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Insurance Bureau of Canada Rates 2023 fourth-worst year for property damage

Last year was considered the fourth-worst year in Canadian history in terms of insured damage from severe weather.

According to the Insurance Bureau of Canada, there was a total of $3.13 billion in damage throughout 2023, with $100 million coming from the Canada Day storms throughout Alberta and Saskatchewan.

There was also $40 million in damage in Alberta due to the floods in June. Flooding is expected to cost Canada another $30 billion by 2050.

With 2024 expecting droughts and wildfires, the Alberta government is expecting $1.2 billion in damage throughout the year, with $750 million going towards fighting fires.

According to a 2022 report from a public safety task force, flooding is the greatest climate change risk in Canada, which has led to 1.5 million high-risk Canadian households unable to afford flood insurance.

Alberta has announced $68 million in disaster relief funding for communities in the province hit by floods. This funding is intended for uninsured expenses, like property damage and cleanup costs.

Fort Firefighters.
Meryk Linden.

RCMP: Teen missing out of Stony Plain

Parkland RCMP are looking for help locating 15-year-old Meryk Linden. Meryk was last seen leaving his home on Saturday, February 17. He hasn’t been seen or heard from since, which has police conerned for his wellbeing. Meryk is described as:...

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