Storms across Ontario, Quebec, and Atlantic Canada in February caused around $260 million in insured losses, according to Catastrophe Indices and Quantification Inc. (CatIQ).
This amount does not include damage from the late-March ice storm in Ontario, with estimates for that event expected in the coming weeks.
CatIQ has classified the following weather events as "catastrophes," which refers to events causing insured losses over $30 million:
The first storm, from February 15 to 19, caused more than $90 million in insured damage. This storm led to structural damage, power outages, and over 600 vehicle collisions in Ontario. In Atlantic Canada, approximately 6,000 people were left without power, primarily in Nova Scotia.
A second event from February 24 to 26 caused more than $160 million in insured losses. This event brought additional flooding, basement leaks, and roof collapses. IBC continues to work with governments and insurers to support recovery efforts across the affected regions.
The storms combined with a rapid snow thaw led to flooding, structural damage, and disruptions affecting residents and business owners, according to the Insurance Bureau of Canada (IBC)
According to reports, the thaw in late February caused snow to melt rapidly, overwhelming drainage systems in the affected regions. The ground, still frozen from the winter, could not absorb the water, leading to widespread flooding.
Many residents in Ontario and Quebec reported damage to their properties, particularly in basements. Additionally, the weight of accumulated snow caused some structures to collapse. In Ottawa, a six-story parking garage partially collapsed, trapping about 50 vehicles inside.
"With many Ontarians still grappling with the lingering impacts of the recent ice storm, residents have once again experienced a harsh winter with severe storms and floods that damaged or destroyed homes, vehicles and businesses," said Amanda Dean, vice president for Ontario and Atlantic at the Insurance Bureau of Canada.
"While parts of Quebec and Atlantic Canada were impacted by these events, the vast majority of damage took place in Ontario, with heavy snowfall, strong wind gusts, ice and rain causing significant structural damage," Dean added.
The IBC said it has been working with insurers to assist those affected by the storms.
“Our member insurers have been on the ground since day one and continue to work with policyholders whose property was damaged by these events," said Dean.
“As rebuilding and recovery continue, those who have been impacted can continue to work with their insurance representative and adjuster. This includes asking for updates on contractor availability and how that may impact claim completion.”
As communities recover, what steps can be taken to help reduce the risk of similar damage from future weather events? Share your thoughts in the comments.
