{"id":422196,"date":"2026-01-20T21:20:13","date_gmt":"2026-01-20T21:20:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/422196\/"},"modified":"2026-01-20T21:20:13","modified_gmt":"2026-01-20T21:20:13","slug":"2025-is-in-the-top-10-for-canadas-severe-weather-related-insured-losses","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/422196\/","title":{"rendered":"2025 is in the top 10 for Canada\u2019s severe weather-related insured losses"},"content":{"rendered":"

After wildfires, flooding and a major ice storm, the amount of insured damages from severe weather<\/a> in 2025 reached well into the billions once again.<\/p>\n

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According to the Insurance Bureau of Canada, insured damage exceeded $2.4 billion.<\/p>\n

The numbers come from Catastrophe Indices and Quantification Inc., which is under licence to IBC.<\/p>\n

\u201cWhat we see is that the severity and frequency of severe-weather events continue to intensify and this has been trending for years now,\u201d said Maximilien Roy, IBC\u2019s vice-president of strategy. \u201cWe can see that in the past decade, it has tripled since the previous past decade.\u201d<\/p>\n

Annual insured losses between 2006 and 2015 totalled $14 billion, yet the following decade of 2016 to 2025 soared to $37 billion. The IBC adds that the average number of insurance claims has nearly doubled during this same time frame.<\/p>\n

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Among the various severe weather events in 2025, the Quebec and Ontario ice storm of March 28 to 31 saw approximately $490 million in insured damages. The Flin Flon, Man., and La Ronge, Sask., wildfires in May totalled about $300 million, with the Calgary hailstorm hitting $160 million. The August severe storms in the Prairies totalled $235 million, while the series of atmospheric rivers in B.C. last month hit $90 million.<\/p>\n

\t\t\t\t\tA wildfire in the Flin Flon, Man., area is shown in a government handout photo on Tuesday, May 27, 2025.\t\t\t\t <\/p>\n

\t\t\t\t\tTHE CANADIAN PRESS\/HO \u2014 Manitoba Government *MANDATORY CREDIT*\t\t\t\t<\/p>\n

The $2.4 billion makes 2025 the 10th-highest year on record for insured loss.<\/p>\n

\t\t\t\t\t\"For<\/p>\n

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While that is a drop from 2024, which was the most expensive year, Roy says that placement doesn\u2019t mean things are improving.<\/p>\n

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\n\t\t\t\t\tThousands of federal government workers receive layoff notices\n\t\t\t<\/p>\n

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\t\t\t<\/a><\/p>\n

\u201cIf you look at the numbers on a longer scale of time, two decades ago, insured losses seldom surpassed about $500 million a year,\u201d he said. \u201cToday, annual costs exceed more than a billion dollars. So we can certainly see a trend\u2026. It\u2019s less than 2024, but still it is in the history of our country.\u201d<\/p>\n

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As a result, the IBC says it\u2019s been calling on governments of all levels to take more action to improve both where and how housing is built.<\/p>\n

Roy said this includes building homes away from flood-hazard areas and changing building codes so that the right material is used and would not be as prone to damage.<\/p>\n

\u201cWe know that affordability is really critical, but the most expensive home you can build is the one you need to rebuild once or twice,\u201d he said.<\/p>\n

\t\t\t\t\t\t\"Click<\/p>\n

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\n\t\t&copy 2026 Global News, a division of Corus Entertainment Inc.\t<\/p>\n","protected":false},"excerpt":{"rendered":"After wildfires, flooding and a major ice storm, the amount of insured damages from severe weather in 2025…\n","protected":false},"author":2,"featured_media":422197,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,6094,5770,44,14357,1133,176844],"class_list":{"0":"post-422196","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-ca","9":"tag-canada","10":"tag-extreme-weather","11":"tag-insurance","12":"tag-news","13":"tag-severe-weather","14":"tag-weather","15":"tag-weather-damage"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/422196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=422196"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/422196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/422197"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=422196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=422196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=422196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}