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Post-tropical storm Fiona most costly weather event to ever hit Atlantic Canada, new estimate says

Source(s): The Canadian Press
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Post-tropical storm Fiona caused $660 million in insured damage, according to an initial estimate by Catastrophe Indices and Quantification Inc.

The Insurance Bureau of Canada said Wednesday the storm was the most costly extreme weather event ever recorded in Atlantic Canada in terms of insured damages based on the estimate provided by CatIQ.

IBC added that many of those affected by the storm were located in high-risk flood areas and floodplains where residential flood insurance coverage is not available.

As a result, the bureau said the overwhelming majority of costs for the disaster will be borne by government.

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Hazards Cyclone, Hurricane and Typhoon
Themes Economics of DRR
Country and region Canada
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