The Insurance Bureau of Canada reported that at $8.55 billion, 2024 shattered the record for the costliest year of severe weather related loss in Canadian history, which struck a chord with Chase Coun. Dan Stevens.

At  the Jan. 14 council meeting, Stevens referenced the report and its current significance regarding the fires blazing through Los Angeles. 

香蕉视频直播淭o no surprise, 2024 was the costliest year in Canadian history for related insured loss. That report really hit hard today because of, especially the recent disasters in the United States and the insured losses that we香蕉视频直播檙e seeing down there,香蕉视频直播� he said. 香蕉视频直播淚t just really highlights the importance of communities being prepared for wildfire disaster... but not relying on insurance to always be there.香蕉视频直播�

The IBC report listed the Calgary hailstorm, Jasper wildfire, remnants of Hurricane Debby, the Greater Toronto Area floods and the Western Canada deep freeze as notable weather events contributing to the record breaking total. Coming in at the second costliest year was 2016 at $6.2 billion with the Fort McMurray fire, while the locally disastrous 2023 wildfires put the year fifth at $3.61 billion, with Nova Scotia floods also contributing to that total.

香蕉视频直播淐anada is clearly becoming a riskier place to live, work and insure. As insurers price for risk, this increased risk is now impacting insurance affordability and availability,香蕉视频直播� IBC climate change and federal issues vice president Craig Stewart said in the report. 香蕉视频直播淐anadian governments must be more proactive to properly manage and mitigate risk.香蕉视频直播�

He added that governments need to invest in infrastructure to defend against floods, adopt land use rules to ensure homes aren香蕉视频直播檛 built on floodplains and facilitate FireSmart in high-risk communities.

The full report can be read online at .