Calgary hailstorm is costliest in Canadian history says Insurance Bureau
Posted Jul 8, 2020 1:13 pm.
Last Updated Jul 9, 2020 7:00 am.
CALGARY (660 NEWS) – The Insurance Bureau of Canada says the hailstorm that hit Calgary, Airdrie and Rocky View County on June 13 caused almost $1.2 billion in insured damages.
That makes it the costliest hailstorm in Canadian history and the fourth costliest natural disaster of all time.
“Our thoughts are with those affected by this devastating storm, and we are here to help Albertans fix their homes, cars and businesses,” said Celyeste Power, Vice-President, Western, Insurance Bureau of Canada.
Damage caused by hail and wind is typically covered by home, commercial and auto insurance policies.
In addition to the $1.2 billion, the provincial government also announced financial relief for those impacted by the storm.
WATCH: Calgary cleans up from devastating hailstorm
The most expensive insured natural disaster is the 2016 Fort McMurray wildfire, which cost almost $4 billion.
The next highest loss was the southern Alberta floods in 2013, which cost around $3.5 billion.
