You are here

The spring floods in Quebec have cost more than$ 100 Million to insurers



1 September 2017, 11:00

Photo : City of Gatineau

The two important events of storms and floods in the eastern Ontario and Western Quebec have resulted in insured damage of more than $ 223 million ($M), depending on the company Catastrophe Indices and Quantification Inc. (CatIQ) declared by the insurance Bureau of Canada (IBC). The insured losses have reached$ 106 Million in Quebec against$ 117 Million in Ontario.

«Of course, the insured losses due to floods in the spring are important, but we do not know currently the total cost for the owners and the government, said Craig Stewart, vice-president, federal affairs, IBC. Floods accompanied by storms of wind can cause significant damage in a very short time. Recent events, such as hurricane Harvey in the United States, illustrate our lack of preparation. This is why it is essential that governments, industry and consumers work together to protect their fellow citizens and communities. «

To this effect, Mr. Stewart would like to commend the initiative of the minister of public Security of the federal government, Ralph Goodale, to hold a ministerial round table on the risk of flooding in November in Regina.

$ 106 Million in Quebec

From 5 to 7 April, two low-pressure systems have resulted in significant flooding in Southern Quebec and wind damage in some areas of Ontario and Quebec. Roads, homes and businesses were flooded in Québec, so that you could see the rivers out of their beds, and sewer backups. After the torrential rains, strong gusts have brought down trees and power lines in several sectors of the two provinces. These low-pressure systems have caused insured damages of more than$106 Million.

$ 117 Million in Ontario

In eastern Ontario and Quebec, rainfall was particularly abundant fell on 5 and 6 may, and in some areas it has recorded rainfall of up to 155 mm. Several states of emergency have been declared in the affected areas, while thousands of homes have been affected and people have been evacuated. This weather system has caused insured damage of more than$117 Million.

Related posts

Leave a Comment