Edmonton, AB (July 8, 2020) \u2013 The hail, rain and windstorm that hit Calgary<\/span>, Airdrie<\/span>, Rocky View County and the surrounding area on June 13<\/span> caused almost $1.2 billion<\/span> in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). The majority of the insured damage is to personal property and vehicles, with a smaller percentage of damages to commercial property.<\/p>\n \u201cThis event was fourth most expensive insured natural disasters in Canadian history. Our thoughts are with those affected by this devastating storm, and we are here to help Albertans fix their homes, cars and businesses,\u201d said Celyeste Power, Vice-President, Western, Insurance Bureau of Canada<\/span> (IBC). \u201cInsurers will be on the ground assisting until the work is done. If residents have insurance questions, they can also contact IBC\u2019s Consumer Information Centre at 1-844-2ask-IBC. We are here to help.\u201d<\/p>\n Damage caused by hail and wind is typically covered by home, commercial and comprehensive auto insurance policies. In addition to the $1.2 billion<\/span> in insured damages, the Government of Alberta<\/span> announced<\/a> financial support for residents who experienced overland flooding as this type of insurance can be less available in flood-prone areas.<\/p>\n \u201cAlbertans know too well the stress, turmoil and financial hardships that severe weather events can cause. Of the 10 most costly disasters in Canada<\/span>, six of these have hit Alberta<\/span>. Fortunately, Albertans are resilient and continue to come together in difficult times like these\u201d added Power.<\/p>\n The recent Calgary<\/span> hailstorm is the costliest hailstorm in Canadian history and the fourth costliest natural disaster of all time. The most expensive insured natural catastrophe on record is the 2016 Fort McMurray wildfire, which cost almost $4 billion<\/span>. The next highest loss was in 2013, which was $3<\/span>.5 billion and included the flooding in southern Alberta<\/span>.<\/p>\n IBC has deployed its virtual Community Assistance Mobile Pavilion (CAMP) to get information out to consumers quickly. For more information on hail coverage, please visit www.ibc.ca<\/a>.<\/p>\n The amount of insured damage is an estimate provided by CatIQ<\/a> under licence to IBC.<\/i><\/p>\n Insurance Bureau of Canada<\/span> (IBC) is the national industry association representing Canada\u2019s<\/span> private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada<\/span>. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.<\/p>\n P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 128,000 Canadians, pays over $9 billion<\/span> in taxes and has a total premium base of $59<\/span>.6 billion.<\/p>\n For more information, visit www.ibc.ca<\/a>. If you have a question about home, auto or business insurance, contact IBC\u2019s Consumer Information Centre at 1-844-2ask-IBC.<\/p>\n Source: Insurance Bureau of Canada (IBC)<\/em><\/p>\n Tags: Alberta<\/a>, CatIQ<\/a>, Insurance Bureau of Canada (IBC)<\/a>, insured damage<\/a>, natural disaster losses<\/a>, record-breaking losses<\/a>, severe weather<\/a> Fourth-highest insured damage event in Canadian history Edmonton, AB (July 8, 2020) \u2013 The hail, rain and windstorm that hit Calgary, Airdrie, Rocky View County and the surrounding area on June 13 caused almost...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18921"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18921"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18921\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Insurance Bureau of Canada<\/b><\/h4>\n
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