November storm spurs $90 million in insurance claims in Ontario and Quebec
Angus, Ontario tornado (file photo)
Digital Reporter
Tuesday, December 30, 2014, 6:55 PM - A recent report from the Insurance Bureau of Canada (IBC) suggests that the heavy rain and wind that swept through parts of Ontario and Quebec back on November 24 and 25 of this year spurred $90 million in insurance claims.
Wind gusts up to 100 kph snapped tree branches, causing damage to cars and hydro lines.
“Severe weather causes significant damage to Ontario communities far too often,” said Ralph Palumbo, Vice-President, Ontario, IBC, in a statement.
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“In 2014, weather-related insured damage in Ontario hit $200 million; that includes claims from the Burlington floods and the tornado in Angus, Ontario this past summer.”
Here's a breakdown of Ontario's more significant insurance claims over the past two years, courtesy of Steve Kee of the IBC:
- Angus tornado: $34 million
- Burlington tornado: $94 million
- The July, 2013 floods that hit Ontario totaled $930 million
RELATED VIDEO: FLOODS AND STORM INSURANCE:
