Canada’s 2016 Nat Cats Bring Record Insured Damages of $3.7B

Insured damages from Canadian natural catastrophes during 2016 topped C$4.9 billion ($3.7 billion) – smashing the previous annual record of C$3.2 billion ($2.4 billion) set in 2013, according to the Insurance Bureau of Canada, which quoted statistics compiled by Catastrophe Indices and Quantification (CatIQ). …

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