Alberta floods named the costliest natural disaster
According to a report from the Insurance Bureau of Canada, June’s flooding has been declared the costliest natural disaster in Canadian history, with damages pegged at $1.7B.
"It's a staggering number that we expect will go even higher," said Bill Adams, IBC Vice-President, Western and Pacific, in a release. "While the monetary cost of the floods is huge, the emotional toll on Albertans is incalculable. Insurers and IBC are committed to helping Albertans through the claims process as they clean up and rebuild their lives and communities."
The IBC says that four people died and about 100,000 people were forced from their homes due to flooding.
Immediately after the disaster, around 5,000 insurance professionals hit the ground to help people with insurance claims.
Well in excess of 25,000 claims have been filed.
Anyone who cannot reach their insurance representative or have general questions about the policy should call IBC’s Consumer Information Centre at 1-800-377-6378.