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Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Insured damages from 2023 disasters exceeded $3.1B

OTTAWA - Severe weather and natural disasters caused more than $3 billion in insured damages for the second year in a row in 2023.

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Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Severe weather and natural disasters caused more than $3 billion in insured damages for the second year in a row in 2023. The McDougall Creek wildfire burns on the mountainside above houses in West Kelowna, B.C., Friday, Aug. 18, 2023. THE CANADIAN PRESS/Darryl Dyck

OTTAWA - Severe weather and natural disasters caused more than $3 billion in insured damages for the second year in a row in 2023.

The Insurance Bureau of Canada's annual tally places 2023 fourth on the bureau's list of most expensive weather years — a list that is still topped by 2016, when a devastating wildfire destroyed much of Fort McMurray, Alta.

The Canadian Press. All rights reserved.

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