex, New Brunswick, we have been serving customers in the region for over 70 years.