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Record Severe Weather Costs Canada $7 Billion: TAF's 2023 Emissions Report Show Us What’s Next

"Summer 2024 shatters records for severe weather damage: Over $7 billion in insured losses from floods, fires and hailstorms." That's the headline from a recent Insurance Bureau of Canada blog post. The post highlights the unprecedented number and severity of natural disasters across the country that resulted in a 406% increase in the number of property insurance claims compared to the 20-year average. “These events are escalating at a shocking rate and Canada is simply not prepared", said Celyeste Power, IBC president.

Author: david.laing
GTHA Emissions Map
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