Hail damage could be a record setter
Posted Jul 22, 2010 7:12 am.
This article is more than 5 years old.
It’s been more than a week since our city was slaughtered with hail and insurance companies are still trying to tally up the costs.
According to the Calgary Herald the July 12th hail storm that shattered windows and dented cars could be a record setter for damage.
The Insurance Bureau of Canada won’t have the final numbers until next month, but what we’re seeing so far is painting a costly picture.
TD Insurance says in early estimates it has taken 9,000 calls worth in excess of $25-million.
The Co-operators Group has had 2,000 claims and expects to pay up to $15-million.
Company representatives are scrambling to take care of all the claims.
There are reports some field adjusters are spending days looking over the damage to just one street.
The storm wasn’t just a problem for the city, but also ruined many crops for farms outside of Calgary.
The financial hit is being compared to the windstorm that hit Alberta last August. It caused extensive damage and killed one person when the stage at the Big Valley Jamboree collapsed.
The worst hail storm in Canadian history happened right here in Calgary back in 1991. It cost the insurance industry $300-million.
